The CAD is opening the North American session just below a fresh 2019 high hit during Asian trade. No news to report on today with the next release coming in tomorrow’s employment data. Movement is expected to be limited with the American 4th of July bank holiday today.
The USD is quiet with today’s bank holiday and little trade or movement is expected. Tomorrow’s employment and earnings data headline the AM news out of the US.
The Euro has continued its consolidation well within the range we have seen over the past week. Eurozone financial conditions have been supportive as of late and the stabilization of PMI numbers will be important for policy maker’s growth outlook.
Equities are mostly up this morning: the Dow up 0.67%, the S&P up 0.77%, NASDAQ up 0.75% and the TSX down 0.08%. Crude Oil is down 0.52% this morning (57.04) while Gold is also down 0.25% ($1,415.22).