Call Free Phone Now:0808 163 0102
Outside the UK: +(44) 207 898 0541 Request a Call Back
 
  Daily Currency News Euro US Dollar Educational Articles  
 
Posted March 14th, 2016 by Charles Purdy

Busy week for central banks

As well as the UK and US central banks meeting this week, we also have the central banks of Norway, Switzerland and Japan meeting. Japan (Tuesday) and the Swiss (Thursday) are unlikely to make any changes at their meetings. Norway, on the other hand, is expected to reduce their interest rate given the parlous state of their economy and their dependence on oil. This should weaken the Norwegian krone.

The Australian dollar had a strong end to the week last week as it gained against all major currency crosses, including 1.5% against the US dollar. Their Australasian counterparts also fared well alongside most commodity currencies, as analysts suggest the worst of the commodity rout is behind us. Looking forward to this week, we have the release of Australian monetary policy meeting minutes early on Tuesday. More importantly, we expect employment data on Thursday’ last month’s results fell below expectation, so markets will be poised around the uncertainty of a turnaround.

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

Comments are closed.

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
Site by Iniquus