Market Research: AUD

Source: Dukascopy Bank SA
There are three major currencies, which are worth mentioning in this report. Canadian Dollar and British Pound were two best performing currencies among G8 majors last week. The former gained almost two full percentage points for the period ended Nov 3, while the UK currency traded around 100 basis points to the north during the researched five days. Australian Dollar was strongly depressed and traded firmly below the baseline until Monday, but regained enough strength in order to register a weekly spike in value of 0.18%. It rose the most against the Kiwi, which established itself as the main underperformer with a loss of 1.7%.

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