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Currency Market Analysis

Global Themes

Oil started the week with a slip, weighing on commodity currencies like Canada's, and lending support to safe havens or de facto safe havens like the yen and euro. America's dollar was somewhere in between, up against the loonie, but lower against a trade-weighted basket of currencies. Last week concluded in fairly upbeat fashion as both stocks and oil had finished firmly. But the lack of fundamental improvement in markets left recent gains for risky assets untenable. After the European Central Bank last week vowed to reconsider stronger stimulus next time around, the Federal Reserve will be i

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