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USD CAD Close Low - June 25 2008

June 25th, 2008 · No Comments

USDCAD held in the 1.0090/1.0110 range post FOMC and closing at 1.0100.  Still feels heavy but decent USD buyers at 1.0090 for now. Tomorrow we get Existing Home Sales, final GDP for Q1 and claims data and then on Friday is the PCE inflation data and Consumer Confidence.  Nothing in Canada.   With USD closing at the lows (aga EUR, AUD,GBP ) I have to think we’ll see more USDCAD weakness o/n and into tomorrow.

Tags: USD/CAD

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