Currency Note Worldwide

Safe haven assets likely to benefit from US uncertainty

By Smart Currency September 30th, 2013

Elsewhere, safe-haven currencies such as the Swiss franc and Japanese yen benefited from uncertainty over the US budget and a potential governmental shutdown, at the same time, we saw riskier, higher-yielding currencies suffer. Today we have Canadian GBP figures released which are expected to show the Canadian economy grew at a rate of 0.6% and later on this week we have more data from Canada in the form of purchasing managers index (PMI) figures. We have a raft of data from Australia including retail sales, trade balance figures and building approvals statistics; this come in addition to the central bank decision on monetary policy; however, no change is expected. We also have the Japanese central bank monetary policy statement and press conference as well as a swathe of Japanese data, influential manufacturing data out of China and PMI data from Sweden and Norway. Call in now for the latest prices and a market update.