Market Research: EUR

Source: Dukascopy Bank SA
After spending more than a month below the baseline, the Canadian dollar managed to improve its position in the past week. The notably greater-than-expected Canadian employment data release on Friday caused the rise of the Loonie. Thus the CAD Index has spent the vast part of the week distinctly above its peers and ended the period with a 1.36% growth. The US economic news, published on Friday along with the Canadian, also led to the increase of the national currency. However, on Monday, the Greenback's index has dropped below the baseline and did not manage to cross back above, ending the week with the second worst result. The worst result, in turn, was showed by the Kiwi's gauge. The RBNZ's rate cut pushed the index down, and by the end of the week it fell to the extremely low level of -2.33%.

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