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