- The week started off with positive news for the Norwegian Krona, as higher-than-expected inflation of 2.6% throughout July saw the currency appreciate across the board.
- The Japanese yen has seen a much more mixed week, with the economy being shown to have contracted by 6.8% throughout the last quarter. Despite this in fact being a smaller decrease than expected, the yen still saw its value decrease across the board.
- Performance against sterling managed to buck this trend, with a cautionary rhetoric from the Bank of England weakening sterling.
- After a tough start to the week where US dollar strength was sustained; a resurgent Chinese renminbi was able to rally strongly following strong Chinese retail sales and industrial production data.
- Today we see manufacturing sales data from Canada, which provides an early signal of future economic activity.
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