Currency Note Worldwide

Difficult week ends positively

By Smart Currency October 18th, 2013

Elsewhere, the Canadian dollar had a difficult week as it was buffeted by events across the border. The Australian and New Zealand dollar were also affected. Once a deal in the US was struck some normality returned. The Australian dollar also reacted well to the release of minutes from the last central bank meeting which gave little mention to the possibility of further interest rate cuts before the end of the year, which was seen as a much needed boost for the Australian dollar. Overnight, the Governor of the Reserve Bank of Australia was speaking whilst we had GDP figures and industrial production data released from China. Later on today, the main release due will be the inflation figures from Canada, with the core reading expected to show inflation of 0.2%. Call in now for the latest update from the market.