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USDCAD unchanged, markets unchanged on Trump’s tweet

By MoneyWay | Jul 11, 2019

Markets this morning were generally better till President Donald Trump tweeted a complaint that China is “letting us down” by not buying U.S. farm products. Treasuries retreated after the latest CPI data came in hotter than anticipated, the dollar dropped for a second day and gold slipped.

Oil prices are mixed on yesterday’s lower inventory numbers which has been offset by OPEC’s comments that it expects an overall oil surplus in the coming year.

The USDCAD will likely remain within a narrow range for today and tomorrow.     

                            

Currently             Close                     Range

USDCAD               1.3082                   1.3082                   1.3042-1.3092

EURCAD               1.4718                   1.4718                   1.4695-1.4734

GBPCAD               1.6415                   1.6355                   1.6334-1.6422

                                                                                                Prior                      Actual

US: Consumer Price Index June  M/M                     0.1%                      0.1%

                                                                Y/Y                         1.8%                      1.6%

       Jobless Claims wk7/6                                              222K                      209K

                                  

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