US$ continued to strengthen against all major currencies overnight, with the US$ index hitting its highest level since June 2017. US$ against C$ hit its highest level for a month, but remains below key resistance point. BOC is not expected to change key rates today and despite the higher oil prices, US$ remains firm against C$. We continue to look for opportunities to buy US$ against C$ on any pull backs, at least until the release of US GDP data on Friday.
In other news. No breakthrough in the Brexit discussions between the UK ruling party and opposition party, GBP hitting a 2 month low vs the US$. In Europe negative sentiment continues after last weeks disappointing PMI data with Euro sitting at its lows for 2019 vs US$.