XE Market Analysis: North America – Oct 01, 2015

The dollar and other G3 currencies continued to loose ground to the commodity currencies as stocks and most commodity prices rose for a second day. A flood of PMI and other survey data out of Asia and Europe had little impact, while expectations of fresh stimulus in Europe and elsewhere are underpinning stock markets. AUD-USD rose to a one-week high at 0.7084, and USD-CAD dove to one-week low at 1.3352, with the loonie assisted by a 2.5% rally in NYMEX crude prices.