Daily Commentary
The U.S. dollar is higher vs. most currencies as players ponder what to do now that most of their positive expectations on a Greek debt restructuring have been met.
The euro zone reached an agreement on a second Greek bailout that will permit the embattled country to meet its debt payment scheduled for March 20th.
Yesterday’s news that the ECB was swapping Greek bonds for EFSF bonds helped usher in a new wave of risk positive sentiment
delay in Greek bailout talks has snapped the markets back into reality, putting the Euro under pressure
US Dollar vs Canadian Dollar: USD/CAD has drifted lower in this back drop and is near recent lows. We are still within recent ranges and need to trade below .9880 to see a further leg lowe...
US Dollar vs Canadian Dollar: USD/CAD remains range bound as the pair is pulled in different directions by various market sentiments. A move above 1.0085 is needed to alleviate downward pr...
US Dollar vs Canadian Dollar: USD/CAD has retraced from Friday’s high of 1.0040 and is sitting at the .9975 support zone. We will remain susceptible to European events but the market...
US Dollar vs Canadian Dollar: The Greenback has regained most of last week’s loss opening this morning at 1.0023 against the Loonie. Fear has temporarily creeped back into the market overn...
US Dollar vs Canadian Dollar: I am finding it difficult to come up with any new comments on USD/CAD as we remain stuck in a range between .9930 & .9995. A move above parity will certai...
US Dollar vs Canadian Dollar: USD/CAD remains range bound with a myriad of technical studies providing support between 0.9880 and 0.9965 while a break above 1.0000 is needed to relieve immediate...
Dealers' desk forex news is provided by OzForex Pty Ltd.
