Currency Note Worldwide

Good news for Canadian dollar and Swiss franc

By Ricky Bean June 10th, 2016

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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