Daily Currency Update

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The Loonie is a mixed bag this morning, gaining against the Pound and losing versus the Japanese Yen

CAD - Canadian Dollar

The Loonie trades steady, even as global equity trades lower and the crude oil price rally has paused. FX trading prices are expected to remain subdued due to the Thanksgiving holiday in the U.S.. The USD/CAD is trading at 1.3010 at around noon in Toronto, which is the same as the closing price in yesterday’s session.

Key Movers

Within the last few minutes, the British Pound trimmed losses against the U.S. dollar after Michel Barnier, the European Commission’s Chief Brexit Negotiator, reportedly called for an “urgent” meeting Friday with EU fisheries ministers. However, the British Pound is the worst performer today following the stall of Brexit talks in the European session. French Foreign Minister Jean-Yves Le Drian said the U.K. is taking too long to have discussions with the European Union and the outcome of the talks remains “highly uncertain.” The British Pound is trading at 1.3358 versus the US dollar, representing a 0.16% fall and it is trading at 1.7376 versus the Loonie, representing a 0.17% fall at the time of this writing.

Expected Ranges

USD/CAD: 1.2986 - 1.3030 ▲

EUR/CAD: 1.5482 - 1.5517 ▼

GBP/CAD: 1.7301 - 1.7400 ▼

AUD/CAD: 0.9559 - 0.9585 ▼

NZD/CAD: 0.9082 - 0.9123 ▲