Today (Monday) is the [B]Columbus Day holiday in the U.S.,[/B] and [B]Thanksgiving Day in Canada.[/B]
Banks in both countries will be closed today.
If past years can be relied upon as a guide, the USD/CAD will probably trade in a very tight range today on reduced volume. However, the other major USD pairs will probably exhibit normal ranges on only slightly reduced volume.
Here is a chart showing the EUR/USD at this time last year.
In 2014, U.S. Columbus Day / Canadian Thanksgiving fell on Monday, October 13. The chart shows a normal trading range for the day, despite the fact that U.S. banks were closed.
With the possible exception of the USD/CAD, today should be a pretty normal Monday.
