020 7898 0500Elsewhere yesterday, following a difficult start to the week, the Canadian dollar further extended its decline. Comments over the weekend from Government Ministers has dragged down the currency, and these were followed by weak trade balance figures on Monday. Policy makers have been talking-up the possibility of a boom in export levels over coming months, and the figures cast doubt over the legitimacy of such claims. As a result, the Canadian dollar hit 2009-lows against sterling yesterday. We saw the Polish zloty weaken against the majority of its most traded peers as the central bank pledged to keep interest rates at record lows until mid-2014 at the earliest. The decision is an attempt to sustain an economic revival following a slowing of inflation rates. The Japanese yen also dropped off yesterday afternoon as Credit Suisse released a statement saying that the currency could drop down to fresh 5-year lows against the US dollar in coming weeks. Overnight last night we had building approval and retail sales data out of Australia, and later today we have building permits figures out of Canada. Get in touch with your trader for a live rate.
