Concern in Australia, while New Zealand is on the up!

This week’s Reserve Bank of Australia meeting minutes showed members’ concerns over the economy as it continues to stagnate; with this in mind the minutes advised that there was still room for Interest Rates to be cut. On the flipside, the New Zealand dollar strengthened thanks to the first positive Consumer Inflation figures seen for two months.

Eyes will be on today’s Canadian Consumer Inflation and Retail Sales figures; inflation is expected to climb steadily, and retail sales to have a slight decline.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.