![]() ![]() Back to levels not seen in over a decade, since the Global Financial Crisis of 2008. Markets panicked and plummeted, Central Banks slashed interest rates and commodity currencies such as the Canadian dollar were hammered, as oil prices briefly went negative. All very serene and, dare I say from a currency trader’s perspective, dull.Īs more news started to filter out of China of a new and deadly strain of coronavirus in January of this year, and governments across the world realized that its spread was rapid and far-reaching, we found ourselves in an unprecedented lockdown. For the second half of the year, USD/CAD exchange rates bounced around in a tight range and struggled to break below 1.3000, or higher than 1.3350. West Coast, AFEXĢ019 was a relatively calm year for currency markets. By: Robert Bollé, Regional Manager - U.S. ![]()
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