Today's expected range
for the Canadian Dollar against the US Dollar is 1.0850-1.0900
Today's expected range
for the Canadian Dollar against the Euro is 1.4550-1.4600
Today's expected range
for the Canadian Dollar is 1.8190-18240
The US Dollar is for
the most part unchanged to start the new week. The Euro is unchanged from
Friday's close but Sterling was a little stronger as Bank of England Governor
Mark Carney was playing the interest rate game on the weekend. In an interview
he stated that while he was worried about the lack of wage growth in the UK, he
only needed the expectation of an improvement in wages before increasing interest
rates, Sterling buyers jumped on this comment and reversed the recent trend of
a weak Sterling.
The Canadian Dollar
had a quiet night against its US counterpart as it settles in from Friday's
revised Employment report and it certainly looks like it wants to range trade
for the next little while.
This week’s economic front will be dominated by inflation data, The US report is due to be released on Tuesday and the Canadian report is to be released on Friday. Also this week US Federal Reserve Chairperson Janet Yellen speaks at the Jackson Hole yearly financial summit and the financial markets will be looking for any comments on the US economic recovery and specifically on interest rate hikes.
Nothing of note on the
calendar for today so look for USD.CAD to range trade with possibly a further small
appreciation of the Loonie.
Have a great week
Mike
GFX
Morning Currency Rates
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 1.0884 | 1.0892 | |||||
| CAD/USD | 0.9188 | 0.9181 | |||||
| EUR/USD | 1.3384 | 1.3373 | |||||
| EUR/CAD | 1.457 | 1.6687 | |||||
| STG/CAD | 1.8204 | 1.8179 | |||||
| AUD/CAD | 1.0145 | 1.0154 | |||||
| CAD/JPY | 94.11 | 94.14 | |||||
| CAD/CHF | 0.8307 | 0.8313 | |||||
| CAD/HKD | 7.0995 | 7.0958 | |||||
| CAD/CNY | 5.6442 | 5.6412 | |||||
| CAD/MXN | 13.0853 | 12.0294 | |||||
| Commodities | |||||||
| Gold | $1,302.00 | $1,314.00 | |||||
| OIL | $96.37 | $95.55 | |||||
| US DOLLAR INDEX | |||||||
| P.CLOSE | 81.49 | 81.64 | |||||
| OPEN | 81.46 | 81.55 | |||||
| US 10YR YIELD | 2.36% | 2.39% | |||||
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