- 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.
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