Market Research: USD

Source: Dukascopy Bank SA
The past week appeared to be the period of the commodity currencies, as the appreciation area was largely dominated by the Loonie's, the Aussie's, and the Kiwi's gauges. The CAD Index was the first to break above its peers, gaining momentum as the oil prices went up. Afterwards, however, the gauge remained flat, and even with additional push from stronger-than-expected employment data failed to overcome the Kiwi's measure. The latter had its pivotal moment on Wednesday, when the RBNZ left the rate unchanged. The decision was not unexpected, but the market displayed a stark reaction, lifting the NZD Index 1.6 points up and allowing it to post an almost 2% weekly gain. The Aussie's gauge also got the deciding push from its central bank, gaining 0.9 points as the RBA promised to employ no further easing in the nearest future. The jump, however, only allowed the measure to come in forth. The third best result, interestingly, was posted by the safe-haven franc, whose index was slowly climbing up throughout the week, with the investors' interest possibly fueled by the uncertainty over the upcoming "Brexit" referendum.

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