Good Afternoon
The Canadian Dollar has traded stronger throughout the morning
session as it jumped on the back of a recovery in the Australian dollar
and rumoured Swiss Banks buying large amounts of Canadian Dollars.
The Aussie which had weakened the most in overnight trading is the biggest
mover of the day,, strengthening back to its North American
closing levels of yesterday, the Aussie strength helped move
commodity currencies back to the levels from the beginning of the day.
The US Dollar was very volatile against the Euro moving through
the top and bottom of the range at different points during the day. It appears
that volatility is slowing down with the Euro settling back into a range
against the US Dollar.
Yonah
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