Yesterday was another bad day for the Canadian dollar, as it fell to levels that hadn’t previously been seen since October 2008 – and today’s release of their Monetary Policy Report, as well as other important data, could well push the currency even lower if the results fall short of expectations.
Positive news for the New Zealand dollar?
Its New Zealand counterpart, however, had a very indifferent Tuesday, ending the day just weaker than where it started. Some important data to be released for the New Zealand currency today includes the Global Dairy Trade (GDT) Price index and Consumer Price Index (CPI) data; CPI is expected to be positive for the first time since October.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.