Jul 17, 2017

Markets: Australian Dollar, Canadian Dollar, Foreign Stocks

The Australian dollar (AUD) is very close to a two-year high it's at more than a one-year high as is the Canadian dollar (CAD) which was very strong on the week on the back of a rate increase by the Bank of Canada but the US dollar fell across the board, obviously foreign stocks better than US stocks given the tailwind that they have from appreciating currencies.