The US dollar is weaker broadly this morning reflecting positive sentiment in global markets. That, combined with oil being up 2%, has led to the Canadian dollar being up by 0.3% against the US currency. Gold is down 4%, the biggest down move in gold in a long while. There is a lot of focus on inflation data from the US tomorrow. It is worth noting that despite a very big day up in equities, the US dollar index is only down 0.1%, perhaps indicating some exhaustion with the US dollar selling that has seen the currency decline steadily over the last few weeks.
