Today’s
expected range for the Canadian Dollar against the US Dollar is .9750-.9850
Today’s
expected range for the Canadian Dollar against the Euro is 1.2660-1.2750
Today’s
expected range for the Canadian Dollar against Sterling is 1.5675-1.5775
The
US Dollar is marginally weaker this morning
in very quiet trading conditions. There was lots going on last night and
this morning (IMF calling for a quicker creation of common EU banking
regulations, China reported better than expected trade numbers and falling
inflation, UK inflation was a little lower prompting the call for more Asset purchase
by the central bank and lots of comments about Greece leaving or never leaving
the EU) but none of these managed to capture the interest of the currency
markets interest. There is an EU summit at the end of this week which the
currency markets may wait for so we could be in for an overall quiet week on
the volatility front.
Nothing
new to report on the Canadian Dollar, we start our third week with USD.CAD
trading around the .9800 level with little on the horizon to get the Loonie exicited, up today we get the
release of the September Retail Sales and the Empire State (New York)
Manufacturing Index today which will most likely continue to confirm that a
modest recovery is underway in the US. Disappointing numbers will spook the
equity markets and you may see USD.CAD jump above the .9800 level, other than
that USD.CAD trading should remain
subdued.
Mike
GFX
Morning Currency Rates
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 0.9777 | 0.9777 | |||||
| CAD/USD | 1.0228 | 1.0228 | |||||
| EUR/USD | 1.2962 | 1.2963 | |||||
| EUR/CAD | 1.2675 | 1.2675 | |||||
| STG/CAD | 1.5699 | 1.5693 | |||||
| AUD/CAD | 1.0006 | 1.0021 | |||||
| CAD/JPY | 80.46 | 80.21 | |||||
| CAD/CHF | 0.9534 | 0.9535 | |||||
| CAD/HKD | 7.9048 | 7.9076 | |||||
| CAD/CNY | 6.4105 | 6.4068 | |||||
| CAD/MXN | 13.0998 | 13.1761 | |||||
| Commodities | |||||||
| Gold | $1,748 | $1,770 | |||||
| OIL | $91.57 | $92.17 | |||||
| Option Volatility | |||||||
| Canada | |||||||
| O/N | 9.35% | 6.72% | |||||
| 1 Week | 6.41% | 6.86% | |||||
| 1 Month | 6.61% | 6.72% | |||||
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