One week into the yr, the loonie is on prime
There are 51 extra weeks to go this yr however the Canadian greenback is off to a flying begin. It was simply the highest G10 FX performer with a 1.78% acquire in opposition to the US greenback. The acquire for the loonie is a little bit of payback from final yr the place it was close to the underside of the pack, with solely the Australian greenback trailing it. The Canadian greenback was aided by rising oil costs.
The laggard this week was the euro, which fell zero.56% in opposition to the greenback.