GFX Morning FX Commentary

Good Morning,

Today's expected range for the Canadian Dollar against the US Dollar is 1.0940-1.0990

Today's expected range for the Canadian Dollar against the Euro is 1.4460-1.4510

Today's expected range for the Canadian Dollar against Sterling is 1.8170-1.8220

The US Dollar is marginally weaker this morning as currency traders take‎ some profit from the recent run of the Greenback ahead of today's US data. EURO.USD did touch a new 11-month low before pulling back and in Japan the Yen was stronger on the safe haven effect ahead of a planned meeting between Russian President Putin and Ukrainian President Poroshenko.

The Canadian Dollar traded weaker yesterday towards the upper end of our recent range, it did recover slightly last night on the weaker US Dollar but certainly if we get very strong data today out of the US then I would think USD.CAD is set for a breakout higher.

Up today we get US Durable Goods, Consumer Confidence and Richmond Fed Business Index, as I mentioned strong US data should give USD.CAD a push higher and if the data disappoints look for USD.CAD to drop back towards the recent lows.

Have a great day

Mike

GFX Morning Currency Rates
Currencies	7:00am Today's Opening				Yesterday's Opening
USD/CAD		1.0962			1.095
CAD/USD		0.9122			0.9132
EUR/USD		1.3202			1.3199
EUR/CAD		1.4474			1.4456
STG/CAD		1.8169			1.8172
AUD/CAD		1.0213			1.0199
CAD/JPY		94.71			94.85
CAD/CHF		0.8345			0.836
CAD/HKD		7.0475			7.0557
CAD/CNY		5.6121			5.6185
CAD/MXN		11.9608			11.9739
Commodities
Gold		$1,288.70			$1,277.80
OIL		$93.56			$93.86
US DOLLAR INDEX
P.CLOSE		82.6			82.3
OPEN		82.56			82.53
US 10YR YIELD		2.37%			2.38%