Today's expected range for the Canadian Dollar against the US
Dollar is 1.0125-1.0200
Today's expected range for the Canadian Dollar against the Euro is
1.3520-1.3600
Today's expected range for the Canadian Dollar against Sterling is
1.5940-1.6020
The Us Dollar for the most part is unchanged where we closed it on
Friday, with the G8 meeting starting today in Northern Ireland and the US
Federal Reserve meeting tomorrow there is enough there to make currency traders
nervous and keep their cards close to their vest. Even the Yen had a quiet
night as it did weaken a bit against the US Dollar but it seems to have
stabilized for the moment as it waits for the Bank of Japan to react to its
recent bout of strength.
In the UK the Pound is a little higher against the USD as UK home
prices rose for the sixth straight month. If you can get a big rebound in UK housing
market then you may be able to see further gains in the overall UK economy, but
for now it is nice to see some encouraging news coming out of the UK, it might
make Carney's job a little easier.
The Canadian Dollar had a very quiet night as it still trades in
the lower end of the 1.0150 to 1.0250 trading range. Up today we get the
Existing Home sales report for May and I will be interested to see just what is
happening in the Canadian Housing market. So many of the "pundits"
have been calling for the housing bubble to burst and so far we just have not
seen it, more and more financial markets are starting to pay attention to the
housing market so we may get some added volatility this morning.
Have a great day
Mike
GFX
Morning Currency Rates
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 1.0156 | 1.0171 | |||||
| CAD/USD | 0.9846 | 0.9832 | |||||
| EUR/USD | 1.3339 | 1.3317 | |||||
| EUR/CAD | 1.355 | 1.3545 | |||||
| STG/CAD | 1.5955 | 1.5906 | |||||
| AUD/CAD | 0.9768 | 0.9779 | |||||
| CAD/JPY | 0.9328 | 93.42 | |||||
| CAD/CHF | 0.9087 | 0.909 | |||||
| CAD/HKD | 7.6178 | 7.6114 | |||||
| CAD/CNY | 6.0279 | 6.026 | |||||
| CAD/MXN | 12.498 | 12.6618 | |||||
| Commodities | |||||||
| Gold | $1,385.00 | $1,380.00 | |||||
| OIL | $98.40 | $97.00 | |||||
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