Currency Note Worldwide

Canadian dollar dips

By Ricky Bean November 7th, 2013

The Canadian dollar dipped yesterday after strengthening throughout the week against sterling. Following a rally in the commodities markets the dollar had been on the rise but the strong industrial / manufacturing reports from the UK tempered the effects of the loonie’s gains. The Australian dollar made up some of the ground it lost earlier in the week against sterling after strong trade data on Wednesday that complimented Monday’s positive retail sales data. New Zealand’s currency also neared two week highs against the dollar on the commodity wave, and overnight we also saw the employment change and the unemployment rate from Australia. In news from another of the individual central banks’ meeting, the Polish zloty fell against sterling after Poland’s central bank confirmed they would keep interest rates at a record low until at least mid-2014. Get in touch with your trader now for the latest worldwide exchange rates.