U. S. markets are closed for Martin Luther King Day so price action is expected to remain muted throughout the North American session.
More Quotes from Jack Spitz:
I do see the Bank of Canada looking to raise rates, and the converging yield curve between Canada and the United States will continue to underpin the Canadian dollar.Jack Spitz
Liquidity may be an issue later today.
Jack Spitz
Given the Fed's middle-of-the-road statement that the end is somewhere nearer rather than further, it implies that the (U.S.-Canada) interest rate differential is going to narrow, and that is favorable for the Canadian dollar.
Jack Spitz
Price action is still (pushing the U. S. dollar lower against Canada) given the price of commodities and energy, which are both supportive of the Canadian dollar going forward.
Jack Spitz
I'm looking for dollar Canada to trade within the well-defined C1.1370-C1.15 range ahead of the tier-one economic releases that are out this Friday.
Jack Spitz
Canada looks to be a buy not only against the U.S. dollar but the euro as well.
Jack Spitz
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Ferdinand de Saussure
What we see depends mainly on what we look for.
John Lubbock
I'd love to live in Ireland but I'd like to live as me, not what someone thinks I am. People don't understand - I lived there before I was famous.
Van Morrison