US$ is quiet in anticipation of key US inflation numbers later this morning. Also, the market will be listening to Bank of Canada’s Governor Poloz speech tomorrow for rate policy clues. We continue to see US$ strength against C$, but surprise numbers may create a better buying opportunity.
EUR and GBP are quiet and weaker ahead of more Brexit negotiations and European economic data this week. Overall, we see further EUR weakness and look for selling opportunities.
In other news, overnight markets will be possibly more volatile than normal due to a week-long extended holiday in Japan.
- Drummond Gill