Quiet overseas trading is expected to continue into North American with the US markets closed for the 4th July holiday. US$ remains under pressure from falling treasury yields and expectations of a FED cut in July. US-China trade talks are expected to resume next week, but hopes of a quick resolution are fading. US Non-Farm Payroll Friday should provide some US$ short term direction
C$ is trading close to an 8 month high. Strong trade data, higher oil prices and expectations BOC will keep rates on hold are positive for the Loonie. 1.3050 is the next key support level, a failure to break could see a pull back to Jun21st levels.
IMF MD Lagarde was nominated as the next ECB president added pressure to EUR as she is perceived as a policy Dove. Proposed US tariffs, Brexit, Domestic issues are impeding EUR from rallying.
GBP sitting at two week lows from growing expectations of a BOE rate cut and ongoing Brexit strategy.