Good
afternoon,
Below are
the current daily levels vs. the other major currencies.
USD.CAD
1.0632 up 0.17%
GBP.CAD
1.7403 up 0.16%
EUR.CAD
1.4405 down 0.15%
The USD has
risen as the Institute for Supply Management’s factory index rose to 57.3 in
November from 56.4 a month earlier, as shown by the, Tempe, Arizona-based
group’s report showed today.
Sterling has
reached the strongest since August 2011 versus the dollar after separate data
showed British house prices increased in all regions last month for the first
time in more than six years. The Bank of England has said that officials may
consider raising interest rates sooner than previously forecast as the recovery
gains pace.
The afternoon session is very quiet. It looks like the
Canadian dollar is consolidating after the sell off from overnight. The
market focus is shifting to the BOC policy announcement Wednesday with no
economic releases tomorrow.
The overnight
expected range for the Canadian dollar against the USD dollar 1.0600-1.0650
The
overnight expected range for the Canadian dollar against the Euro is
1.4370-1.4440
The
overnight expected range for the Canadian dollar against Sterling is
1.7380-1.7450
Have a great
afternoon,
Bethlehem Belte| GFX Partners Inc I
Currency Advisor
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