Currency Note Worldwide

Lots of data this week so expect lots of movement

By Ricky Bean December 9th, 2013

Elsewhere it was a fairly quiet day on Friday with the majority of the many currencies trading in a narrow range. After a rally on Thursday the Canadian dollar finished on a low, declining for the third week in a row against its US counterpart. Fridays poor performance came amid speculation that the negative impacts of slow growth and a risk of cooling inflation outweighing improvements in the labour market. As a result the Canadian currency fell back down to the three-year lows it hit earlier in the week.Looking forward to this week, it promises to be an interesting week for the Australian dollar, with the releases of building approvals, retail sales, GDP, and trade balance data. We also have a statement from the governor of the central bank, as well as an interest rate decision. Out of Canada we have trade balance, building permits, unemployment, and manufacturing figures, so a very bust week and we also have an interest rate decision and a statement from the central bank governor. Get in touch with your trader for a live rate.