Currency Note Worldwide

Yen boosted by safe haven status

By Ricky Bean December 12th, 2013

Elsewhere, the Australian dollar continued to weaken in light of a slowing recovery. As a result all eyes will be on the Reserve Bank of Australia (RBA) meeting minutes on December 16 which may indicate a great cycle of quantitative easing throughout 2014. The New Zealand dollar also struggled in anticipation of the raft of information released last night including the official cash rate as well as the Reserve Bank of New Zealand conference releases and rate statement. In turn, the Japanese yen performed strongly, with more investors backing the safe-haven currencies as the sentiment-linked currencies struggled. It is relatively  quiet for the rest of today with only the Bank of Canada Governor speaking in the evening, which may have a high impact. Call your trader now for the latest live rates