USD/CAD Still Volatile

In contrast with preceding weeks, when central banks stole the show, last week was notable for the release of numerous economic indicators in the U.S. and Canada.

  • The Canadian dollar continued to be volatile against the U.S. dollar, ending the week up 125 points.
  • Interest rates dropped in Canada; the 5-year swap rate ended the week down by 5 points.
  • Oil prices finished the week at49 USD/barrel, down by over 2 USD/barrel on the week.
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