Currency Note Worldwide

Japanese yen continues to suffer

By Smart Currency September 11th, 2013

Elsewhere yesterday, following on from Monday, the Japanese yen had another difficult day. Tentative optimism swept through the markets, as the possibility that there could be a diplomatic solution regarding the problems in Syria seemingly increases. Furthermore, positive data coming out of China created greater risk appetite in the market; as a result, we saw a further sell-off of the safe-haven Japanese yen. For the same reason, this helped the Canadian dollar and Australian dollar hit 3-week and 6-week highs against the US dollar respectively. The Norwegian krone was the stand out performer following inflation data coming out higher than expected. The Indian rupee logged the biggest four-day gain since 1973, as poor jobs data out of the US yesterday tempered concern that the Federal Reserve will cut stimulus over coming months. Today’s eyes will be on this evenings interest rate decision and following press conference from the Reserve Bank of New Zealand’s. Get in touch for a live rate.