Today's expected range for the Canadian Dollar against the US
Dollar
Today's expected range for the Canadian Dollar against the Euro
Today's expected range for the Canadian Dollar against Sterling
The US Dollar is marginally stronger this morning as currency
markets retrench ahead of the US Federal Reserve interest rate announcement
tomorrow. The Pound was weaker for most of the night but rebounded on some more
positive economic data, this time it was the UK housing market that showed a
better than expected rise in mortgage approvals, as long as the UK economy
remains on a strengthening foundation the Bank of England should hold back on
any further stimulus.
The other big currency mover last night was the Australian
Dollar which fell about 0.7% on reports by government officials that a
worsening trade picture will drive the currency lower.
The Canadian Dollar is unchanged against the US Dollar this
morning but it did recover a little against the Euro and Sterling, the Loonie still
remains under pressure against these currencies. Given the strong performances
by European currencies of late I don't see this situation changing in the near
future.
Up today we get a slew of economic data including the US Retail
Sales report for September and the October Consumer Confidence report, we also
get some secondary inflation data out of Canada so we could see a busy morning.
Overall the sentiment still remains for USD.CAD to move higher at some point
with pullbacks limited on the down side.
Have a great day
Mike
GFX
Morning Currency Rates
|
|||||||
Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
USD/CAD | 1.0432 | 1.0442 | |||||
CAD/USD | 0.9585 | 0.9576 | |||||
EUR/USD | 1.3758 | 1.3816 | |||||
EUR/CAD | 1.4352 | 1.4423 | |||||
STG/CAD | 1.6773 | 1.6922 | |||||
AUD/CAD | 0.9908 | 1.0037 | |||||
CAD/JPY | 93.61 | 93.46 | |||||
CAD/CHF | 0.8604 | 0.8557 | |||||
CAD/HKD | 7.4294 | 7.4235 | |||||
CAD/CNY | 5.8355 | 5.827 | |||||
CAD/MXN | 12.4162 | 12.5407 | |||||
Commodities | |||||||
Gold | $1,344.00 | $1,361.89 | |||||
OIL | $98.15 | $97.94 | |||||
US DOLLAR INDEX | |||||||
P.CLOSE | 79.4 | 79.34 | |||||
OPEN | 79.52 | 79.25 | |||||
US 10YR YIELD | 2.51% | 2.50% |
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