- A turnaround of fortune for the Aussie dollar helped stabilise the currency after seven-month lows. The reason behind this was due to a steady and improved outlook for the central bank in China, with the country being Australia’s largest export market. However, Aussie dollar buyers would have been disappointed this week after the finance minister of China played down prospects of new stimulus in the near future.
- The Canadian dollar reached one-month lows against the majority of its major peers today. The currency still seems to be under increased pressure from the release of the poor data released on Tuesday showing disastrous retail sales for July. The lack of data expected from Canada until the end of the month should see the currency driven mostly by risk sentiment.
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