Since the June 17 and 18 FOMC meeting, the American dollar is up 2.93%, 2.66% and 1.75% against the yen, loonie and euro respectively. The Canadian dollar is now at its lowest level against the greenback since the fall of 2011: a great opportunity for USD sellers.
In economic news, Durable Goods Orders, S&P/Case-Shiller Home Price Indices, CB Consumer Confidence and New Home Sales figures are all expected today.
European stock markets are bullish, and the futures market hints that North American markets will follow suit when they open. We are also watching interest rates which are down slightly after the highs they reached over the last few days. A great deal of volatility is to be expected this week. Emmanuel Tessier-Fleury
Range of the day: 1.0410-1.0515