Today's expected range
for the Canadian Dollar against the US Dollar is 1.0790-1.0840
Today's expected range
for the Canadian Dollar against the Euro is 1.4520-1.4570
Today's expected range for the Canadian Dollar against Sterling is 1.8370-1.8420
The US Dollar is marginally weaker in quiet overnight trading conditions as the markets get ready for the US Federal Reserve interest rate announcement later this week. The Pound is at a one-month low against the Greenback as investors are questioning the meteoric rise of Sterling over the last year and worrying that perhaps the UK economy is not as strong as first thought, Sterling may continue to trade a little weaker over the short-term.
The Canadian Dollar
finally had some movement on Friday as it traded weaker throughout the day, it
was pretty much a non-event overnight so USD.CAD continues to look vulnerable
at the moment, I would think that we will stay at current levels until at least
the Federal Reserve meeting on Wednesday, the Canadian Dollar has been quite
resilient for some time so we may yet see a pullback lower but I still favour a
move higher for USD.CAD. US Dollar buyers need to exercise caution as the rate
may start to move away from them again.
Key events this week
include US Consumer Confidence on Tuesday, the Federal Reserve on Wednesday, US
Employment report on Friday and the Canadian GDP data on Thursday, we could have a
busy week.
Have a great week
Mike
GFX
Morning Currency Rates
|
|||||||
Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
USD/CAD | 1.0803 | 1.0756 | |||||
CAD/USD | 0.9237 | 0.9297 | |||||
EUR/USD | 1.3438 | 1.3448 | |||||
EUR/CAD | 1.452 | 1.4467 | |||||
STG/CAD | 1.8349 | 1.822 | |||||
AUD/CAD | 1.016 | 1.0116 | |||||
CAD/JPY | 94.24 | 94.68 | |||||
CAD/CHF | 0.8364 | 0.8397 | |||||
CAD/HKD | 7.1516 | 7.1836 | |||||
CAD/CNY | 5.7377 | 5.7529 | |||||
CAD/MXN | 12.978 | 12.0729 | |||||
Commodities | |||||||
Gold | $1,305.00 | $1,296.00 | |||||
OIL | $101.43 | $102.00 | |||||
US DOLLAR INDEX | |||||||
P.CLOSE | 81.03 | 80.87 | |||||
OPEN | 81.01 | 80.94 | |||||
US 10YR YIELD | 2.49% | 2.51% |
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