FX Action: USD-CAD is back toward the top FX Action: USD-CAD is back toward the top of its intra day range following the disappointing Canadian retail sales data. The pairing has rallied to 1.1040 highs, near its overnight peak of 1.1049. The softer risk backdrop has weighed on the CAD as well, though firmed up oil and gold prices have perhaps offset to a degree. September 16 high of 1.1071 is the next upside target, though option backed offers are reported into the 1.1100 area.
Federal Reserve Governor Powell to speak at conference Governor Powell of the Board of Governors of the Federal Reserve System provides an overview of the 2014 Community Bank Research & Policy Initiative being held in St.Louis, MO on September 23 at 9:20 am. Webcast Link
FCC to hold a council meeting Technological Advisory Council Meeting to be held at FCC Washington, D.C. offices to discuss progress on the work initiatives discussed at the previous meeting on September 23 at 1 pm. Webcast Link