Good
Morning
Today’s
suggested range for the Canadian dollar against the US Dollar 1.0025 – 1.0100
Today’s
suggested range for the Canadian dollar against the Euro is 1.3480 – 1.3580
Today’s
suggested range for the Canadian dollar against Sterling is 1.5675 – 1.5775
Trading
from overnight still has the Japanese Yen weaker along with the British
Pound with the Euro gaining in
the crosses, while the commodity based currencies remain range bound. The G-7
statement has pledged
they will not use currency devaluation as a tool for stronger economic growth.
Also the G-7 states that
Japan isn’t targeting exchange rates with its monetary policy (believe what you
want). Whether the
motive of some countries is in fact to devalue as long as the process is
orderly central banks will not
normally intervene. The British Pound has fallen to a six month low against the
greenback as traders position
themselves ahead of a Bank of England report tomorrow which could revise the
growth outlook.
Have a
great day!
Rich
GFX Morning Currency Rates
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Tuesday February 12, 2013
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Currencies
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7:00am Today's Opening
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Yesterday's Opening
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USD/CAD
|
1.0069
|
1.0071
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CAD/USD
|
0.9931
|
0.9929
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EUR/USD
|
1.3447
|
1.3379
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EUR/CAD
|
1.3541
|
1.3477
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STG/CAD
|
1.5716
|
1.58
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AUD/CAD
|
1.0326
|
1.0338
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CAD/JPY
|
0.9351
|
92.67
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CAD/CHF
|
0.9104
|
0.9114
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CAD/HKD
|
7.6814
|
7.6791
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CAD/CNY
|
6.1877
|
6.186
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CAD/MXN
|
12.677
|
12.7128
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Commodities
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Gold
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$1,646
|
$1,667
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OIL
|
$97.29
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$95.37
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Option Volatility
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Canada
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O/N
|
7.00%
|
5.75%
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1 Week
|
6.59%
|
5.50%
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1 Month
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6.13%
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5.50%
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