Canadian Dollar vs Euro and Japanese Yen: The Euro took full advantage of the new risk appetite charging to 1.4395 yesterday. Overnight the Euro was unable to hold onto its gains slipping back to 1.4300, Traders are anticipating the Euro to remain range bound between 1.4225 and 1.4400 for the remainder of he week. The Japanese Yen recorded its third straight day of losses opening at 87.10. Tonight the Bank of Japan will release their rate announcement with analysts’ expecting no change to the official rate.
- I expect a range today in the EUR/CAD rate of 1.4225 and 1.4400.
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