Below is an interesting perspective. The white line is the current spot price. The orange line is the consensus of the analyst for the end of September and the red…
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Expected USD/CAD Range: 1.026 – 1.033
Recent Developments: The Canadian Dollar continues to hover at one month highs against the greenback. Data from the US remains mixed with housing numbers yesterday morning very strong and jobless figures in line this morning.
The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …
Expected USD/CAD Range: 1.026 – 1.033
Recent Developments: The Canadian Dollar continues to hover at one month highs against the greenback. The North American economic calendar is light with the only notable item being US New Home Sales to be released at 10 this morning. After that the market will be focused on tomorrow’s US jobless figures. We expect little volatility for the day in the Loonie.
The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …
Expected USD/CAD Range: 1.028 – 1.035
Recent Developments: Strong retail sales figures in Canada and weaker than expected manufacturing figures in the US (all released this morning) have propelled the loonie to its strongest level in about a month. Other factors causing the short term strength are the recent strength in the price of gold as well as the market’s evolving view as to the expected timing of Fed tapering. The market is now focused on US jobs numbers out later this week.
The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …