Good
Morning,
Today’s suggested range for the Canadian dollar against the US Dollar is 1.0125 – 1.0225
Today’s suggested range for the Canadian dollar against the Euro is 1.2875 – 1.2975
Today’s suggested range for the Canadian dollar against Sterling is 1.6025 – 1.6125
Investor fears spiked in the Asian session with the Nikkei down 3% and the US Dollar making
fresh highs against most major currencies. The European stocks are still in the red but off their worst levels at the start of the North American session, where it looks like some of the investor anxiety is fading. The G-8 industrial countries meet this weekend and will try and calm the market fears over the Euro zone crisis. The Canadian dollar is off its worst levels from the Asia session as we now await the the consumer price index in Canada with inflation expected y/y at 1.9% and m/m 0.2%. The Euro bounced in the European session on rumours of a Spanish short selling ban which pushed the single currency back above EUR/USD 1.2700.
The Dow futures are pointing higher by 55 points in pre-market as the highly anticipated IPO for Facebook is launched today. Today being Friday ahead of the weekend position squaring will dominate trading, and any early G-8 headlines could also make for choppy trading.
GFX Morning Currency Rates
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Friday, May 18 2012
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Currencies
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7:00am Today's Opening
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Yesterday's Opening
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USD/CAD
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1.0175
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1.0135
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CAD/USD
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0.9828
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0.9867
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EUR/USD
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1.2692
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1.2695
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EUR/CAD
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1.2915
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1.2872
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STG/CAD
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1.6065
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1.6077
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AUD/CAD
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1.0037
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1.0053
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CAD/JPY
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77.89
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79.11
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CAD/CHF
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0.9297
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0.9327
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CAD/HKD
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7.6307
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7.6615
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CAD/CNY
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6.209
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6.2369
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CAD/MXN
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Commodities
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Gold
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$1,591
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$1,547
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OIL
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$92.67
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$92.86
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Option Volatility
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Canada
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O/N
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12.19%
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15.08%
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1 Week
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11.60%
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10.91%
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1 Month
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11.46%
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10.69%
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