The US Dollar Was Supported At The 1.10 Threshold.

　　 dollar The Canadian dollar won support on Friday (March 28th) early in the European market after dropping to 1.1000 mental integer pass, and immediately began to rebound, which is expected to end the downward trend for many days.

Earlier this week, the US dollar rose to a 1.1277 year high of four and a half years after the Federal Reserve issued a policy resolution, which hinted at the prospect of raising interest rates ahead of schedule. But this week, the dollar reversed to the dollar in the context of market sentiment and sentiment improving.

Canada is not important this week. economic data And the event message is released, and the US dollar to Canadian dollar trend is still mainly influenced by external market news. Before, NYMEX crude oil prices continued to rebound to a level of 100 US dollars / barrel, which helped boost the price of the Canadian dollar which was positively related to oil price. However, the favorable economic data in the US market on Friday forced down the Canadian dollar.

Montreal Bank of Canada, the industry body, said that the further rebound of the US dollar to Canadian dollar would be in the 1.1050-90 range. If we can successfully break through this resistance range, we will rejoin the upstream track after that. Next week, the ADP employment data released by the United States and the official non farm employment report will also have a considerable impact on the US dollar exchange rate, and will also affect the US dollar's trend toward the Canadian dollar in March.

The agency also stressed next week if European Central Bank The US dollar index will also be stronger once the accident has made the decision to enlarge the easing measures, but the euro will also have a significant pressure on the Canadian dollar, and the higher risk currencies will have a bigger increase in this environment.

Related links:

The central bank announced that the US dollar was 6.1490 against the central parity of RMB, and yesterday's middle price was 6.1465. 6.1490 is also the highest point in the US dollar's middle price this year.

The people's Bank of China authorized the China foreign exchange trading center to announce that the RMB exchange rate in the interbank foreign exchange market in March 28, 2014 was RMB 1 yuan to RMB 6.1490 yuan, 1 euro to RMB 8.4506 yuan, 100 yen to RMB 6.0365 yuan, 1 Hong Kong dollar to RMB 0.79257 yuan, 1 pounds to RMB 10.2181 yuan, 1 Australian dollar to RMB 1 yuan, New Zealand dollar to RMB yuan, RMB Canadian dollar to RMB yuan, RMB yuan to ringgit, RMB yuan to Russia ruble.