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 …