Today's
expected range for the Canadian Dollar against the US Dollar is 1.0100-1.0175
Today's
expected range for the Canadian Dollar against the Euro is 1.2700-1.2775
Today's
expected range for the Canadian Dollar against Sterling is 1.5810-1.5900
A
very happy 4th of July to all our American friends.
The
US Dollar is marginally stronger this morning as poorer than expected
manufacturing data out of Germany have pushed equity markets and the Euro
lower. With US markets closed for the day the markets will setup for tomorrow's
ECB and Bank of England interest rate announcement where the markets are
expecting an interest rate cut and further stimulus measures, a sure sign that
the central banks are concerned about their respective growth. A big boost in
stimulus should be positive for equity markets,
both Euro and Sterling and negative for the US Dollar.
The
Canadian Dollar had a very narrow overnight trading range and with the holiday
south of the border I am not expecting much activity today. The Loonie will continue
to be influenced by events outside the country and if we do see stimulus emerge
tomorrow from the continent then I would expect USD.CAD to drop further. This
morning the Canadian Federation of Independent Business released their confidence
survey and it reported that confidence among small and medium-businesses
continued to fall in June, a clear sign that our economy is being affected by
global events.
Have
a great day
Mike
GFX
Morning Currency Rates
|
|||||||
Tuesday July 4th,
2012
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 1.0128 | 1.0152 | |||||
| CAD/USD | 0.9874 | 0.985 | |||||
| EUR/USD | 1.2566 | 1.2577 | |||||
| EUR/CAD | 1.2729 | 1.2769 | |||||
| STG/CAD | 1.5847 | 1.5913 | |||||
| AUD/CAD | 1.0407 | 1.0415 | |||||
| CAD/JPY | 78.79 | 78.6 | |||||
| CAD/CHF | 0.9432 | 0.9404 | |||||
| CAD/HKD | 7.6486 | 7.6328 | |||||
| CAD/CNY | 6.348 | 6.353 | |||||
| CAD/MXN | 13.177 | ||||||
| Commodities | |||||||
| Gold | $1,617 | $1,609 | |||||
| OIL | $87.07 | $85.23 | |||||
| Option Volatility | |||||||
| Canada | |||||||
| O/N | 11.53% | 11.81% | |||||
| 1 Week | 9.04% | 9.25% | |||||
| 1 Month | 8.86% | 9.13% | |||||
Today's Economic Calendar
USA
None
CANADA
None
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