Market Research: USD

Source: Dukascopy Bank SA
USD index was second top performed last week, while Canadian Dollar index posted the steepest decline of 0.87%. Stephen Poloz comments on March 18 pushed the loonie 0.51% lower, as he pointed out the potential weakness in the land of the maple leaf in the first quarter of 2014. At the same time, RBA's minutes and New Zealand current account figures pushed Aussie and Kiwi indexes 0.38% and 0.48% respectively. RBA minutes showed that record-low interest rate is boosting growth. Hawkish comments from the central bank helped Aussie index to become last week's top performer, adding 1.45% to its value. In contrast, weak wholesale sales dragged Canadian Dollar 0.87% lower. 

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