Today’s expected range for the Canadian Dollar against the US Dollar is 1.2450-1.2520
Today’s
expected range for the Canadian Dollar against the Euro is 1.4080-1.4150
Today’s
expected range for the Canadian Dollar against Sterling is 1.8860-1.8930
The
US Dollar is marginally weaker this morning as the New York markets gear up
again as the storm to end all storms fizzled out and came to very little. The
Euro got a bit of a jump this morning as the Swiss National Bank made the
comment that it is ready to start intervening in the FX markets to weaken the
Swiss Franc, that is all the markets need, the most notorious Central Bank in the world sticking their nose
back in the FX markets. In the UK GDP data for the 4th quarter came
in a little below expectation at an annualized rate of 2.7% in the 4th
quarter, Sterling got a little boost from this but still trades with a weak
bias.
The
Canadian Dollar traded weaker again last night and the USD.CAD rate had a quick
look above 1.2500 but it was not able to sustain the move, I would suspect that
it will get there at some point this week, there appears to be no end to the
weakness in the Canadian Dollar.
Up
today we have a slew of secondary US data, if the overall tone of the data is beneficial
for the US economy you should see the US Dollar push forward again today, the
market will use this data to look to the US Federal Reserve announcement tomorrow
to see if they are still planning an interest rate hike later this year.
Have
a great day
Mike|
GFX Morning Currency Rates
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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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4pm
close January 26, 2015
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USD/CAD
|
1.2473
|
1.2451
|
1.2454
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CAD/USD
|
0.8017
|
0.8031
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0.8030
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EUR/USD
|
1.1278
|
1.1235
|
1.1265
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EUR/CAD
|
1.407
|
1.399
|
1.4035
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STG/CAD
|
1.881
|
1.8704
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1.8790
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AUD/CAD
|
0.9904
|
0.9862
|
0.9866
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CAD/JPY
|
94.56
|
94.9
|
95.0400
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CAD/CHF
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0.7214
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0.7147
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0.7147
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CAD/HKD
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6.1929
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6.2024
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6.1997
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CAD/CNY
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5.0045
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5.0213
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5.0185
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CAD/MXN
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11.7024
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11.7716
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11.7636
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Commodities
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Gold
|
$1,281.00
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$1,282.50
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$1,280.00
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OIL
|
$45.01
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$44.89
|
$45.11
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US
DOLLAR INDEX
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OPEN
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94.76
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95.30
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94.9
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US
10YR YIELD
|
1.81%
|
1.79%
|
1.82%
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