- The Japanese yen faltered further yesterday, weakening 0.7% against sterling which meant the yen was at a rate of over 195, something that hasn’t been achievable since the end of June. The leading indicators index was out early morning but the effect on the yen was negligible.
- It was more mediocrity for Canadian dollar yesterday as it lost more ground against sterling – however, it made small gains against the US dollar, boosted by encouraging trade balance data which beat expectations. Following this, there was clear strengthening for the currency across the board. This was short-lived, however, and previous levels were resumed within three hours.
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