In the last five days the best performers among the majors have been, in order, AUD, CAD, and NZD. How do you say “commodity currencies” on top in Aussie or…
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Expected USD/CAD Range: 1.032 – 1.037 Update: The Canadian dollar is mildly stronger this morning after a report out of the euro area indicated stronger than expected economic growth and…
Expected USD/CAD Range: 1.032 – 1.039 Update: US retail sale figures this morning increased for a fourth straight month and came in slightly above expectations (when measured ex-Autos). As a…
Expected USD/CAD Range: 1.029 – 1.035
Update: On Friday, the Canadian Dollar was strong despite a very weak jobs number, helped by strong commodity prices and the perception that the very weak jobs numbers was a blip on the data screen. There is little on the calendar in terms of economic news today and the market is looking at the retail sales data out of the US tomorrow for guidance. The announcement that Blackberry may be sold will not have an impact on the value of USD/CAD as the company is too small and at this point the possibility of a sale too uncertain.
The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …