Friday, January 26, 2018
The CAD has had a bit of a rollercoaster morning bouncing about half a cent up and down since the North American open. CPI data disappointed coming in at -0.4% vs. the expected -0.3%. Core CPI fell by 0.5% compared to last month’s -0.1%.
The USD is struggling again and down against most of the G10 currencies. News disappointed with GDP numbers falling short at 2.6% while Core Durable Goods Orders were in line at 0.6%. Advance GDP Price index beat expectations at 2.4% and Durable Goods Orders came in at 2.9%.
The EUR is seeing slight strength gaining ground in an environment of USD weakness. Central bank policy remains the focus for many investors and the potential for upcoming tightening in the Eurozone. Further strength is expected at least for the near term for the EUR.
Equities are up across the board this morning: the Dow up 0.36%, the S&P up 0.48%, the NASDAQ up 0.65% and the TSX up 0.07%. Crude Oil is up 0.78% this morning ($66.02) while Gold is also up 0.37% ($1,353.19).
To speak with a Foreign Exchange Specialist, call 1.866.752.7135. To get a no obligation quote on your foreign currency needs, complete the form below and a Foreign Exchange Specialist servicing your region will contact you within the business hour.