Liquidity was light on account of the Bank holiday in the U.K. and Memorial Day holiday in the U.S. The common currency this month reached its lowest level since April 2006 and tested the 50% retracement of its lifetime range. The pair has not lost much ground since Fitch’s downgrade

The euro gained ground on Monday, rising against the dollar and the yen, with equity futures trading in positive territory and oil prices on the rebound. Trading is exceptionally thin, with markets in the U.S. and U.K. closed for holidays. The ICE Dollar Index, which tracks the greenback against a

Canadian real GDP grew by a stunning 6.1% (annualized) in Q1/2010, slightly above the market consensus expectation of 5.8%. This is the strongest quarterly gain in over a decade. A robust monthly gain of 0.6% in March provides a strong hand-off into Q2. The strength was broad-based with domestic demand