The Loonie was the main loser among the G10s yesterday, retreating from a near 2-month high against the dollar, perhaps due to the Saudi-Canada dispute. As for tonight, Kiwi traders will be sitting on the edge of their seats in anticipation of the RBNZ monetary policy decision.
Loonie Gets Hit by Saudi-Canada Dispute
The dollar traded lower against all but two of the other G10 currencies on Tuesday. It gained against CAD, while it traded virtually unchanged against JPY. The main winners against the greenback were NOK, EUR and AUD in that order.
The Canadian dollar was yesterday’s big loser, pulling back from an almost 2-month high against its US counterpart, perhaps due to the dispute between Saudi Arabia and Canada. On Sunday, the kingdom suspended diplomatic ties and new trade dealings with...
Read the full financial markets daily report on JFD Research.