As we approach the festive holidays, a sense of quiet and calm starts to descend on Western and Eastern fronts. In terms of significant data to be released in this time, we expect the New Zealand Trade Balance data late on Wednesday 23rd December. The Canadians will also release some of their key figures the following day. After improving outcomes last month, they will hope for much of the same. After falling short of expectations in both their Gross Domestic Product (GDP) figures and Core Retail Sales last month, they too will be hoping for an improvement.
Are you looking to buy or sell currencies? The quieter period over the seasonal holiday is a good time to take stock and contact your trader to discuss currency purchasing strategies for the year ahead.