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CAD/USD gains 9% so far this year

CAD/USD has gained 9% since the start of the year due to the freefall in oil prices

By Richard Nehme | May 6, 2015 11:47 BST
Euro continues to benefit from weaker USD
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EUR/USD traded within a 1% range peaking at 1.1210 from the low of 1.1066. The pairing recovered some ground amid an optimistic forecast from the EU Commission regarding GDP and inflation figures. Earlier in the day, market rumours pointed for more delays in the Greek drama, with the IMF retreating its support to the country, whilst German FM Schaeuble hit the wires stating he's sceptical on reaching a deal before the next due payment to the international organism [...]

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