Today's expected range for the Canadian Dollar against the US Dollar is 1.1060-1.1130
Today's expected range
for the Canadian Dollar against the Euro is 1.4300-1.4360
Today's expected range
for the Canadian Dollar against Sterling is 1.8000-1.8060
The US Dollar is
marginally stronger this morning as the prospects of US interest rate hikes
early in 2015 continue to push the Greenback higher, the big movers overnight
where the Aussie Dollar and the Swedish Krona. In Australia the Dollar fell
below the .9000 cent level for the first time since March, weak data out of
China pushed the Aussie lower and in Sweden yesterday's National election
produced a minority parliament with the anti-immigration Social Democrat party
picking up increased support.
The Canadian Dollar is
at its weakest level since the first quarter as USD.CAD gets set to test the
1.1100 level, the Loonie also lost some strength against the Euro and Sterling
as both of those currencies were quiet overnight.
Up today we have data
out of the US including capacity Utilization, Empire Manufacturing and Industrial Production so we should have a
busy morning . Later in the week we get lots of inflation data out of Canada
and the US and the Scottish independence
vote on Wednesday. In addition the highlight of the week will be Thursday when the
Federal Reserve announces on interest rates, markets will be looking for further
confirmation of interest rate hike sin 2015. I would expect volatility to hold
in and we should see a test of 1.1100 at some point this week if not today.
Have a great week
Mike
GFX
Morning Currency Rates
|
|||||||
| Currencies | 7:00am Today's Opening | Yesterday's Opening | |||||
| USD/CAD | 1.1084 | 1.1046 | |||||
| CAD/USD | 0.9053 | ||||||
| EUR/USD | 1.2921 | 1.2927 | |||||
| EUR/CAD | 1.4322 | 1.4277 | |||||
| STG/CAD | 1.8006 | 1.7954 | |||||
| AUD/CAD | 1.0003 | 1.0000 | |||||
| CAD/JPY | 96.76 | 96.9900 | |||||
| CAD/CHF | 0.8445 | 0.8462 | |||||
| CAD/HKD | 6.9728 | 6.9935 | |||||
| CAD/CNY | 5.5421 | 5.5521 | |||||
| CAD/MXN | 11.9517 | 11.9927 | |||||
| Commodities | |||||||
| Gold | $1,235.00 | $1,238.00 | |||||
| OIL | $91.51 | $93.14 | |||||
| US DOLLAR INDEX | |||||||
| P.CLOSE | 84.23 | 84.31 | |||||
| OPEN | 84.48 | 84.31 | |||||
| US 10YR YIELD | 2.60% | 2.61% | |||||
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