Market Research: USD

Source: Dukascopy Bank SA
During the week the Greenback was one of the most stable currencies as it was steadily appreciating while its counterparts experienced significant ups and downs. Just like during the first January's trading week, the Australian dollar coupled with its regional peer Kiwi posted the most conspicuous rate changes. The currency indexes started the week with a slight recovery after the previous week's 4% loss. However, on Wednesday, coupled with another commodity currency – the Loonie – the indexes slumped by 1%. Less pessimistic than expected Australian employment data made the domestic currency to appreciate on Thursday. Nevertheless, the effect was short-lived, and another drop of oil prices was followed by even more significant depreciation of the associated currencies. As a result, the Canadian dollar finished the period with the 2% loss. Meanwhile, the safe-haven yen gained 2% in one day and became the best performer of the week.

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