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 will likely provide increasing volatility, but we expect further strength in the long-term.
The EUR is approaching new yearly lows on Brexit turmoil. While the trend remains down any Brexit resolution could provide a surprise rally, which would provide a selling opportunity.
- Drummond Gill