Market Research: CAD

Source: Dukascopy Bank SA
Canadian Dollar used to be a mixed performer over the weekly period ended on Tuesday, May 10. Despite that, overall this currency was tilted mainly to the south, as the CAD Index spent more than 90% of all time below the base line. The only currency, which seems to have had some clear direction, was the US Dollar. Data from America was released mostly on a daily basis, thereby helping the Greenback in establishing a distinct uptrend from the very beginning of last Wednesday. USD Index gained 1.55% over the week, followed by the Pound at +0.89%. Canadian currency, however, joined both save havens and other commodity currencies to lose 22 basis points.

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