Canadian dollar has been in a down trend for 5 weeks now – it has lost about 3% against USD, JPY and
about 1.5% against EUR over this period of time. This is not a lot by historical standards but in this day of age – in times of very low volatility for almost all classes of traded assets – one can talk about the trends despite of their seeming insignificance in absolute terms.
Poor employment data releases in July and August lead to sell-offs on Fridays, that account for the most of the losses…
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