Holiday Market Trends: USD Strength Amid Uncertainty

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.4300-1.4500

Euro                 1.4870-1.5080

Sterling            1.7920-1.8140

WTI Oil (opening level) $69.15

The CAD is opening at 1.4406 (0.6941).

How exciting are the holidays? For children, it’s the thrill of unwrapping a gift addressed just to them. For parents, it’s the joy of seeing their love and care reflected in the smiles of those who receive their thoughtful presents. The holidays remind us to connect, share, and appreciate the world around us. Taking a moment to reflect on our blessings can put life’s challenges into perspective.

Over the weekend, I came across a comparison of certain leadership styles to Scrooge from A Christmas Carol. It highlighted the importance of governance and decision-making that compel nations to reevaluate their priorities. Discussions about trade, borders, and policies have sparked a deeper understanding of strengths and challenges, encouraging thoughtful debate on our positions.

As we move into the next few weeks, uncertainty is likely to persist, which tends to make markets uneasy. A stronger USD remains the global trading bias, and this trend may hold steady through the holiday season.