Today's
expected range for the Canadian Dollar against the US Dollar is .9890-.9960
Today's
expected range for the Canadian Dollar against the Euro is 1.3200-1.3260
Today's
expected range for the Canadian Dollar against Sterling is 1,5750-1.5820
The
US Dollar is unchanged from it close Friday as the holiday in the US has slowed
financial markets trading. In what activity that there was the Japanese Yen was
weaker as that country's Central Bank began a two day policy meeting where they
are under pressure to produce increased stimulus measures to weaken the value of the Yen and in the UK the
Pound stopped its slide as housing prices rose for the first time in three
months.
The
Canadian dollar had a very quiet overnight session and was so far not able to
recover from its weakness against the Greenback on Friday.
With
the US markets closed for the Martin Luther King holiday I would not expect
much movement for the Loonie today, but as trading conditions will be thin I
will be on guard for any sudden movements, some of the biggest moves that I
have witnessed for the Canadian Dollar in my 30 year career have been on US
Holiday's.
Have
a great week
Mike| GFX Morning Currency Rates | |||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 0.9928 | 0.9904 | |||||
| CAD/USD | 1.0072 | 1.0096 | |||||
| EUR/USD | 1.3312 | 1.3347 | |||||
| EUR/CAD | 1.3218 | 1.3221 | |||||
| STG/CAD | 1.5768 | 1.5785 | |||||
| AUD/CAD | 1.0447 | 1.0407 | |||||
| CAD/JPY | 90.12 | 90.66 | |||||
| CAD/CHF | 0.9379 | 0.9411 | |||||
| CAD/HKD | 7.7869 | 7.807 | |||||
| CAD/CNY | 6.2637 | 6.2758 | |||||
| CAD/MXN | 12.727 | 12.7365 | |||||
| Commodities | |||||||
| Gold | $1,688 | $1,690 | |||||
| OIL | $95.25 | $95.29 | |||||
| Option Volatility | |||||||
| Canada | |||||||
| O/N | 8.00% | 5.81% | |||||
| 1 Week | 5.99% | 6.23% | |||||
| 1 Month | 5.88% | 5.58% | |||||
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