John Rothfield Market Quotations

The numbers are quite neutral, so they don't encourage investors to buy the Canadian dollar. The market is also looking a little bit hesitant on what the Bank of Canada governor will say later today.

A shakeout in the commodity market in the near-term may weigh on the Australian dollar. We see further downside risk.

Re-widening of the interest rate differential will see the Australian dollar higher. Rumors of the Medley report that the Fed will stop tightening at 4.75 percent or 5 percent is below market expectations.