Currency Note Worldwide

Chinese Renminbi boosted by positive data

By Ricky Bean August 15th, 2014

  • 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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