It was a fairly flat day in the markets, with the impact of one or two data releases still being felt. The Canadian dollar was strong yesterday morning after last week’s employment figures, holding at 2-month highs against sterling, before losing a bit of ground at lunchtime. That ground was regained in the afternoon, however, following a report from JP Morgan which suggested that the currency was on course to log further gains over coming weeks.
Looking forward to today, we have a press conference and monetary policy statement from the Bank of Japan. There are also business confidence data from Australia, and building permits figures from Canada.
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