DailyFX - Forex Market News: Forex Analysis: Dissuaded by Carney Departure and Soft GDP, Loonie Looks Uncertain

DailyFX - Forex Market News Forex Market News

Forex Analysis: Dissuaded by Carney Departure and Soft GDP, Loonie Looks Uncertain Dec 1st 2012, 08:34 The Canadian Dollar had a mediocre week, finishing in the middle of the majors covered by DailyFX Research, while slipping by a mere -0.09% against the US Dollar and by -0.20% against the Euro, the top performer. The Loonie was the strongest commodity currency on the other hand, gaining +0.08% against the New Zealand Dollar and by +0.26% against the Australian Dollar. Overall, this was a very interesting week for the Canadian Dollar, with some key data coming in slightly weaker than expected, and some big news at the Bank of Canada. As we wait to see how these events impact the Loonie over the coming months, we must take a “neutral” bias for the coming week.

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