Market Research: CAD

Source: Dukascopy Bank SA
Canadian Dollar was among the worst performing currencies during the last five-day period, as it used to depreciate strongly along with other commodity-related currencies. Accompanied by Australian and New Zealand dollars, they all dipped by 1.5-to-2% from Wednesday of the last week. Especially heavy downward impetus was created by oil prices, as they plunged as low as $30 a barrel and have already briefly tested the area below this mark. Another bearish performer was the British Pound, which touched the lowest level since 2010 against the US Dollar amid negative impact for the UK coming from weaker China and slowly-growing Euro zone.

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