US Dollar index is a little weaker before the Holidays

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

US Dollar         1.2800-1.2900

Euro                 1.5600-1.5700

Sterling            1.7400-1.7500

The US Dollar index is marginally weaker this morning as it appears that a Brexit deal announcement is imminent after the UK gave some ground on fishing rights during last minute negotiations during the night. GBP.USD has jumped to a high of 1.3585 and GBP.CAD reached 1.7470 on the reports, I would expect that the Pound will actually jump some more once a final deal is announced and ratified by the EU and British Parliament.

The Canadian Dollar picked up some small gains against most currencies with the obvious exception the British Pound. USD.CAD is still range bound and opens the day at the 1.2840 (0.7788) level holding onto most of but not extending gains that were recorded earlier in the month. With the holidays now upon is I don't expect much of a range until later next week when the markets will have a clearer picture of what the Brexit deal looks like and we will see if the US stimulus program is signed by Trump and put in place.