Today's expected range
for the Canadian Dollar against the US Dollar is 1.0720-1.0770
Today's expected range
for the Canadian Dollar against the Euro is 1.4510-1.4560
Today's expected range
foe the Canadian Dollar against Sterling is 1.8320-1.8370
The US Dollar is
unchanged from our close on Friday, the currency markets are for the most part
ignoring the geo-political events that are unfolding in Ukraine and Gaza, equity
markets on the other hand are quite nervous and looking very vulnerable. The
only currency movement of note last night was the New Zealand Dollar which
jumped against the Greenback, it is widely expected that the Reserve Bank of New
Zealand will increase interest rates on Wednesday (NZ time) to 3.50% the first
of major Western economies to do so.
A very quiet overnight
session for the Canadian Dollar as USD.CAD is basically where we left it on
Friday, even EURO.CAD and GBP.CAD are unchanged from Friday’s close.
Up this week the highlight
of economic activity will be the release of the Bank of England policy minutes
on Wednesday, currency traders will be looking for any hints of future interest
rates hikes coming down the pipeline in the UK, the only Canadian data of note will
be the Retail Sales report for May on Wednesday and in the US we get the
inflation report on Tuesday. With nothing on the calendar today so unless we
get some further concerning news out of Ukraine I would expect USD.CAD to remain
in a muted trading range.
Have a great week
Mike
GFX
Morning Currency Rates
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 1.0744 | 1.0746 | |||||
| CAD/USD | 0.9307 | 0.9306 | |||||
| EUR/USD | 1.352 | 1.352 | |||||
| EUR/CAD | 1.4529 | 1.4531 | |||||
| STG/CAD | 1.8355 | 1.8376 | |||||
| AUD/CAD | 1.0077 | 1.0085 | |||||
| CAD/JPY | 94.26 | 94.29 | |||||
| CAD/CHF | 0.8357 | 0.8355 | |||||
| CAD/HKD | 7.1926 | 7.1916 | |||||
| CAD/CNY | 5.776 | 5.7759 | |||||
| CAD/MXN | 12.0846 | 12.0895 | |||||
| Commodities | |||||||
| Gold | $1,315.00 | $1,312.00 | |||||
| OIL | $102.96 | $103.50 | |||||
| US DOLLAR INDEX | |||||||
| P.CLOSE | 80.61 | 80.5 | |||||
| OPEN | 80.56 | 80.53 | |||||
| US 10YR YIELD | 2.48% | 2.48% | |||||
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