Today’s
expected range for the Canadian Dollar against the US Dollar is .9940-1.0040
Today’s
expected range for the Canadian Dollar against the Euro is 1.2940-1.3040
Today’s
expected range for the Canadian Dollar against Sterling is 1.6040-1.6140
The
US Dollar is weaker this morning as the Euro has jumped back above the 1.3000
level, this morning it was optimism that Portugal is going to pass their 2013
austerity budget and EU ministers have a conference call scheduled to discuss
the terms of the Greek bailout. Greece has been asking the EU for more time to
pay back the loans so hopefully an accommodation can be reached.
The
NYSE will return to operation this morning as it has to play catch up from the last
two days, I am not sure how many people will make it back to work as most buses
and all subways are still closed and will be for some time. Right now the
opening is pointing to a jump of 50 points, a positive day should push the US
Dollar lower.
The
Canadian Dollar had the rally that we were looking for and USD.CAD is now
firmly back below the 1.000 level, with the jump yesterday in the value of the Aussie
and Kiwi dollars it made sense that the Loonie should gain as well, it just took a day longer to
happen.
Canadian
Dollar trading will be dominated by the Canadian GDP report for August were we
are expecting an increase in economic activity of 0.2% which equates to a 1.7%
year over year growth rate, that is slight down from the July number. We also
get some secondary US economic data including the ADP employment report so with
the NYSE resuming operations we may see some enhanced volatility today.
Have
a great day
Mike
GFX
Morning Currency Rates
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 0.9967 | 1.0003 | |||||
| CAD/USD | 1.0033 | 0.9997 | |||||
| EUR/USD | 1.3005 | 1.2952 | |||||
| EUR/CAD | 1.2964 | 1.2957 | |||||
| STG/CAD | 1.6062 | 1.6065 | |||||
| AUD/CAD | 1.0334 | 1.035 | |||||
| CAD/JPY | 79.83 | 79.11 | |||||
| CAD/CHF | 0.9314 | 0.9322 | |||||
| CAD/HKD | 7.753 | 7.7255 | |||||
| CAD/CNY | 6.2574 | 6.241 | |||||
| CAD/MXN | 13.0826 | 13.0726 | |||||
| Commodities | |||||||
| Gold | $1,719 | $1,711 | |||||
| OIL | $86.32 | $85.54 | |||||
| Option Volatility | |||||||
| Canada | |||||||
| O/N | 9.27% | 9.58% | |||||
| 1 Week | 7.19% | 7.23% | |||||
| 1 Month | 6.65% | 7.00% | |||||
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