Market Research: CAD

Source: Dukascopy Bank SA
Somewhat mixed performance was showed by the Canadian currency last week. Nevertheless, after trading in a volatile environment around the base line throughout the whole time period, it managed to end the week with a gain of 0.34%. Among other reported currencies, only the Euro's change exceeded 1% level for the five-day period ended Tuesday of this week as it dropped by 1.05% amid expectations the ECB will be forced to expand the QE programme, if inflation fails to rebound. Safe-haven currencies continued to outperform as risk-averse sentiment returned back to markets. Thus, the Yen and Franc were up 0.69% and 0.41%, respectively.

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