Elsewhere yesterday, we saw a general increase in global market confidence as tensions in the Middle East eased alongside positive signs of economic growth in China. This was bad news for the Japanese yen yesterday, which hit four-year lows against sterling, as investors look to cut ties to the low-risk, safe-haven currency. For the same reason we saw the Canadian dollar perform well, as investors bought in to the higher-yielding asset. A run of positive data out of Canada has forced traders to re-evaluate previous beliefs that the nation’s economy looks to trail behind that of the US in coming months, which has also attributed to the Canadian dollar strength. We also saw the Australian dollar perform well, as a combination of domestic and international data releases reduced chances of the Reserve Bank of Australia implementing a rate-cut before Christmas. Late last night we had the interest rate decision out of New Zealand, and early this morning we had influential employment figures out of Australia. Get in touch for a live rate.