Currency Note Worldwide

Emerging market currencies perform well on Friday

By Ricky Bean August 27th, 2013

Elsewhere on Friday saw the markets lean towards a more risk-on approach. With little mention of tapering of the quantitative easing programme released from the FOMC minutes, the markets took this as a positive sign and investors started buying the so-called riskier currencies, with the emerging market currencies doing particularly well. Also, in line with the Euro’s strong week we saw the Scandinavian currencies have a positive finish to the week as fears surrounding the Eurozone crisis quietened down and the higher interest rates of these currencies attracted investors. Japanese inflation figures will be released on the 29th and on the same day Canada has its PMI data released with a figure over 50 giving the currency a boost and then on Friday we have Canadian growth figures released. Get in touch for a live rate.