Currency Note Worldwide

Boost to Australian dollar short lived

By Ricky Bean November 25th, 2014

  • The Australian dollar remains at risk as we have seen the gains that it made late last week following China’s surprise move to cut interest rates already given back. The concern is that the Chinese economy will not need as much of Australia’s commodities as it once did.
  • Today we will see Canadian retail sales released at 1.30pm. The forecasted figure is expected to be better than last month’s figure of -0.3%, estimated at a much improved 0.5%. Any significant deviations from this figure could significantly impact the currency’s performance.

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