Currency Note Worldwide

Could the Australian dollar fall further this week?

By Ricky Bean July 6th, 2015

We expect a busy week ahead for the Australian dollar, with the Interest rate decision and employment change figures being announced. With the currency already weakening and interest rates already cut, further losses could be seen.

Uncertainty also continues to surround the Canadian dollar with a negative week expected. A slight drop is expected today, thanks to the Ivey Purchase managers’ index (A leading economic indicator) – and this follows weaker than expected employment change on Friday.

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