Market Research: CAD

Source: Dukascopy Bank SA
Last period the Canadian Dollar was one of the most volatile currencies across the board, driven mainly by oil price developments in the wake of crucial output talks in Doha, Qatar. However, the fundamental front has been rich as well. The events included the Bank of Canada's monetary policy meeting, speeches among various officials and core statistical data. The currency recovered from weekly lows and closed the period with a 0.30% gain against its peers. Australian and New Zealand dollars spiked even more by 1.19% and 1.12%, respectively, amid a positive impact provided by commodities. In the meantime, safe havens were complete outsiders last week.

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