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 on news of a surprising nine month high in construction spending. The trend towards a stronger US$ will likely continue, so this is an opportunity for US$ buyers.

The EUR is slightly weaker overnight, but it should be lower. This is the best opportunity to sell EUR in days. Brexit, Italian banking, lower growth, or the European Central Bank lowering rates wherever the market turns it’s not good news for the EUR. The trend remains towards a weakness for the foreseeable future.