Today's
expected range for the Canadian Dollar against the US Dollar is .9820-.9890
Today's
expected range for the Canadian Dollar against the Euro is 1.2840-1.2920
Today's
expected range for the Canadian Dollar against Sterling is 1.5900-1.5970
The
US Dollar is marginally weaker this morning as the expectation by investors
that the Federal Reserve will this afternoon announce further quantative easing
to help boost the US economy. Overall it was a very quiet night (despite North
Korea firing a rocket into orbit) as currency traders await the announcement
from the Fed this afternoon.
The
Japanese Yen reached an 8 month low against the US Dollar as the expectation
that the December 16th elections will result in an opposition
victory and a new round of stimulus measures in the world’s third largest
economy.
The
Canadian dollar is unchanged in overnight trading as it too sits and awaits the
Fed announcement. Markets are expecting another $45 Billion per month in Fed
purchases of mortgage securities to be announced, such a move should be equity
positive and US Dollar negative, we could easily see USD.CAD break below the
.9850 level at some point.
Have
a great day
Mike
GFX
Morning Currency Rates
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 0.9853 | 0.9872 | |||||
| CAD/USD | 1.0147 | 1.0128 | |||||
| EUR/USD | 1.0327 | 1.2993 | |||||
| EUR/CAD | 1.2837 | 1.2829 | |||||
| STG/CAD | 1.5908 | 1.5889 | |||||
| AUD/CAD | 1.0392 | 1.0359 | |||||
| CAD/JPY | 84.05 | 83.51 | |||||
| CAD/CHF | 0.9437 | 0.9437 | |||||
| CAD/HKD | 7.844 | 7.8285 | |||||
| CAD/CNY | 6.3415 | 6.3288 | |||||
| CAD/MXN | 12.9321 | ||||||
| Commodities | |||||||
| Gold | $1,715 | $1,713 | |||||
| OIL | $86.28 | $86.02 | |||||
| Option Volatility | |||||||
| Canada | |||||||
| O/N | 7.48% | 6.50% | |||||
| 1 Week | 5.16% | 5.20% | |||||
| 1 Month | 5.08% | 5.10% | |||||
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