US Dollar vs Canadian Dollar: USD/CAD has traded down to the 100-day moving average at 0.9888 which coincides with technical retracement levels. The near 700-point drop over the past three weeks has technical indicators verging on oversold but with current sentiment and month end flows pointing the other way any USD rally will be short lived over the next few days. We expect a trading range of 0.9900 and 1.0000. Canadian Dollar vs Euro: The Euro has ranged between 1.3925 to 1.4125 for the majority of the month. Yesterday, markets were buoyed by the release that the E.U. would provide support to struggling peripheral countries. We expect a range today in the EUR/CAD rate of 1.4000 and 1.4100. Canadian Dollar vs British Pound, Australian Dollar and New Zealand Dollar: The sterling is stronger opening this morning at 1.5991 as it quickly rebounded off support levels around 1.5930. Next event risk will be Nationwide HPI and Halifax HPI being released on Nov 1. The Australian Dollar is changing hands at 1.0607 in this North American open, as it retraces from some of yesterday’s gain. All eyes on RBA next Tuesday as the rate statement will be released. The New Zealand Dollar pulled back overnight trading at 0.8130, the drop comes after hitting a monthly high of 0.8177. Employment Change and Unemployment Rate will print next Thursday. Data Releases: AUD: No data expected today. CAD: No data expected today. EUR: French Consumer Spending. GBP: No data expected today. JPY: No data expected today. NZD: No data expected today. USD: University of Michigan Confidence.