020 7898 0500Elsewhere, yesterday saw the so-called higher risk currencies perform well as the weak labour data out of the US means it is likely the US will delay tapering its quantitative easing program till next year. The South African rand and Polish zloty performed particularly well whilst the Australian dollar hit 4-month highs as a major multinational mining company announced it was raising its production forecast of iron ore – Australia’s biggest export. The Swiss franc also had a strong day yesterday. Overnight we had quarterly inflation data out of Australia and later on today the Bank of Canada (BOC) will hold its rate setting meeting. At present, the BOC is expected to keep rates on hold at 1.00%; but, the comments that follow in the rate statement, monetary policy report and press conference could cause some volatility in the market. Later tonight we have trade balance figures out of New Zealand and manufacturing data from China. Get in touch with your trader for live rates
