020 7898 0500Yesterday, Canadian stocks rose for the third day in a row on the back of gains amongst energy producers. As a result of this, we saw a 1% improvement for the Canadian dollar against both its American counterpart and sterling – a movement bested only by the New Zealand dollar. Just after midday today, we see the publishing of Canada’s monthly Gross Domestic Product (GDP) figures which are expected to show a minor improvement on last months.
The major beneficiary of US dollar weakness following Yellen’s comments was the Japanese yen which strengthened. Probably the last thing Japanese exporters needed as the yen is the strongest performing currency this quarter.
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