Market Research: CAD

Source: Dukascopy Bank SA
The total number of economic events was declining every day throughout the period ended Jan 26. Despite that, currency markets were kept in volatile mode due to other factors. They included continuous instability in global equity markets, even though we have seen some improvement of the situation after the ECB and the PBOC said they will provide more support. Additionally, oil prices are still hovering near $30 a barrel. The latter fact, however, failed to derail commodity-linked crosses including the Canadian Dollar. Joined by the Aussie and Kiwi, they managed to become the best performers during the previous week and gains were held above one percent.

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