- This week will be a quiet one for the Canadian dollar, with little in terms of data, although with Christmas approaching and liquidity in the market low we could still see some large fluctuations in the market. On Tuesday we will see the only major piece of data from Canada, with growth figures expected to show marginal growth of 0.1% down from last month at 0.4%.
- The Bank of Japan maintained status quo 8-1, leaving the annual monetary increase target unchanged at 80 trillion yen. For this week, we will see a whole raft of data out late on Christmas Day including industrial production, retail sales, unemployment and construction spending coming data due. This has the potential to be an incredibly volatile time for the yen.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.