The recovery in the high yielders has been most beneficial for the Australian, New Zealand and Canadian dollars. On a percentage basis, these currencies saw the strongest recovery this week against both the US dollar and Japanese Yen. The market?s appetite for risk will continue to determine whether these rallies continue.
There is also a lot of economic due for release next week. They include Australian retail sales, the trade and current account balance, New Zealand producer prices, Canadian GDP, industrial prices and current account.