Canadian dollar September 24, 2010
Currency Bid Ask Chart
CAD/DKK 5.3572139 5.4303211 Chart
CAD/HKD 7.5469977 7.5766275 Chart
CAD/JPY 82.0488710 82.4182999 Chart
CAD/NOK 5.6872753 5.7855524 Chart
CAD/SEK 6.5875831 6.7140381 Chart
CAD/SGD 1.2850761 1.2941953 Chart
CAD/THB 29.2411630 30.3613845 Chart
AUD/CAD 0.9814303 0.9857508 Chart
CHF/CAD 1.0429039 1.0476911 Chart
EUR/CAD 1.3769908 1.3838556 Chart
GBP/CAD 1.6174309 1.6249261 Chart
NZD/CAD 0.7504013 0.7541439 Chart
USD/CAD 1.0239231 1.0276781 Chart
EURO-STERLING: Corrective pullback from earlier at...
EURO-STERLING: Corrective pullback from earlier rally highs at stg0.8545
seen meeting demand interest placed between stg0.8525/20. A break here
to open a deeper move toward stg0.8505/00. Resistance remains in place
between stg0.8545/55.
seen meeting demand interest placed between stg0.8525/20. A break here
to open a deeper move toward stg0.8505/00. Resistance remains in place
between stg0.8545/55.
EURO-DOLLAR: Moves back up into the reported area....
EURO-DOLLAR: Moves back up into the reported resistance area between
$1.3420/25, with traders suggesting that offers here are linked to the
widely publicised $1.3400 strike option, that is due to roll off at the
NY cut. The same name selling is said to have bid interest on the base
side now between $1.3385/80.
$1.3420/25, with traders suggesting that offers here are linked to the
widely publicised $1.3400 strike option, that is due to roll off at the
NY cut. The same name selling is said to have bid interest on the base
side now between $1.3385/80.
YEN SUMMARY:Asia opened Y84.38/Y112.35 ranged........
YEN SUMMARY:Asia opened Y84.38/Y112.35 ranged Y84.38-5.39/Y112.28-113.76
--sleepy Asia was woken by a surge at 0400GMT(Tokyo lunchtime) of
dollar buying from Tokyo banks which the market immediately assumed
was intervention. MOF's Noda refused to confirm any BOJ operations.
The rally tripped stops at Y84.70 and Y85.00 to a high of Y85.39
before retreating back below Y85.00. Bids remain towards Y84.35
yesterday's low Y84.26 and Y84.00, with offers in place above Y85.40
and layered up to Y86.00 with large stops above. The cross rallied
from Y112.80 up to Y113.76, before paring back to Y113.25. Europe
opened to a lower dollar, and selling from option related names saw
dollar-yen drift back to early morning levels and is now targeting the
bids under Y84.50. Euro-yen has held up moderately well on the back of
a strong German IFO and euro's return through $1.3400, but dollar
weakness continues in the absence of any follow through to the morning
move. The market is now stalling ahead of the Durable Goods and New
home sales data released this afternoon at 1230GMT and 1400GMT
--sleepy Asia was woken by a surge at 0400GMT(Tokyo lunchtime) of
dollar buying from Tokyo banks which the market immediately assumed
was intervention. MOF's Noda refused to confirm any BOJ operations.
The rally tripped stops at Y84.70 and Y85.00 to a high of Y85.39
before retreating back below Y85.00. Bids remain towards Y84.35
yesterday's low Y84.26 and Y84.00, with offers in place above Y85.40
and layered up to Y86.00 with large stops above. The cross rallied
from Y112.80 up to Y113.76, before paring back to Y113.25. Europe
opened to a lower dollar, and selling from option related names saw
dollar-yen drift back to early morning levels and is now targeting the
bids under Y84.50. Euro-yen has held up moderately well on the back of
a strong German IFO and euro's return through $1.3400, but dollar
weakness continues in the absence of any follow through to the morning
move. The market is now stalling ahead of the Durable Goods and New
home sales data released this afternoon at 1230GMT and 1400GMT
STERLING SUMMARY: Opened early Europe at $1.5677,....
STERLING SUMMARY: Opened early Europe at $1.5677, stg0.8505
-- Cable closed NY at $1.5680, having seen recovery highs of $1.5742
Thursday linked to heavy euro-sterling sales. Rate initially eased in
early Asia on fund supply to lows of $1.5659, the move meeting Asian
buyers into the dip that allowed it to drift higher through the
session. The spike higher in dollar-yen late on (suggested
intervention but no confirmation) boosted yen crosses and provided
the added lift to take the rate on to $1.5697. Cable settled into a
$1.5660/90 range into Europe. Rate squeezed down to $1.5640 in early
European dealing, the move tracking euro-dollar's earlier slip, as
euro-sterling continued to pivot stg0.8500. Rate recovered through
the balance of the morning, though trailed euro-dollar's stronger,
Ifo react, managing to touch $1.5704 on its first show back above the
figure. Euro-sterling spiked to stg0.8537 on the euro move. Cable
eased to $1.5675 getting pulled back above $1.57 as euro-dollar broke
above $1.34, extending move to $1.5730, as cross held below stg0.8550
-- Cable closed NY at $1.5680, having seen recovery highs of $1.5742
Thursday linked to heavy euro-sterling sales. Rate initially eased in
early Asia on fund supply to lows of $1.5659, the move meeting Asian
buyers into the dip that allowed it to drift higher through the
session. The spike higher in dollar-yen late on (suggested
intervention but no confirmation) boosted yen crosses and provided
the added lift to take the rate on to $1.5697. Cable settled into a
$1.5660/90 range into Europe. Rate squeezed down to $1.5640 in early
European dealing, the move tracking euro-dollar's earlier slip, as
euro-sterling continued to pivot stg0.8500. Rate recovered through
the balance of the morning, though trailed euro-dollar's stronger,
Ifo react, managing to touch $1.5704 on its first show back above the
figure. Euro-sterling spiked to stg0.8537 on the euro move. Cable
eased to $1.5675 getting pulled back above $1.57 as euro-dollar broke
above $1.34, extending move to $1.5730, as cross held below stg0.8550
EURO SUMMARY: Opened in early Europe around $1.3334..
EURO SUMMARY: Opened in early Europe around $1.3334
-- Euro-dollar closed in NY at $1.3320, with rate under early pressure
into Asia on reported fund sales. Stops below $1.3300 were targeted
and triggered (Thurs low $1.3304) taking rate to session lows of
$1.3286. Reported Asian sovereign demand interest prevented further
losses and allowed rate to drift higher, the late session spike in
dollar-yen (suggested intervention but not confirmed) took euro-yen
higher with it and euro-dollar to session highs of $1.3356. Rate
dropped back to $1.3312 only to recover back to $1.3350 before
settling between $1.3330/40 into Europe. Rate was squeezed back to
$1.3312 in early Europe before Asian sovereign, book-balancing, buys
emerged to take rate back to $1.3335. Rate was pressed down to
$1.3304 ahead of the Ifo release, recovering to $1.3315/20 into
release. Stronger than expected data spiked rate through overnight
highs to $1.3377, extending move to $1.3398 on secondary buys. Major
NY name buys cited for taking it to $1.3433 late morning.
-- Euro-dollar closed in NY at $1.3320, with rate under early pressure
into Asia on reported fund sales. Stops below $1.3300 were targeted
and triggered (Thurs low $1.3304) taking rate to session lows of
$1.3286. Reported Asian sovereign demand interest prevented further
losses and allowed rate to drift higher, the late session spike in
dollar-yen (suggested intervention but not confirmed) took euro-yen
higher with it and euro-dollar to session highs of $1.3356. Rate
dropped back to $1.3312 only to recover back to $1.3350 before
settling between $1.3330/40 into Europe. Rate was squeezed back to
$1.3312 in early Europe before Asian sovereign, book-balancing, buys
emerged to take rate back to $1.3335. Rate was pressed down to
$1.3304 ahead of the Ifo release, recovering to $1.3315/20 into
release. Stronger than expected data spiked rate through overnight
highs to $1.3377, extending move to $1.3398 on secondary buys. Major
NY name buys cited for taking it to $1.3433 late morning.
Canhas risen modestly to the 1.0260 area after Bank of Canada Mark Carney appeared on CNBC, saying that Canada's recovery has taken it back to pr
USD/Canadian dollar has risen modestly to the 1.0260 area after Bank of Canada Mark Carney appeared on CNBC, saying that Canada's recovery has taken it back to pre-recession levels of production and employment but also acknowledging the weakness in the US recovery is a cause for concern. USD not far from session low at 1.0224, according to CQG.
Canadian Dollar exchange rate September 9, 2010
Canadian Dollar exchange rate September 9, 2010
Currency Bid Ask Chart
Canadian Dollar/DKK 5.6162996 5.6925631 Chart
Canadian Dollar/HKD 7.4894386 7.5187858 Chart
Canadian Dollar/JPY 80.5828108 80.9456541 Chart
Canadian Dollar/NOK 5.9207847 6.0224618 Chart
Canadian Dollar/SEK 6.9474121 7.0794699 Chart
Canadian Dollar/SGD 1.2914855 1.3006296 Chart
CAD/THB 29.2299346 30.3473352 Chart
AUD/CAD 0.9554903 0.9597155 Chart
CHF/CAD 1.0174356 1.0220673 Chart
EUR/CAD 1.3134123 1.3199848 Chart
GBP/CAD 1.5906756 1.5980566 Chart
NZD/CAD 0.7481565 0.7518939 Chart
USD/CAD 1.0334094 1.0371917 Chart
Currency Bid Ask Chart
Canadian Dollar/DKK 5.6162996 5.6925631 Chart
Canadian Dollar/HKD 7.4894386 7.5187858 Chart
Canadian Dollar/JPY 80.5828108 80.9456541 Chart
Canadian Dollar/NOK 5.9207847 6.0224618 Chart
Canadian Dollar/SEK 6.9474121 7.0794699 Chart
Canadian Dollar/SGD 1.2914855 1.3006296 Chart
CAD/THB 29.2299346 30.3473352 Chart
AUD/CAD 0.9554903 0.9597155 Chart
CHF/CAD 1.0174356 1.0220673 Chart
EUR/CAD 1.3134123 1.3199848 Chart
GBP/CAD 1.5906756 1.5980566 Chart
NZD/CAD 0.7481565 0.7518939 Chart
USD/CAD 1.0334094 1.0371917 Chart
Canadian dollar September 9, 2010
Canadian dollar September 9, 2010
USD/CAD retreated and extended the decline. Bank 1.07of Canada raised benchmark interest rate from 0.75% to 1.06 1.00% and signaled it may further raise rate in this year. The elevating interest rate outlook supported the momentum of 1.05CAD. In addition, N.Y. crude future climbed with the overall 1.04 sentiment and consolidated on $75/barrel, with may support the near term downtrend of USD/CAD. 1.03 1.02Technical. USD/CAD may retest 1.0250 as near term 8/9 8/16 8/23 8/30 9/6Source: Bloomberg LP, SCB support and the next major support is 1.01.
EURO-STERLING: Extends recovery off early Europe of..
EURO-STERLING: Extends recovery off early Europe lows of stg0.8210 to
stg0.8250, with release of poor UK trade data placing further negative
weight on the pound. Offers have been reported at stg0.8250, with recent
reports placing stops on a break of stg0.8255. Stronger offers noted at
stg0.8270/75.
stg0.8250, with release of poor UK trade data placing further negative
weight on the pound. Offers have been reported at stg0.8250, with recent
reports placing stops on a break of stg0.8255. Stronger offers noted at
stg0.8270/75.
EURO-DOLLAR: Moves above earlier reported semi sell..
EURO-DOLLAR: Moves above earlier reported semi official sell level at
$1.2690 and seen probing back above $1.2700. Offers remain in place to
$1.2710, a break to open a move on toward $1.2730.
$1.2690 and seen probing back above $1.2700. Offers remain in place to
$1.2710, a break to open a move on toward $1.2730.
EURO-DOLLAR: Semi official interest noted on both....
EURO-DOLLAR: Semi official interest noted on both sides this morning
with supply noted early on as rate eased back below $1.2700, with demand
then reported around $1.2670. Reports now suggest sell interest from
this party set at $1.2690. Rate currently trades around $1.2680.
with supply noted early on as rate eased back below $1.2700, with demand
then reported around $1.2670. Reports now suggest sell interest from
this party set at $1.2690. Rate currently trades around $1.2680.
EURO-STERLING: Trade in Asia was contained within a..
EURO-STERLING: Trade in Asia was contained within a range of
stg0.8212/38, with early trade in Europe extending the base to
stg0.8210. Rate currently trades around stg0.8222. Bids are reported in
place between stg0.8210/00, with talk that interest is linked to option
protection of a stg0.8200 barrier. Resistance remains between
stg0.8235/40.
stg0.8212/38, with early trade in Europe extending the base to
stg0.8210. Rate currently trades around stg0.8222. Bids are reported in
place between stg0.8210/00, with talk that interest is linked to option
protection of a stg0.8200 barrier. Resistance remains between
stg0.8235/40.
OIL: The API last night reported the following for...
OIL: The API last night reported the following for the week ending 3rd
September last night:
-- Crude stocks fell 7.3 mbl to 354.2 mbl
Distillates rose 1.3 mbl to 169.0 mbl
Gasoline rose 0.7 mbl to 226.3 mbl
Refineries rose 1.4% to 86.2%
This is an indication of the actual Department of Energy data
released later today
September last night:
-- Crude stocks fell 7.3 mbl to 354.2 mbl
Distillates rose 1.3 mbl to 169.0 mbl
Gasoline rose 0.7 mbl to 226.3 mbl
Refineries rose 1.4% to 86.2%
This is an indication of the actual Department of Energy data
released later today
EURO-DOLLAR: Extends losses to $1.2770 with traders..
EURO-DOLLAR: Extends losses to $1.2770 with traders noting semi official
demand seen countering the current dip. Further demand noted around
Wednesday's low at $1.2659 with traders noting stops sub $1.2655.
However, fresh demand said to emerge from around $1.2650 extending to
$1.5630 ahead of next support at $1.2600.
demand seen countering the current dip. Further demand noted around
Wednesday's low at $1.2659 with traders noting stops sub $1.2655.
However, fresh demand said to emerge from around $1.2650 extending to
$1.5630 ahead of next support at $1.2600.
ECB: ECB says banks deposited E44.3bln with it and...
ECB: ECB says banks deposited E44.3bln with it overnight and banks
DIDN'T borrow using overnight lending facility.
DIDN'T borrow using overnight lending facility.
CABLE: Rate pushed to a high of $1.5534 Wednesday....
CABLE: Rate pushed to a high of $1.5534 Wednesday and has drifted lower
ever since. Rate closed NY at $1.5465, edging back to $1.5477 in early
Asia before continuing slippage. Rate found support around $1.5450,
bounced back to $1.5470 as risk appetite gained a boost from the release
of strong australian jobs data. However, this recovery didn't last long
and rate reverted to drifting lower again. Rate touched an overnight
session low of $1.5442, with early Europe squeezing the rate on to lows
of $1.5400. Rate retains a heavy tone, seen resting on this low at
writing. A break below the figure to allow for a deeper move toward
$1.5385/80 ahead of $1.5355/50. Focus today on BOE MPC rate decision
with most expecting no change in rates/QE.
ever since. Rate closed NY at $1.5465, edging back to $1.5477 in early
Asia before continuing slippage. Rate found support around $1.5450,
bounced back to $1.5470 as risk appetite gained a boost from the release
of strong australian jobs data. However, this recovery didn't last long
and rate reverted to drifting lower again. Rate touched an overnight
session low of $1.5442, with early Europe squeezing the rate on to lows
of $1.5400. Rate retains a heavy tone, seen resting on this low at
writing. A break below the figure to allow for a deeper move toward
$1.5385/80 ahead of $1.5355/50. Focus today on BOE MPC rate decision
with most expecting no change in rates/QE.
EURO-DOLLAR: Pressured through overnight lows at on..
EURO-DOLLAR: Pressured through overnight lows at $1.2689 on reported
Swiss private bank supply, the rate easing down to fresh intraday lows
of $1.2683. Rate currently trades around $1.2685. Support seen to
$1.2680, a break to open a deeper move toward the $1.2660 area (Weds low
$1.2659, with talk of stops placed on a break of $1.2650.
Swiss private bank supply, the rate easing down to fresh intraday lows
of $1.2683. Rate currently trades around $1.2685. Support seen to
$1.2680, a break to open a deeper move toward the $1.2660 area (Weds low
$1.2659, with talk of stops placed on a break of $1.2650.
Forex Focus: Risk Sentiment May Improve, But Not For Euro
There is risk and then there is euro risk.
And we are watching the first turn into the second this week.
Classic risk has dominated the market for some time as fears over a double dip recession in the U.S. have continued to hover and investors have preferred safe haven currencies, such as the dollar and the yen, at the cost of high-yielders, including the euro.
However, risk sentiment looked set to improve.
Not only did last Friday's U.S. employment data show signs of improvement but both the White House and the U.S. Federal Reserve finally appear ready to take the bull by the horns.
President Barack Obama has proposed $50 billion of infrastructure spending that will provide another fiscal injection for the country's spluttering recovery.
Also after weeks of hinting at it, Fed officials now look ready to provide another tranche of quantitative easing, the so-called QE2. In a speech on Tuesday, the Fed's former vice chairman Donald Kohn suggested that this is only a matter of time and analysts are now speculating that the move will come at the Fed's policy meeting in early November.
So far so good, safe havens should have lost their attraction and high-yielders, including the euro, should have been back in favor.
But, we have had a shift to euro-specific risk instead.
See how the euro will come back under pressure against the dollar:
http://www.dowjoneswebservices.com/chart/view/4564
Concern over the U.S. recovery has been replaced with concern over the euro zone recovery as well as the continued risk of sovereign debt default.
A sharp reminder of the economic difficulties facing the euro zone came over the last week as industrial activity and export orders, particularly in Germany, slowed sharply. This illustrated just how quickly the country's export driven recovery earlier this year will come to a shuddering halt, removing the one bright spot on the euro zone's economic landscape.
This immediately put the spotlight back on European banks, which appear to have underestimated their exposure to sovereign debt in stress tests conducted earlier this year.
Deteriorating growth prospects among the euro-zone's peripheral debtors have also raised the risks of a debt default as these countries struggle to meet their repayment obligations.
Over the last 24 hours, the cost of insuring against default in many of these countries has risen back to their recent highs or even beyond, as in the case of Ireland.
And we are watching the first turn into the second this week.
Classic risk has dominated the market for some time as fears over a double dip recession in the U.S. have continued to hover and investors have preferred safe haven currencies, such as the dollar and the yen, at the cost of high-yielders, including the euro.
However, risk sentiment looked set to improve.
Not only did last Friday's U.S. employment data show signs of improvement but both the White House and the U.S. Federal Reserve finally appear ready to take the bull by the horns.
President Barack Obama has proposed $50 billion of infrastructure spending that will provide another fiscal injection for the country's spluttering recovery.
Also after weeks of hinting at it, Fed officials now look ready to provide another tranche of quantitative easing, the so-called QE2. In a speech on Tuesday, the Fed's former vice chairman Donald Kohn suggested that this is only a matter of time and analysts are now speculating that the move will come at the Fed's policy meeting in early November.
So far so good, safe havens should have lost their attraction and high-yielders, including the euro, should have been back in favor.
But, we have had a shift to euro-specific risk instead.
See how the euro will come back under pressure against the dollar:
http://www.dowjoneswebservices.com/chart/view/4564
Concern over the U.S. recovery has been replaced with concern over the euro zone recovery as well as the continued risk of sovereign debt default.
A sharp reminder of the economic difficulties facing the euro zone came over the last week as industrial activity and export orders, particularly in Germany, slowed sharply. This illustrated just how quickly the country's export driven recovery earlier this year will come to a shuddering halt, removing the one bright spot on the euro zone's economic landscape.
This immediately put the spotlight back on European banks, which appear to have underestimated their exposure to sovereign debt in stress tests conducted earlier this year.
Deteriorating growth prospects among the euro-zone's peripheral debtors have also raised the risks of a debt default as these countries struggle to meet their repayment obligations.
Over the last 24 hours, the cost of insuring against default in many of these countries has risen back to their recent highs or even beyond, as in the case of Ireland.
China Yuan Up On Euro Strength Overnight; August Data In Focus
China's yuan strengthened against the U.S. dollar Thursday, after the euro rose against the dollar overnight as strong results in a European debt auction renewed risk appetite.
On the over-the-counter market, the dollar was at CNY6.7861 around 0730 GMT, down from Wednesday's close of CNY6.7943. It traded between CNY6.7830 and CNY6.7885.
The dollar-yuan central parity was set at 6.7817, down from 6.7907 Wednesday, after the euro rose as high as $1.2764 intraday in New York trading Wednesday, compared with $1.2689 late Tuesday in New York.
The dollar fell against the euro Wednesday night in global trading after a successful Portuguese government debt auction overshadowed concerns about the credibility of European bank stress tests, prompting investors to switch to higher-yielding currencies.
Although onshore yuan traders had expected a lower dollar-yuan central parity rate because of the dollar's weakness, it was fixed well below the market's expectations for around 6.7850. But traders said activity was light except for some dollar-buying from state-owned banks in the morning.
Some traders stayed on the sidelines as they awaited key economic data, including China's August import and export data, to be issued Friday.
'Longer term, if China continues to see rising exports and a widening trade surplus, the yuan's appreciation trend will continue,' said a Guangzhou-based trader at a foreign bank.
Fixing levels in recent sessions have moved largely in line with the dollar index's overnight moves, the trader said, adding that people will focus on the dollar's moves in the global market for trading cues.
Traders said earlier that the visit by U.S. National Economic Council Director Lawrence Summers to China this week may have prompted the central bank to set lower dollar-yuan central parity rates. People's Bank of China Gov. Zhou Xiaochuan said Thursday he discussed the yuan exchange rate issue with Summers.
In the offshore market, one-year dollar-yuan nondeliverable forwards fell to 6.6994/6.7044 from 6.7088/6.7108 late Wednesday.
On the over-the-counter market, the dollar was at CNY6.7861 around 0730 GMT, down from Wednesday's close of CNY6.7943. It traded between CNY6.7830 and CNY6.7885.
The dollar-yuan central parity was set at 6.7817, down from 6.7907 Wednesday, after the euro rose as high as $1.2764 intraday in New York trading Wednesday, compared with $1.2689 late Tuesday in New York.
The dollar fell against the euro Wednesday night in global trading after a successful Portuguese government debt auction overshadowed concerns about the credibility of European bank stress tests, prompting investors to switch to higher-yielding currencies.
Although onshore yuan traders had expected a lower dollar-yuan central parity rate because of the dollar's weakness, it was fixed well below the market's expectations for around 6.7850. But traders said activity was light except for some dollar-buying from state-owned banks in the morning.
Some traders stayed on the sidelines as they awaited key economic data, including China's August import and export data, to be issued Friday.
'Longer term, if China continues to see rising exports and a widening trade surplus, the yuan's appreciation trend will continue,' said a Guangzhou-based trader at a foreign bank.
Fixing levels in recent sessions have moved largely in line with the dollar index's overnight moves, the trader said, adding that people will focus on the dollar's moves in the global market for trading cues.
Traders said earlier that the visit by U.S. National Economic Council Director Lawrence Summers to China this week may have prompted the central bank to set lower dollar-yuan central parity rates. People's Bank of China Gov. Zhou Xiaochuan said Thursday he discussed the yuan exchange rate issue with Summers.
In the offshore market, one-year dollar-yuan nondeliverable forwards fell to 6.6994/6.7044 from 6.7088/6.7108 late Wednesday.
DOLLAR-YEN: Gets an added shove lower as US ISM
DOLLAR-YEN: Gets an added shove lower as US ISM non-mfg disappoints,
rate breaks under Y84.80 support with rate extending its corrective
pullback off post jobs react highs of Y85.22 to Y84.65/60 area. support
noted between Y84.50/40.
rate breaks under Y84.80 support with rate extending its corrective
pullback off post jobs react highs of Y85.22 to Y84.65/60 area. support
noted between Y84.50/40.
Canadian dollar rate September 3, 2010 usd
Canadian dollar rate September 3, 2010
Currency Bid Ask Chart
Canadian dollar/DKK 5.4983726 5.5730611 Chart
Canadian dollar/HKD 7.4208188 7.4498419 Chart
Canadian dollar/JPY 80.4883406 80.8496048 Chart
CAD/NOK 5.8116444 5.9115087 Chart
CAD/SEK 6.8620809 6.9925202 Chart
CAD/SGD 1.2819277 1.2909931 Chart
CAD/THB 29.1605928 30.2733823 Chart
AUD/CAD 0.9527372 0.9569521 Chart
CHF/CAD 1.0251500 1.0298075 Chart
EUR/CAD 1.3403677 1.3470585 Chart
GBP/CAD 1.6093343 1.6167882 Chart
NZD/CAD 0.7494713 0.7532170 Chart
USD/CAD 1.0432951 1.0471060 Chart
Currency Bid Ask Chart
Canadian dollar/DKK 5.4983726 5.5730611 Chart
Canadian dollar/HKD 7.4208188 7.4498419 Chart
Canadian dollar/JPY 80.4883406 80.8496048 Chart
CAD/NOK 5.8116444 5.9115087 Chart
CAD/SEK 6.8620809 6.9925202 Chart
CAD/SGD 1.2819277 1.2909931 Chart
CAD/THB 29.1605928 30.2733823 Chart
AUD/CAD 0.9527372 0.9569521 Chart
CHF/CAD 1.0251500 1.0298075 Chart
EUR/CAD 1.3403677 1.3470585 Chart
GBP/CAD 1.6093343 1.6167882 Chart
NZD/CAD 0.7494713 0.7532170 Chart
USD/CAD 1.0432951 1.0471060 Chart
YEN SUMMARY: Opened at Y84.15/107.92 after Y84.01/55.
YEN SUMMARY: Opened at Y84.15/107.92 after Y84.01/55 and Y107.46/108.25
overnight ranges.
-- Dollar had found support at Y84.01 in European dealings amid
talk of Danish and Dutch bank buys of the pair at the base, reinforcing
recent similar interest from the same names over recent days and said in
good size. Dollar retreated in early dealings but found a base around
Y84.05 (real money interest) as euro dipped to Y107.70, both then
lifting again to Y84.30/108.30 as euro-dollar gains provided lift, the
dollar then stretching to Y84.45 as upbeat pending home sales data
boosted the greenback, leaving euro-yen around Y108.00/20. Dollar gains
faded into midday as the greenback retreated to Y84.10 as stocks
relinquished gains into midday, euro-yen easing back to Y107.90.
Stocks rebound into the close, with dollar-yen and the cross firming
also. Dlr-yen closing at Y84.32, euro-yen at Y108.15
overnight ranges.
-- Dollar had found support at Y84.01 in European dealings amid
talk of Danish and Dutch bank buys of the pair at the base, reinforcing
recent similar interest from the same names over recent days and said in
good size. Dollar retreated in early dealings but found a base around
Y84.05 (real money interest) as euro dipped to Y107.70, both then
lifting again to Y84.30/108.30 as euro-dollar gains provided lift, the
dollar then stretching to Y84.45 as upbeat pending home sales data
boosted the greenback, leaving euro-yen around Y108.00/20. Dollar gains
faded into midday as the greenback retreated to Y84.10 as stocks
relinquished gains into midday, euro-yen easing back to Y107.90.
Stocks rebound into the close, with dollar-yen and the cross firming
also. Dlr-yen closing at Y84.32, euro-yen at Y108.15
DOLLAR-SWISS: Those looking for yen direction, have..
DOLLAR-SWISS: Those looking for yen direction, have been paying close
attention to the Swiss franc lately, since these two currencies
have traded in lockstep recently. Dollar-Swiss slipped to a low around
Chf1.0096 earlier, before rebounding to current levels at Chf1.0127.
Andy Chaveriat, global FX technical strategist at BNP Paribas, says
Wed's "Chf1.0065 doji low (daily candlestick charts) is a potentially
bullish reversal point." The low seen in US action Thursday, "is
arguably a secondary low on the hourly chart, implying the choppy rise
has room to extend," he says. Bullish hourly momentum suggests scope for
a short term move to retest Chf1.0185 (overnight high), with potential
extension to stronger resistance at Chf1.0220, seen as a "sell zone,"
Chaveriat says. Traders warn of stop-loss sell orders on a clear-cut
break below Chf1.0050,
attention to the Swiss franc lately, since these two currencies
have traded in lockstep recently. Dollar-Swiss slipped to a low around
Chf1.0096 earlier, before rebounding to current levels at Chf1.0127.
Andy Chaveriat, global FX technical strategist at BNP Paribas, says
Wed's "Chf1.0065 doji low (daily candlestick charts) is a potentially
bullish reversal point." The low seen in US action Thursday, "is
arguably a secondary low on the hourly chart, implying the choppy rise
has room to extend," he says. Bullish hourly momentum suggests scope for
a short term move to retest Chf1.0185 (overnight high), with potential
extension to stronger resistance at Chf1.0220, seen as a "sell zone,"
Chaveriat says. Traders warn of stop-loss sell orders on a clear-cut
break below Chf1.0050,
EURO-DOLLAR: The euro, currently at $1.2816, stalled.
EURO-DOLLAR: The euro, currently at $1.2816, stalled ahead of
$1.2850 earlier. The pair has been flirting with its 55-day moving
average (at $1.2756 Thursday), closing both above and below that level
in recent sessions. Nick Shamim, MNI's technical analyst, note that the
"21-day moving average capped topside yesterday and is today valued at
$1.2849." The daily studies suggest scope for an upside break, "with
10-day momentum threatening to break above the zero line and 14-day RSI
now above the 50% level," he says. The break above last week's high at
$1.2779 has improved the euro outlook, which remains constructive as
long as the pair holds above the 3-month support line at $1.2651.
$1.2850 earlier. The pair has been flirting with its 55-day moving
average (at $1.2756 Thursday), closing both above and below that level
in recent sessions. Nick Shamim, MNI's technical analyst, note that the
"21-day moving average capped topside yesterday and is today valued at
$1.2849." The daily studies suggest scope for an upside break, "with
10-day momentum threatening to break above the zero line and 14-day RSI
now above the 50% level," he says. The break above last week's high at
$1.2779 has improved the euro outlook, which remains constructive as
long as the pair holds above the 3-month support line at $1.2651.
DOLLAR-YEN: Bank of New York Mellon's Simon Derrick..
DOLLAR-YEN: Bank of New York Mellon's Simon Derrick says the threat
of BOJ intervention is likely to be one of the defining themes for the
remainder of 2010. With "the EUR, USD and GBP facing significant
economic headwinds through the remainder of the year (as yesterday's ADP
and PMI data highlighted all too well) and question-marks over the
likely demand for commodities keeping the related currencies in check,
the JPY (along with the CHF) remains one of the few majors left to buy,"
he says. Intervention, if and when it comes, will likely be unilateral
(BOJ alone), given the US attitude toward freely trading markets.
Politics will likely play a role in the timing. "Given the upcoming DPJ
leadership election on Sept 14, it would seem reasonable to assume that
PM Naoto Kan would prefer not to muddy the water by having to authorize
FX intervention," Derrick says. This is in contrast to contender Ichiro
Ozawa who has voiced support for the BOJ stepping in, he notes.
of BOJ intervention is likely to be one of the defining themes for the
remainder of 2010. With "the EUR, USD and GBP facing significant
economic headwinds through the remainder of the year (as yesterday's ADP
and PMI data highlighted all too well) and question-marks over the
likely demand for commodities keeping the related currencies in check,
the JPY (along with the CHF) remains one of the few majors left to buy,"
he says. Intervention, if and when it comes, will likely be unilateral
(BOJ alone), given the US attitude toward freely trading markets.
Politics will likely play a role in the timing. "Given the upcoming DPJ
leadership election on Sept 14, it would seem reasonable to assume that
PM Naoto Kan would prefer not to muddy the water by having to authorize
FX intervention," Derrick says. This is in contrast to contender Ichiro
Ozawa who has voiced support for the BOJ stepping in, he notes.
GOLD: Spot gold stands at $1250.75/oz after trading..
GOLD: Spot gold stands at $1250.75/oz after trading in a $1244.05 to
$1253.30 range. The precious metal topped out at $1254.65 Weds, only to
close at $1243.85. A clear close above May/June peaks at $1249/$1250
will suggest scope for a retest of the life-time high of $1264.90, seen
June 21, traders say.
$1253.30 range. The precious metal topped out at $1254.65 Weds, only to
close at $1243.85. A clear close above May/June peaks at $1249/$1250
will suggest scope for a retest of the life-time high of $1264.90, seen
June 21, traders say.
EURO-DOLLAR: Holds $1.2820 area ahead of the London..
EURO-DOLLAR: Holds $1.2820 area ahead of the London close and with
little evident fuss as the London fixing event came and went. Pair has
seen muted trade during the US session and seems destined to continue
that way into the afternoon and ahead of the Friday US payrolls report.
Backfill chatter suggesting an Asian sovereign name may have capped the
euro shy of $1.2850 area but worth reminding that offers were already
reported ahead of $1.2860 and thus around the Wednesday high.
little evident fuss as the London fixing event came and went. Pair has
seen muted trade during the US session and seems destined to continue
that way into the afternoon and ahead of the Friday US payrolls report.
Backfill chatter suggesting an Asian sovereign name may have capped the
euro shy of $1.2850 area but worth reminding that offers were already
reported ahead of $1.2860 and thus around the Wednesday high.
OIL: Holds steady amid headlines on Rtrs that cite...
OIL: Holds steady amid headlines on Rtrs that cite oil industry sources
as apparently confirming an oil rig fire in the GOM.
as apparently confirming an oil rig fire in the GOM.
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