- Today was a day to forget for the Japanese yen as it lost nearly 1 % against sterling. Failure to hit any expectations on all of yesterday’s data releases meant that the yen fell steadily all day without any hopes of fighting back. Continual links with the Chinese stock exchange have meant that Japan has been suffering of late, particularly since China is Japan’s largest export market. This has led sceptics to suggest it may be time to pull out of the Chinese stock exchange.
- Russia’s economic growth shrunk by 4.6%, it was announced yesterday – the largest contraction in six years. Continuing debate over oil prices and economic sanctions over the ongoing Ukraine debacle have caused extreme fluctuations in rouble markets, which has led to a decline in capital investment in the country.
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