Daily Currency Report

Overview

The dollar gained for a second straight day after better than expected data was released. In Japan, the Nikkei gained 0.3 per cent, rising for a second straight day. Australian consumer prices rose at the fastest pace in almost six years, breaching the Central Bank's inflation target. Canada continued to disappoint with a lower than expected retail sales figure.

GBP
With no data released from the UK, the sterling's losses have been triggered by the recovery of the US dollar. The sterling eased against the euro, consolidating the previous session's spike to a two-month peak.

USD
The dollar gained for a second straight day after the Conference Board's index of consumer sentiment rose, against forecasts for a slight drop.

EUR
The ECB has stated that the eurozone current account has slipped into deficit. The euro also fell against the yen.

JPY
Markets are expected to shift their focus to consumer price data. A stronger than expected reading could reignite speculation of another rate rise by the end of the year.

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