Thursday, June 14, 2018
The CAD is struggling and down over half a percent since the overnight highs we saw last night. News was limited but disappointed nonetheless with NHPI data coming in at 0.0% vs. the expected 0.2%. Tomorrow’s Foreign Securities Purchases headline the AM news out of Canada.
The USD started the morning struggling against most of the G10 currencies but has since found its footing on some positive fundamental releases. Core Retail Sales as well as Retail Sales were both healthy beats of 0.4%. While Unemployment Claims were under the 223K forecast coming in at 218K.
The EUR is soft and down after the ECB meeting earlier this morning. Although a rollback of the current QE program was announced, a downgrade in the GDP outlook has started to weigh on the EUR.
Equities are up across the board this morning: the Dow up 0.09%, the S&P up 0.28%, NASDAQ up 0.64% and the TSX up 0.35%. Crude Oil is down 0.18% this morning ($66.52) while Gold is up 0.54% ($1,306.27).
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