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The British pound steamed away from the rest of the major currency opposition, invigorated by the UK unemployment rate falling below 7%. The euro and the Australian dollar were left bobbing in sterling's wake, putting in similar performances. They were unchanged against one another on the week, falling by -0.3% against the US dollar and by -0.8% against the pound.
In neither case did the two currencies have to cope with particularly bad news or economic data but nor was there anything to encourage investors to buy them. There were only a couple of significant Euroland economic statistics - investor confidence and inflation - and both were disappointing. The confidence measures were softer than expected and the inflation figure was exactly as expected at 0.5%, one and a half percentage points below where it is supposed to be.
The Aussie did not get much help from the economic statistics or from its own central bank either. The Melbourne Institute's leading index, a compilation of other data which tries to predict future economic performance, came in at 0.0%, pointing neither to growth nor recession. Business confidence deteriorated slightly. Vehicle sales were down. The Reserve Bank of Australia noted again in the minutes of its April policy meeting that its currency is still "high by historical standards".
Holidays on Monday and Friday in Australia and parts of Euroland (Portugal and Italy also take Friday off) mean there will not be much opportunity for the two currencies to shine this week either. The euro's danger point will be a speech by the European Central Bank president on Thursday, during which there is a chance he could try to talk the currency down. For the Aussie it is Wednesday's inflation data: a low number could push higher interest rates even further into the future.