Yesterday saw very little movement in the USD/CAD pairing, which remained within a narrow range of 20 basis points. It is nevertheless noteworthy to point out that since the highs reached in March, the loonie has regained close to 430 pts against its neighbour to the south. Since other support levels are looming for the pairing, we recommend that you contact your trader to discuss them and take advantage of market opportunities.
Investors were jumpy yesterday further to the most recent developments out of Iraq, with still more territory falling into the hands of Islamic extremists. New York ended the day in the red (Dow: -0.7%, S&P: -0.64%, NASDAQ: -0.42%), benefitting U.S. Treasuries, which served as a safe haven for many.
On the menu today, Durable Goods Orders for May and Q1 2014 GDP number stateside. Have a great day! Rana Karim
Range of the day: 1.0710-1.0775
