USD currency index was one of the main losers during the last week, posting losses versus seven out of eight other major currencies. The only currency that posted even steeper decline was the loonie. Canadian Dollar plunged 1.21% over the week, as the nation's building permits for February disappointed markets to the downside, falling most in five months. Moreover, even a more positive picture of Canada's corporate sector was not able to provide a significant, long-term bullish bias for the loonie. In contrast, the Japanese Yen gained 1.15% over the described period, as the Bank of Japan refrained from additional stimulus, citing stronger growth and a pickup in inflation.
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