Today's expected range
for the Canadian Dollar against the US Dollar is 1.1170-1.1230
Today's expected range
for the Canadian Dollar against the Euro is 1.5430-1.5480
Today's expected range
for the Canadian Dollar against Sterling is 1.8450-1.8520
The US Dollar is
marginally stronger this morning as the Euro has dropped off for the first time
in 3 days. The common currency fell in response to a poor German Business
confidence report but also because an EU official sated that a EURO.USD level
of 1.4000 will be seen as very bad for a lot of the region's smaller economies.
Once again we see verbal intervention as Central Bank's around the world try
and influence the value of their currencies.
In the UK the inflation
rate came in a little lower than expectation so further evidence that the Bank
of England will be under no pressure to raise interest rates any time soon.
Sterling for the most part was unchanged in overnight trading.
Nothing new to report
on the Loonie, the interbank rate continues to trade around the 1.1200 level as
it awaits the next big move, the Loonie is still feeling the effects of our own
Central Banks verbal intervention last week and it should remain relatively
weak over the foreseeable future.
Up today we get we get
a slew of US secondary data including Consumer Confidence at 10:00am, none of these
should dramatically change the value of USD.CAD so I look for range trading
back and forth around the 1.1200 inter-bank level and the day should be relatively quiet.
Have a great day
Mike
GFX
Morning Currency Rates
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 1.1203 | 1.1227 | |||||
| CAD/USD | 0.8926 | 0.8907 | |||||
| EUR/USD | 1.3815 | 1.3769 | |||||
| EUR/CAD | 1.5485 | 1.5461 | |||||
| STG/CAD | 1.8492 | 1.8516 | |||||
| AUD/CAD | 1.0249 | 1.0227 | |||||
| CAD/JPY | 91.22 | 91.2 | |||||
| CAD/CHF | 0.7874 | 0.7887 | |||||
| CAD/HKD | 6.9412 | 6.8884 | |||||
| CAD/CNY | 5.5246 | 5.5158 | |||||
| CAD/MXN | 11.7587 | 11.7752 | |||||
| Commodities | |||||||
| Gold | $1,315.00 | $1,324.00 | |||||
| OIL | $99.98 | $98.95 | |||||
| US DOLLAR INDEX | |||||||
| P.CLOSE | 79.98 | 80.11 | |||||
| OPEN | 80.02 | 80.27 | |||||
| US 10YR YIELD | 2.72% | 2.76% | |||||
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