CAD Posts Gains to Open the Week

Posted by Joshua Schlebach on 7/20/20 8:44 AM

The CAD is making gains to open the trading week and is up just under half a cent this morning.  No fundamental news to report on today opens a relatively quiet week as far as news releases are concerned.  Tomorrow’s Core Retail Sales numbers headline the AM news out of Canada.

The USD is extending last week’s losses into the open today holding onto an overall bearish undertone.  No fundamental releases stateside today will leave the path of the greenback reacting to overall market sentiment as well as investor risk appetite.

The Euro is one of the best performing major currencies into the North American open posting gains of just under half a percent.  EU leaders met over the weekend and have come close to reaching a final agreement on a Eurozone stimulus package.  Further gains are expected in the near term with economies continuing to recover and reopen.                                                                                      

Equities

Equities are mostly up this morning: the Dow down 0.22%, the S&P up 0.23%, NASDAQ up 1.43% and the TSX up 0.22%.  Crude Oil is down 0.20% this morning ($40.51) while Gold is up 0.27% ($1,815.34).

Dow

0.22%

S&P

0.23%

NASDAQ

1.43%

 

 

 

TSX

0.22%

Crude Oil

0.20% ($40.51)

Gold

0.27% ($1,815.34)

Topics: Market Update