- Sterling is not the only currency struggling at present as the Japanese Yen weakened to the lowest levels seen for nearly six years against the dollar. This can be largely attributed to a significant fall in business spending and current account surplus data that both appear to the suggest the Japanese economy is beginning to slowdown.
- Elsewhere, the South African rand dropped across the board ahead of tomorrow’s current account deficit figures that are predicted to show an increase in debt.
- Tuesday sees the release of business confidence from Australia, followed by Canadian construction data in the afternoon.
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