Good Morning,
Today’s suggested range for
the Canadian dollar against the US is 1.1230 – 1.1280
The US dollar was mixed
overnight as investors are getting conflicting signals from the U.S. Federal
Reserve. Last week the stock market rallied strongly when Fed Plosser suggested
delaying the end of QE while Fed member Fischer yesterday supported a move to
higher interest rates despite recent market turmoil.
Both the European single
currency and the British pound lost some ground from our closing level ahead of
the important two day EU summit beginning on Thursday. The Euro was hit hardest
as the market speculates further stimulus in the form of bond purchases
are forthcoming.
The Canadian dollar rallied
overnight on better than expected growth data out of China which helped to give
commodities a boost translating into gains for the CAD. The CAD strength was
widespread gaining against the U.S., Europe and Asia currencies. The economic
calendar is sparse today in North America with the lone release being U.S.
existing home sales for September. The Dow futures are pointing higher by 85
which is CAD positive.
Have a great day!
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GFX Morning Currency Rates
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Tuesday October 21st 2014
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Currencies
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7:00am
Today's Opening
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Yesterday's
Opening
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USD/CAD
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1.1253
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1.1258
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CAD/USD
|
0.8886
|
0.8883
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EUR/USD
|
1.2762
|
1.2771
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EUR/CAD
|
1.4362
|
1.4381
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STG/CAD
|
1.8171
|
1.8156
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AUD/CAD
|
0.9906
|
0.9864
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CAD/JPY
|
94.91
|
95.01
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CAD/CHF
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0.84
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0.8384
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CAD/HKD
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6.8705
|
6.8676
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CAD/CNY
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5.4393
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5.4354
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CAD/MXN
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12.041
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12.0347
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Commodities
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Gold
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$1,248.00
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$1,242.00
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OIL
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$83.19
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$82.79
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US
DOLLAR INDEX
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P.CLOSE
|
84.97
|
85.19
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OPEN
|
85.14
|
85.13
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US
10YR YIELD
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2.20%
|
2.21%
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