Monday, April 21, 2014

Bank of Canada

The U.S. dollar was recently at C$1.1025 early Monday, from C$1.1024 late Friday, according to data provider CQG.
With investors returning after a long weekend and a dearth of economic indicators, currency markets were quiet to begin the trading week. The U.S. dollar was is expected to hug the C$1.11 level in the near term, but could improve against a weaker loonie thanks to a dovish Bank of Canada and a recovering U.S. economy.
"With an important week of data ahead and hopes that the U.S. economy is starting to that out from the winter slowdown, we still rather think the U.S. dollar is in good position to improve against the Canadian dollar,"