Thursday saw some positive movement on the Canadian dollar, mostly driven by an eight-month high on the price of oil following a larger than expected dip in US stockpiles. However should stockpiles be seen to increase markedly off the back of this, the Canadian dollar may well return to a downward trend.
Elsewhere, positive Swiss unemployment data, which dropped from 3.5% to 3.3%, suggested that an improvement in economic conditions bolstered the franc against the British pound, and some other major currencies.
Friday is a very quiet day of data with the focus falling on Canada with some key employment releases.
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