Currency markets remain quiet

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

US Dollar         1.2250-1.2350

Euro                 1.4650-1.4750

Sterling            1.7100-1.7200

The US Dollar index is relatively flat to end the month of June as the financial markets start to get ready for Friday's US Employment report. Asian markets seemed to be especially quiet as a lot of countries in that region including Australia have imposed increased lockdowns as the number of Delta variant virus cases continues to grow. We will have to see what happens in North America when the weather gets colder in a few months.

The Canadian Dollar is a little weaker to start the week as it opens the day at the 1.2320 (0.8117) level. The Loonie is again range bound as it is seeing little activity, the price of oil had no bearing on the currency even as it jumped a little higher to a new year high of $74.40 a barrel. Look for the Loonie to remain steady ahead of Friday's US Jobs report.

Nothing on the calendar today so markets should remain quiet.