020 7898 0500Elsewhere this week the main news came from the central banks across the world. The big mover midweek was the Australian dollar, as strong GDP data was combined with a decision by the Reserve Bank of Australia to keep interest rates at record lows. The Canadian dollar performed well on Wednesday following the Bank of Canada rate statement which quelled fears of an increase in quantitative easing as it asserted that current monetary policy remains appropriate. The Bank of Japan refrained from making any changes to its monetary policy whilst suggesting Japans economy is recovering and the Swedish central bank keep its monetary policy on hold yesterday, which caught some investors by surprise and in turn led to the Swedish krona weakening substantially through the day. The Canadian dollar performed relatively well yesterday in anticipation of today’s unemployment figures being released alongside monthly PMI data. Get in touch for a live rate.
