Today’s
expected range for the Canadian Dollar against the US dollar is 1.0240-1.0320
Today’s
expected range for the Canadian Dollar against the Euro is 1.3265-1.3340
Today’s
expected range for the Canadian Dollar against Sterling is 1.5340-1.5400
The
US Dollar is marginally stronger this morning in very quiet FX markets.
EURO.USD has dropped to trade at 1.2930 as reports coming out of EU meetings
that France Spain ad Portugal may be extended more time to bring down their deficits
have weighed on the Euro. Yen is weaker this morning as it looks like the
government candidate for the Bank of Japan will pass his nomination and in
Australia the Aussie Dollar is stronger as better than expected employment numbers
were released, overall a very quiet night with more strength on the cards for
the US Dollar.
It
certainly looks like the Canadian Dollar took advantage of the March Break and
gone on holiday as trading in the Loonie has been very quiet this week. USD.CAD
continues to trade back and forth between 1.0250 and 1.0280 with no real signs of it breaking out to
either side. Up today we do get some secondary data but I don’t expect it to
have much effect on the Loonie, currency trading seems to be focused on the
Euro and as the Euro get weaker against the USD the Loonie is picking up some strength
against the Euro but is stagnate against the USD. It may be next week before we
see some significant movement in the Canadian Dollar against the Greenback.
Have
a great day
Mike
GFX
Morning Currency Rates
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 1.0272 | 1.0272 | |||||
| CAD/USD | 0.9735 | 0.9735 | |||||
| EUR/USD | 1.2932 | 1.3004 | |||||
| EUR/CAD | 1.3285 | 1.3362 | |||||
| STG/CAD | 1.5354 | 1.536 | |||||
| AUD/CAD | 1.0631 | 1.0585 | |||||
| CAD/JPY | 93.76 | 93.96 | |||||
| CAD/CHF | 0.9287 | 0.922 | |||||
| CAD/HKD | 7.5503 | 7.5509 | |||||
| CAD/CNY | 6.0515 | 6.0503 | |||||
| CAD/MXN | 12.0637 | 12.103 | |||||
| Commodities | |||||||
| Gold | $1,585.15 | $1,595.80 | |||||
| OIL | $92.58 | $92.87 | |||||
| Option Volatility | |||||||
| Canada | |||||||
| O/N | 8.56% | ||||||
| 1 Week | 6.07% | ||||||
| 1 Month | 6.25% | ||||||
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