Currency Note Worldwide

Positive news from Canada, discouraging news from Switzerland

By Ricky Bean June 26th, 2015

  • The Canadian dollar has strengthened through the week, especially on the back of wholesale figures which rose by 0.8% in March, following recent declines. Positivity is returning to the Canadian dollar following this data release, as we also enter the summer, when economic activity normally increases.
  • Comments made by a Swiss Central Bank member seemed to have weakened the Swiss franc. The mention of potential willingness to cut interest rates to negative territory drove the Swiss franc over a cent against sterling on Thursday – this was accentuated by the effect of the global economy on the Swiss currency.
  • The Japanese economy has been struggling recently, due to low oil prices. It will be interesting to see the results of today’s inflation data, which is expected to be positive. Encouragingly, the country is still showing growth in inflation.

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