Daily Market Commentary

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Thursday 28 March, 2019

C$ is under pressure overnight approaching new monthly lows due to lower crude prices and lower interest rates. Economic numbers are due tomorrow which might give C$ weakness a pause, but the long-term trend remains down. The US$ is strong approaching new highs for the year. Economic numbers today w...
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Wednesday March 27th, 2019

The C$ is lower overnight giving up everything that was gained yesterday despite strong oil prices. We see C$ continuing to weaken over the longer term as Canadian bond yields weakened to less than 1.6%, so any rally is an opportunity to sell C$. The US$ has been trading in a wide range the last [&h...
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March 26th, 2019

Canadian Dollar weakness appears to have stalled with the prospect of weaker US rates. We may see a test of February US$ lows which should provide an opportunity to buy US$ on dips. Global FX markets appear calmer across the board, we anticipate markets to be remained range bound awaiting fresh data...
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Monday March 25th, 2019

The C$ has fallen to a two-week low and remains weak this morning heading to new monthly lows. The market is blaming the weakness on interest rates that could hurt a weakening economy. Any C$ strength today is a selling opportunity. Unlike Canada, the US shows no signs of an immanent recession. With...
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Friday March 22, 2019

A budget that increases the deficit, declining housing and weak economy are likely to keep rates down and are driving the C$ to a new weekly low. Any strength today would be a good opportunity to sell C$ as the trend remains towards weakness. The US$ has fully recovered from the weakness of two days...
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Thursday March 21, 2019

The US$ fell to a six-week low yesterday before rebounding this morning on news that the Federal Reserve wouldn’t raise rates for the rest of the year. A re-test of the lows is likely over the next couple of days providing a buying opportunity with a view towards continued US$ strength. The C$ is ...
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March 20th, 2019

US$ stronger on safe haven buying overnight as concerns over US-China trade negotiations continue. FOMC today, we are not expecting and surprises outside of the anticipated dovish statements. Our bias remains to look to for opportunities to buy US$ on any dips.   In Canada, the budget came out ...
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March 19th, 2019

US$ remains quite resilient despite expectations of dovish comments at tomorrow’s FOMC meeting. Today we expect US$ to trade within a narrow band, looking for opportunities to buy US$ on any short term dips. Canadian dollar stalled overnight despite stronger oil prices which are close to 2019 ...
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March 18th, 2018

The US$ is weaker today on the back of Fridays weak economic numbers and the anticipated dovish comments expected from Wednesdays Federal Reserve meeting. Overall our bias is to be patient, US$ buyers look for opportunities to buy US$ on further dips as we expect US$ to continue to rally again longe...
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Thursday March 14th, 2019

Worries over weaker housing prices are hurting the C$ this morning despite rising oil prices and rumours that the US metal tariffs might be removed. This is best opportunity to buy in US$ in a week. The C$ will likely stay in this range for a day or two before turning lower. The US$ rose […]...
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