020 7898 0500- The Japanese yen continues to be under scrutiny, remaining at six-year lows. Today it fell to six-year lows against the US dollar and remains under pressure. The likelihood of a major change is unlikely to happen until 30th September, when the jobless rate is announced. If this deviates from expectations, it may cause movement in yen markets.
- Encouraging Canadian manufacturing data helped the Canadian dollar recover from Monday’s drop from almost six-month lows against the majority of its peers. It was a good month for Canadian sales, which reached $53 billion – a record amount and an increase of 2.5% in comparison to the forecast of 1%. This should give the Canadian currency some respite from further weakening.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.
