It has been a rather quiet week data-wise for most of the exotic currencies. The busiest has been the Australian dollar, which has fared well, gaining nearly 0.5% on sterling and even more against the US dollar. Comments made in Tuesdays speech by Reserve Bank of Australia Governor Stevens proved the most beneficial out of this week’s data as it helped the Australian currency to strengthen by 1% against sterling.
The New Zealand dollar has shared similar fortunes to its Oceanic counterpart, gaining 1.25% on sterling this week despite the lack of economic data (other than economic data out on Wednesday, which beat expectations).
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.