Equity markets are flat while the only major currency with a larger than normal trading range has been the GBP. The USD itself has been dropping to most currencies, the pound has fallen as trade talks between the EU and the UK continue today. There is some confusion as to who should visit who, for the negotiations, but the main concern between the two is fisheries, a level playing field and state aid. The GBP took the hit this morning as investors are unsure if these talks will go anywhere.
Expect a narrow range on the USDCAD.
Currently Close Range
USDCAD 1.2985 1.3013 1.2972-1.3024
EURCAD 1.5523 1.5501 1.5482-1.5531
GBPCAD 1.7269 1.7381 1.7275-1.7405
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