Today's expected range for the Canadian Dollar against
the US Dollar is 1.0250-1.0350
Today's expected range for the Canadian Dollar against
the Euro is 1.2840-1.2975
Today's expected range for the Canadian Dollar against
Sterling is 1.5980-1.6100
The US Dollar is stronger to start the day, comments
from billionaire hedge fund owner George Soros stating that failure of the EU
Summit this week to solve the regions financial crisis will lead to a breakup
of the Union has driven the Euro much lower. Movement on comments from such an
private influential figure show just how nervous the Euro market is. The currency
markets for the remainder of the week will be focused on the EU summit (June 28-29th)
and also the Spanish and Italian bond auctions set for tomorrow, if these countries
are forced to pay higher interest rates to borrow funds looks for the Euro to
start trading lower again.
The Canadian dollar is still trading in the 1.0200 to 1.0300
range and with further weakness in the Euro, USD.CAD should push higher above
the 1.0300 level this morning, the fact that North American equity markets will
all be much lower today should also help push USD.CAD above the top end of the recent
range.
Up today we get some housing numbers out of the USA
but for the most part currency traders will get their direction from the equity
markets and with it looking like a dismal day on Wall Street and Toronto, the
US Dollar should remain bid all day.
Have a great week
Mike
GFX
Morning Currency Rates
|
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Monday June 25, 2012
|
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| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 1.029 | 1.0274 | |||||
| CAD/USD | 0.9718 | 0.9733 | |||||
| EUR/USD | 1.2478 | 1.2551 | |||||
| EUR/CAD | 1.2841 | 1.2898 | |||||
| STG/CAD | 1.5998 | 1.6035 | |||||
| AUD/CAD | 1.0281 | 1.0318 | |||||
| CAD/JPY | 77.57 | 78.12 | |||||
| CAD/CHF | 0.9347 | 0.9304 | |||||
| CAD/HKD | 7.5341 | 7.5439 | |||||
| CAD/CNY | 6.1808 | 6.1916 | |||||
| CAD/MXN | 13.5356 | 13.4967 | |||||
| Commodities | |||||||
| Gold | $1,568 | $1,569 | |||||
| OIL | $79.01 | $78.63 | |||||
| Option Volatility | |||||||
| Canada | |||||||
| O/N | 11.74% | 9.65% | |||||
| 1 Week | 9.72% | 10.17% | |||||
| 1 Month | 9.40% | 9.55% | |||||
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