GFX Morning FX Commentary, April 26, 2012

Good Morning,

Today’s suggested range for the Canadian dollar against the US Dollar is  .9790 - .9860

Today’s suggested range for the Canadian dollar against the Euro is 1.2925 – 1.3025

Today’s suggested range for the Canadian dollar against Sterling is 1.5850 – 1.5950

The Euro pulled back from its highs overnight following weak Eurozone confidence figures

or both business and consumers in April. Despite the pullback in EUR/USD it remains supported

above 1.3200. European stocks have declined led by the large banks with lower than expected

earnings and the European Commission’s economic sentiment indicator falling.

Turing to North America the Dow futures are pointing lower by 25 after a strong close yesterday

as the markets are convinced the Fed will keep its pledge to hold interest rates at current levels

and would resort to bond purchases if the economy took a sudden turn for the worse.

The Canadian dollar continues to attract foreign flows making fresh highs for the year overnight.

The economic indicators for North America are all south of the border with jobless claims and pending

home sales for March due out.

Have a great day!

GFX Morning Currency Rates
Thursday, April 26 2012
Currencies	7:00am Today's Opening				Yesterday's Opening
USD/CAD		0.9831			0.9861
CAD/USD		1.0172			1.0141
EUR/USD		1.3206			1.3201
EUR/CAD		1.2986			1.3016
STG/CAD		1.5911			1.5877
AUD/CAD		1.0189			1.0193
CAD/JPY		82.16			82.3
CAD/CHF		0.9248			0.9228
CAD/HKD		7.8908			7.8885
CAD/CNY		6.4106			6.3888
CAD/MXN					13.3227
Commodities
Gold		$1,648			$1,642
OIL		$103.91			$104.09
Option Volatility
Canada
O/N		9.50%			11.01%
1 Week		8.50%			8.50%
1 Month		8.50%			8.49%