Today we saw little data from the rest of the world as Europe and the US took centre stage. The Japanese Yen strengthened across board after we saw an increase in prices for Japanese corporate goods. In particular we saw the Yen strengthen against the pound in particular due to words from Bank of England (BoE) Governor Mark Carney, who said that the UK central bank is in no rush to raise interest rates. The Aussie Dollar rose to monthly highs against the US dollar today, still buoyed by the annual budget report, which was released on Tuesday.
Early tomorrow morning Mr Kuroda – the Bank of Japan Governor – is speaking on the Japanese economy and the current outlook. The Canadian dollar has important manufacturing data coming out, which is forecast to increase by 0.2% – in comparison to last month when it was 1.4%.
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