020 7898 0500Elsewhere on Monday some commodity- linked currencies gained some momentum during the afternoon session. The Australian dollar rose 0.1% versus the US dollar, exchanging at £0.7447, due to a data release last week that suggested Australia’s real growth for the quarter rose 0.6% quarter-on-quarter in the fourth quarter of 2015 following a 1.1% in the previous quarter.
The Canadian dollar also gained strength against the US dollar, but at a more modest 0.08%. The New Zealand dollar was not among the positive currencies and fell against the US currency by 0.35%.
Tuesday sees a wide range of data in the form of: Trade Balance figures in China; ECO Watchers Survey (assesses short-term economic trends) in Japan; inflation data in Switzerland; Canadian Housing starts; and Card Retail sales and Consumer Confidence Index in New Zealand. All of these have the potential to affect their respective currencies, as well as wider currency markets.
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