- A quiet day yesterday saw markets remain relatively flat. Geopolitical tensions in the Ukraine and Middle East saw a slight lean towards safe-haven assets, similar to the end of last week, which bolstered the Japanese yen and Swiss franc. Many traders are forecasting a similar pattern as the week progresses.
- Russia widened the trading band which it enforces to control the rouble’s value, suggesting that the conflict in Ukraine is not going to stand in the way of central bank plans to fully float the currency in the global marketplace.
- Australian monetary policy meeting minutes released early this morning highlighted the Reserve Banks uncertainty over the Australian economy and the high exchange rate
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