Market Research: USD

Source: Dukascopy Bank SA
The past week was full of ups and downs, but the market managed to retain its previous leaders and losers. Thus for the second week in a row the Canadian dollar became the best performer of the period, whereas the yen ended the week with a strong decrease. The BoJ's decision to introduce a negative interest rate surprised the market, and the yen fell sharply, losing 2.4%. The commodity currencies started the period with a downward trend, but the recovering of the oil prices on Tuesday became the turning point for the Loonie and the Aussie – their indexes changed direction and finished the observed week with 1.4% and 1.0% gains, respectively.

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