After a rough start to the week, bond markets have rallied somewhat, resulting in lower yields across the curve on both sides of the 49th parallel. U.S. equities saw a mixed day, with the Dow Jones losing ground for a fifth consecutive day. Positive corporate earnings from a number of retailers helped boost markets.
Investors' eyes will be on the minutes of the most recent FOMC meeting when they are released at 2 p.m. We will also be keeping a close eye on Existing Home Sales, which will be announced at 10 a.m. The U.S. Weekly Mortgage Applications Survey was released at 7 this morning, with results in line with analysts' expectations. It will be interesting to see what impact rising rates have on the recovery in the U.S. real estate market. No major news is expected in Canada today.
The loonie is showing signs of weakness after having an excellent month of July. A move to the 1.05 mark for the USD/CAD pairing is now foreseeable. Volatility is to be anticipated this afternoon. Wishing you a great day! Emmanuel Tessier-Fleury
Range of the day: 1.0385 -1.0490 
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NBC Daily Forex : August 21, 2013
Published 08/22/2013, 12:33 AM
Updated 05/14/2017, 06:45 AM
NBC Daily Forex : August 21, 2013
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