FX Blog

Daily Market Updates & FX News

FX Blog

Daily Market Updates & FX News

FX Blog

Daily Market Updates & FX News

Tuesday, November 27, 2018

 

The CAD is soft again and sliding even with a slight improvement in crude prices.  Again there is no fundamental news to report on, which is leaving overall movement to the typical drivers and the broader tone.  News is quiet until Thursday’s Current Account numbers are released in the AM.
 
The USD is mixed against the G10 currencies as investors continue to weigh on the ongoing effects of Trump’s tariffs.  News was disappointing across the board with second and first tier releases missing their respective forecasts.  HPI and the S&P/CS Composite HPI were both misses of 0.2%.  CB Consumer Confidence also fell short of its 136.2 expectation at 135.7.
 
The EUR is soft and is testing the low end of its recent range as the technical undertone continues to weigh on it.  Relative central bank policy with the US (FOMC meeting) as well as the UK’s Brexit vote hold significant risk over the next month.
 
Equities are mostly down this morning: the Dow down 0.25%, the S&P down 0.31%, NASDAQ up 0.02% and the TSX down 0.50%.  Crude Oil is up 1.18% this morning ($52.24) while Gold is down 0.60% ($1,215.10).

 

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