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USDCAD – Canadian dollar fell against the greenback traded at 1.0810 and is waiting for the report this week that is expected is expected to show a slowdown in the Canadian economy than the U.S.; the Bank of Canada cut its growth forecasts and said that the national economy will not reach its full potential if it is in mid-2016. Employment in Canada also suffered unexpectedly declined in June and the unemployment rate is rose to 7.1%.

EURUSD – Last week, the euro lost ground against the dollar and is currently trading around 1.3430 as weak economic data from Germany have once again highlighted the different paths of monetary policy adopted by the national central banks and how these often diverge from the guidelines laid down by the ECB.

GBPUSD – Pound lost ground against the dollar and is trading at 1.6980 after positive data from the U.S. and geopolitical tensions have supported the demand for U.S. dollars.

In the course of this week, investors’ attention will be turned to the report on growth in the U.S. which will be released Wednesday for the second quarter and the non-farm payrolls report that will be published Friday.

Commodities

GOLD – the price of gold gained some ground during the Asian trading session in which it is trading at 1308.00 as investors are assessing the situation in Russia, in Gaza and the health of the U.S. economy.

CRUDE OIL – the price goes down during the Asian session and is trading around 101.60 in the wake of the assumptions relating to economic data that appear to show a slowing of growth in the USA.

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