Friday was relatively quiet in terms of data across the board. The Canadian dollar lost ground against its American counterpart as positive data from the USA on Thursday continued to push in its favour – especially as investors continued their assessment of the Greek debt talks.
The Japanese yen gained yet further ground after the release of data on consumer price, household spending and employment came in greater than expected – again especially considering the situation in Greece.
Looking at the week ahead, we have a busy week for Australia with the Governor of the Reserve Bank of Australia speaking on Tuesday, Wednesday sees the release of the Australian trade balance, while Thursday sees the release of Australian retail sales. Tuesday also sees the release of the monthly Canadian GDP figures.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.