Currency Note Worldwide

Growth better than expected

By Ricky Bean March 5th, 2015

  • On Wednesday the Bank of Canada decided to leave its benchmark interest rates unchanged at 0.75%. The bank’s official statement concluded that the current degree of monetary policy stimulus is still appropriate. This saw the Canadian currency reach highs against its US neighbour.
  • Australian fourth quarter growth rose 0.5%, as had been expected, taking the annual rise to 2.5%. After news earlier in the week that the Australian Central Bank decided to leave rates unchanged, Wednesday’s news saw the Australian currency trading up on Tuesdays position.

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