Good afternoon,
Below are the current daily levels vs.
the other major currencies.
USD.CAD 1.0625 up 0.42%
GBP.CAD 1.7396 up 0.59%
EUR.CAD 1.4440up 0.29%
We see the euro headed for a third monthly gain
versus the dollar and yen after data showed inflation in the region rose more
this month than forecast, fueling bets the European Central Bank will refrain
from further stimulus. The EURO is now
up 0.01% against the US and up 0.14% against the yen.
The GBP rose
to the strongest since August 2011 against the dollar as reports showing U.K. mortgage approvals and house prices both increased added to signs Britain’s recovery is gathering momentum.
The GBP is now up 0.23% against the US dollar.
It was
announced today that the Canadian economic activity expanded 0.3% on a monthly
basis during September. At the same time, the GDP expanded at an annual pace of
2.7%, surpassing estimates at 2.5% and the previous 1.6% expansion. The Canadian dollar briefly gained momentum after
the announcement, but has since depreciated 0.42% against the US due to
month-end demand.
The overnight expected range for the
Canadian dollar against the USD dollar 1.0560-1.0660
The overnight expected range for the
Canadian dollar against the Euro is 1.4390-1.4490
The overnight expected range for the
Canadian dollar against the Sterling is 1.7340-1.7440
Have a great weekend and enjoy Black
Friday shopping!
Barbara
Barbara Friedman | GFX Partners Inc |Currency Advisor
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