- After a difficult week last week, the Australian dollar stabilised yesterday following the release of retail sales figures yesterday morning. The monthly figures came in at 3.6%, above forecast, year-on-year – as a result, we saw the currency steady after last week’s decline. Any major movement was somewhat muted yesterday, however, as markets anticipated the central bank interest rate decision, which was announced early this morning. The Reserve Bank of Australia kept rates on hold. Trade balance figures were also released and were slightly better than expected.
- Extending on last week’s slump, the Russian rouble fell towards three-month lows yesterday, as Ukrainian troops continued their offensive into the East, clashing with pro-Russian separatists in the areas surrounding Donetsk.Looking forward to today, the main event of note will be this evening’s employment figures out of New Zealand.
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