Monday came with better-than-expected Japanese retails sales figures, which have grown for the second consecutive month. This shows confident signs in public spending.
The Chinese stocks, however, struggled on Monday, as the negative signs from investors dwarfed the central bank’s effort to spur confidence with an interest rate cut.
Today we expect to hear from the Australian Reserve Bank Governor, with the focus on comments made at the previous reserve bank meeting about Australian dollar weakness which is expected to continue.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.