Initially equity markets were up slightly and then down slightly and have moved back into positive territory again. Markets are looking for some form of direction, and today’s economic data didn’t help coming in as expected. It is likely that overall conditions will stay range bound.
The USDCAD is following the same parameters and will stay between 1.2000-1.2100 for the rest of the week.
Currently* Close Range
USDCAD 1.2070 1.2039 1.2029-1.2078
EURCAD 1.4745 1.4704 1.4712-1.4780
GBPCAD 1.7050 1.7041 1.7027-1.7098
*Indicative Rates Only
US: New Home Sales April 917K 863K
Consumer Confidence May 117.5 117.2
Case-Shiller Home Price Index March M/M 1.2% 1.6%