Currency Note Worldwide

Philippine peso falls

By Smart Currency November 12th, 2013

Elsewhere yesterday, the Canadian dollar rose against the majority of it most-traded peers in spite of the Canadian banks being shut in accordance to the Veterans Day public holiday. Reports at the end of last week from Canada and the United States suggest the North American economies will grow faster than previously thought, and hence triggered demand for the Canadian dollar. The Philippine peso tumbled by the most in a month against the US dollar, as the horrific events of last week impact the marketplace and the country braces for yet another approaching storm. We also saw the Indian rupee fall to two month lows against sterling as positive jobs data out of the US bolstered the argument for a Federal Reserve tapering of monetary stimulus. Overnight last night we had consumer confidence data out of Australia, and later today we have the results of a financial stability report from the Reserve Bank of New Zealand. Get in touch with your trader for live rates