Friday saw the Canadian dollar finish the week strongly, as it jumped up against its US counterpart. Statistics Canada reported that manufacturing sales rose by 1.7% in December, coming out way above the initial expectation of a 0.9% fall. November’s number was revised to a 1.3% decline from a previously estimated 1.4% drop.
The Australian dollar gained strength on Friday following central bank Governor Glenn Stevens’ acknowledgement that spurring demand in the Australia’s economy would take a lot of work, thereby indirectly suggesting that the government step up its spending.
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