The US Dollar index is marginally weaker this morning.
Today's expected range for the Canadian Dollar against the US Dollar is 1.3100-1.3200
Today's expected range for the Canadian Dollar against the Euro 1.5600- 1.5700
Today's expected range for the Canadian Dollar against Sterling is 1.6900-1.7000
The US Dollar index is marginally weaker this morning as currency markets await the update from the US Federal Reserve tomorrow. Ahead of that report Brexit remains a hot button item as the UK Parliament supported Johnson's plan to break the Withdrawal Agreement with the EU, it still has two more readings in Parliament but it's passage will make a no-deal Brexit more likely.
Stocks are pointing higher once again as there was positive news on the vaccine front out of China where they said every "ordinary Chinese" will have a vaccine shot by November. Most trials in the US and UK are also showing early promise that there will be a vaccine before the end of the year.
The Canadian Dollar continues to range trade and opens the day right in the middle of the recent range at 1.3150 (0.7605) and most likely won't have a big move until we hear from the Fed tomorrow.
With just some secondary data on tap for today we don't look for much US movement and markets will continue to get ready for the Federal Reserve announcement tomorrow.
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Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.3550-1.3650
Euro 1.4600-1.4700
Sterling 1.7050-1.7150
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.4250-1.4490
Euro 1.5500-1.5710
Sterling 1.8520-1.8740
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.3300-1.3400
Euro 1.4350-1.4450
Sterling 1.6750-1.6850
