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Mon, 09 May 2016 17:02:18 GMT
Source: Dukascopy Bank SA
The past week proved to be another period of weak commodity currencies, though this time the oil prices were not the main driving force behind the descend. The RBA's decision to cut interest rate managed the Aussie's gauge to tumble below 99.0 points on Tuesday, and the monetary policy statement released on Friday pushed the index lower still, putting the Aussie in the main loser's position. The Loonie's measure finished the week slightly above its Pacific counterpart, but still posted a more than 1.5% loss, despite the good unemployment and PMI releases on Friday.
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