Canadian dollar is basically unchanged, so are the markets

By Dragon Tehrani | Sep 18, 2020

Markets are generally in a holding pattern, traders are waiting to see if there is a second wave of coronavirus cases coming, also they are keeping an eye on the consumer and whether they are starting to fatigue from pandemic. At this conjuncture cases are rising but to levels that would not set off a second lockdown, government officials are trying to ensure that this does not happen. With the exception of the NASDAQ most markets are either up or within half a percent from their respective closes.

Expect a narrow range on the USDCAD unless equity markets take a nosedive but this looks unlikely.

Currently             Close                     Range

USDCAD               1.3176                   1.3167                   1.3137-1.3201

EURCAD               1.5625                   1.5600                   1.5578-1.5649

GBPCAD               1.7071                   1.7082                   1.7030-1.7120

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