GFX Currency Commentary: GFX Morning Commentary February 15th 2013

Friday 15 February 2013

Good Morning

Today’s suggested range for the Canadian dollar against the US Dollar is .9990 – 1.0040

Today’s suggested range for the Canadian dollar against the Euro is 1.3300 – 1.3400

Today’s suggested range for the Canadian dollar against Sterling is 1.5475 – 1.5575

The FX market is steady as the G-20 begins today in Moscow. Investors are closely

watching to see if an agreement results in finding common ground for currencies.

The Japanese Yen has been scrutinized for that countries policies directed at a

weaker Yen.

The Canadian dollar once again sidelined overnight and hovering just below parity

against its U.S. counterpart. The markets should remain choppy today as comments

surface from the G-20. Going into the long weekend for North America position

squaring will dominate trading with fixes at the London close and Canada noon rate.

The Dow futures are pointing slightly lower by 11 with most commodities weaker

overnight. The economic calendar in Canada starts off with manufacturing shipments

for December at 8:30am followed by existing home sales at 9:00am. In the U.S.

Empire manufacturing starts things off followed by foreign investment flows,

Industrial production, capacity utilization and finally Michigan Confidence.

Enjoy the long weekend!

Rich

Friday 15 February 2013