- Tuesday saw Governor of the Reserve Bank of Australia (RBA) Glenn Stephen’s make his monthly comments on the state of the economy, as well as looking ahead to next week’s board meeting. Although he offered little insight into the content of next week’s board meeting regarding monetary policy, he indicated that the RBA is now viewing the risks to the economy that stem from low interest rates. This boosted Australian dollar.
- The Canadian dollar was able to capitalise on a poor day for the US dollar and touch its recent three-month highs. The Bank of Canada issued a statement, saying they expect a strong recovery in the second half of the year.
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