USD/CAD: At The Low-End Of The Range

The Dollar has started the week strong in overnight trading in Asia and Europe, building on its confident posture of the previous week. The main theme remains interest rate expectations, though last week reminded us once again of the worrisome trade deficit. The corresponding capital inflow data from the Treasury department is due on Thursday and will either increase the "twin deficit" concern, or brush it aside until next month. It is hoped that the figure will cover April trade deficit of $63.4b. Read More....