C$ remains quietly strong overnight on strong energy prices and Bank of Canada’s positive economic outlook. C$ looks to have further strength but this is now the best selling opportunity in over a week.
The US$ remains strong, rallying almost 2% over the last two weeks, providing an opportunity for US$ sellers as some weakness is long over due.
The EUR remains weak due to well-known Brexit and economic news and while the trend remains down it’s at the best level for EUR buyers since March 7th .
- Drummond Gill