Currency Note Worldwide

Business confidence increases in Australia

By Smart Currency October 9th, 2013

Elsewhere yesterday, the Canadian dollar continued to fall against the majority of its 16 most-traded peers as markets remain nervous for the Canadian economy, which is so heavily reliant on its exports to the US. The Canadian dollar weakness was exacerbated by trade balance figures showing that the deficit had unexpectedly widened throughout August. The Australian dollar had a strong day, hitting 3-week highs against its US counterpart as a business confidence survey showed the highest levels since March 2010. The Polish zloty performed well yesterday as the International Monetary Fund (IMF) suggested that growth in the country could exceed previous expectations. The Swiss franc struggled somewhat following comments from the president of the Swiss National Bank who said that the central bank had not had to protect the €1.20/Chf1 peg for over a year. We have a quiet day on the data front today, so markets will no doubt be influenced by the ever-developing situation in the US. Get in touch for the latest rate.