Today’s
expected range for the Canadian Dollar against the US Dollar is .9930-1.0000
Today’s
expected range for the Canadian Dollar against the Euro is 1.2820-1.2870
Today’s
expected range for the Canadian Dollar against Sterling is 1.5880-1.5940
A
very happy Thanksgiving to all our American readers.
The
US Dollar is marginally weaker this morning as the Euro jumped to a 2 day high
on reports of better than expected Euro-Zone services and manufacturing data
and also better than expected Chinese manufacturing data. EURO.USD reached a
high of 1.2880 where we are presently trading, Sterling also traded higher as
GBP.USD touched 1.5975 but in early North American trading it has given back
some gains.
The
Canadian Dollar is virtually unchanged from our Toronto close yesterday, I would
have thought that the Loonie would have gotten a bit stronger on the positive
Chinese manufacturing data but the Loonie is being ignored by currency traders
at the moment, it must be because everyone around the world is getting excited
by the 100th Grey Cup in Toronto on Sunday.
With
the US markets being closed I do not expect much of a trading day but we do get
the release of the Canadian Retail Sales report for September, if that number
disappoints then we may see USD.CAD rise dramatically in thin trading conditions,
but a more likely scenario is that the number comes in as expected and the
Loonie does not move a great deal today.
Have
a great day and don’t eat too much turkey.
Mike
GFX
Morning Currency Rates
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 0.9965 | 0.9965 | |||||
| CAD/USD | 1.0035 | 1.0035 | |||||
| EUR/USD | 1.2874 | 1.2804 | |||||
| EUR/CAD | 1.2831 | 1.2761 | |||||
| STG/CAD | 1.59 | 1.587 | |||||
| AUD/CAD | 1.0333 | 1.0332 | |||||
| CAD/JPY | 82.88 | 82.6 | |||||
| CAD/CHF | 0.9385 | 0.9432 | |||||
| CAD/HKD | 7.7574 | 7.7559 | |||||
| CAD/CNY | 6.2483 | 6.2491 | |||||
| CAD/MXN | 13.0594 | 13.06 | |||||
| Commodities | |||||||
| Gold | $1,730 | $1,726 | |||||
| OIL | $87.49 | $87.50 | |||||
| Option Volatility | |||||||
| Canada | |||||||
| O/N | 5.75% | 5.96% | |||||
| 1 Week | 4.85% | 4.85% | |||||
| 1 Month | 5.50% | 5.56% | |||||
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