Today’s
expected range for the Canadian Dollar against the US Dollar is 1.0970-1.1050
Today's expected range for the Canadian Dollar against the Euro
is 1.5000-1.5075
Today's expected range for the Canadian Dollar against Sterling
is 1.8270-1.8350
The US Dollar is weaker this morning, it is trading at its
weakest level in weeks against the Euro as the currency market is expecting a
disappointing US Retail Sales report that may indicate a slowing US recovery.
Sterling is at its highest levels since May of 2011 as optimism continues to
grow about the UK recovery and the expectation that the Bank of England will
soon raise interest rates.
The Canadian Dollar is marginally weaker this morning as the
price of commodities fell overnight and the Australian Dollar fell dramatically
on poor employment data. The Loonie did lose a lot of ground to both the Euro
and Sterling as the strength in those currencies really hurt the Canadian
Dollar.
As mentioned above today we get the US Retail Sales report for
January and we are expecting a decline in sales of 0.2% from the previous
month. A very poor number may give USD.CAD the push it needs to break below
the 1.1000 level while a better than expected number should be positive for the
Greenback, either way we are expecting volatility to increase so make sure you
have your orders in ahead of the number at 08:30.
Have a great day
Mike
GFX
Morning Currency Rates
|
|||||||
Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
USD/CAD | 1.0994 | 1.0996 | |||||
CAD/USD | 0.9059 | 0.9094 | |||||
EUR/USD | 1.3662 | 1.3582 | |||||
EUR/CAD | 1.5023 | 1.4937 | |||||
STG/CAD | 1.8292 | 1.8178 | |||||
AUD/CAD | 0.9851 | 0.9941 | |||||
CAD/JPY | 92.69 | 92.95 | |||||
CAD/CHF | 0.8126 | 0.8189 | |||||
CAD/HKD | 7.0326 | 7.0309 | |||||
CAD/CNY | 5.5126 | 5.5135 | |||||
CAD/MXN | 12.1614 | 12.1072 | |||||
Commodities | |||||||
Gold | $1,293.00 | $1,287.00 | |||||
OIL | $99.68 | $100.41 | |||||
US DOLLAR INDEX | |||||||
P.CLOSE | 80.69 | 80.63 | |||||
OPEN | 80.33 | 80.74 | |||||
US 10YR YIELD | 2.75% | 2.74% |
No comments:
Post a Comment