Canadian dollar is still weak

By MoneyWay | Feb 6, 2019

The USD rallied against most currencies as equities took a turn downwards this morning. This is the fifth day in a row that the USD has strengthen against most currencies, after last night’s State of the Union speech, investors still remain nervous as to whether Washington can come to an agreement to keep the federal government open. The impeding deadline is only ten days away and also the President announced that the U.S. and China will have further meetings next week adding even more anxiety to market conditions.

Currently             Close                     Range

USDCAD               1.3183                   1.3126                   1.3125-1.3208   

EURCAD               1.5008                   1.4970                   1.4970-1.5039

GBPCAD               1.7088                   1.6992                   1.6984-1.7112

                                                                                                Prior                      Actual

CA:   Ivey Purchasing Mng’s Index January             48.2                        49.5

US:   Petroleum Status Report wk2/1

                Crude Oil Inventories                                     0.9M Brls             1.3M Brls

                Gasoline                                                           -2.2M Brls             0.5M Brls

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