Lots of key data, lots of opportunity for movement in currency rates

Elsewhere on Friday, we saw the Canadian dollar rally slightly, before dropping off again and concluding what was a difficult week for the North American currency. The rally was a response to better-than-forecast GDP figures, but the gains were reversed amid speculation over and in anticipation of Wednesday’s central bank meeting. The Norwegian krone also struggled as figures showed unemployment levels hit 2.6%, worse than the 2.5% forecast. Looking forward to this week, out of Canada we have an interest rate decision, building permit data, and unemployment and inflation figures. There is also an interest rate decision from the Reserve Bank of Australia, as well as trade balance figures. We also have manufacturing data out of China and inflation figures from Switzerland. Get in touch with your trader for a live rate.