020 7898 0500Elsewhere this week, after having struggled the previous week, we saw the Canadian dollar perform well in anticipation of Wednesday evening’s statement from the US Federal Reserve. The Federal Reserve maintaining its stimulus package is good news for the Canadian dollar, with the US being Canada’s primary export destination. The Canadian currency was buoyed further yesterday following better-than-forecast growth figures. Midweek also saw the Swiss franc perform well, which carried through into yesterday as investors looked to buy into safe-haven assets amid uncertainty over the Federal Reserve’s outlook. For the same reason we saw the Japanese yen perform well yesterday. The New Zealand dollar recovered from 6-week lows after the Reserve Bank of New Zealand signalled on Wednesday night that interest rates would start rising at the beginning of 2014. Overnight last night we had manufacturing figures out of Australia. Get in touch with your trader for live market updates.
