Currency Note Worldwide

Worries over US resolution reach worldwide

By Ricky Bean October 15th, 2013

Elsewhere, we saw the Australian dollar continue its slide against its New Zealand counterpart and lost ground against the majority of its other most traded peers. Economists believe that the weakness is down to a number of forces, but most notably a report showing that home-loan approvals figures dropped for the first time this year. Developments in the United States (or lack of) meant that the Canadian dollar continued to struggle. The currency has had a torrid time since news first broke of the US governmental shutdown, as traders feared for the Canadian economy, with the US being their biggest trading partner. Renewed risk-aversion saw the Japanese yen perform strongly yesterday, as worry grows that a resolution will not be reached in Washington. This evening we have influential quarterly inflation data out of New Zealand. Get in touch with your trader for a live rate.