Market Research: CAD

Source: Dukascopy Bank SA
Activity of the foreign exchange market was dampened throughout the period, but we make an exception for Wednesday and Thursday. Canadian Dollar traded on a positive side during all days of the week, and even the unexpected European Central Bank's decision to cut all facility rates and expand monetary support was unable to completely derail the observed currency. Margin of safety was accumulated on Wednesday when the Bank of Canada's interest rate decision provided CAD with upward momentum. The period was finished with a gain of 30 basis points, just slightly behind its Australian counterpart that added 0.33%.

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