Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Trump’s talks about naming successor to Powell, early. The wait until the US data dump keeping traders on the sideline US dollar opens with losses across the board. USDCAD: open 1.3688, overnight range 1.3680-1.3730, close 1.3726, WTI 65.04, Gold 3340.80 The Canadian dollar jumped aboard the sell-US dollar bandwagon with enthusiasm. The move […]
Market focus shifts to tariffs, interest rates and Fed Powell’s testimony. Middle East tensions ease-oil prices steady US dollar opens little changed from yesterday’s close. USDCAD: open 1.3730, overnight range 1.3708-1.3738, close 1.3725, WTI 65.04, Gold 3325.41 The Canadian dollar traded sideways in a quiet overnight session. Traders are waiting fresh catalysts and […]
Trump declares a cease-fire in Iran/Israeli war WTI oil prices plunge, stock markets rally US dollar reverses all yesterday’s gains USDCAD: open 1.3714, overnight range 1.3708-1.3738, close 1.3735, WTI 66.23, Gold 3319.68 The Canadian dollar reversed yesterday’s losses due to a wide-spread unwinding of US dollar safe-haven trades. President Trump declared that hostilities […]
Oil prices soar US dollar rises on safe-haven demand USDCAD: open 1.3795, overnight range 1.3738-1.3798, close 1.3735, WTI 74.58, Gold 3367.46 WTI oil prices soared from 73.19 to 78.39 in Asia but quickly erased most of the gains. Asia markets closed in negative territory. The ASX 200 and Japan’s Topix both fell 0.36%, while […]
Canada retail sales expected to rise just 0.4% compared to 0.8% in March. US dollar gives back some gains in overnight trading. USDCAD: open 1.3696, overnight range 1.3688-1.3719, close 1.3700, WTI 73.77, Gold 3356.11 The Canadian dollar drifted aimlessly overnight. Global risk sentiment received a mild boost. Markets are likely to stay cautious. Prime […]
US markets closed for Juneteenth Bank of England leaves rates unchanged, Swiss National Bank cuts US dollar opens with gains USDCAD: open 1.3715, overnight range 1.3686-1.3730, close 1.3696, WTI 73.64, Gold 3369.51 The Canadian dollar drifted lower overnight as bearish momentum carried over from yesterday’s post-FOMC move. The Fed’s tone added fuel to the […]
WTI firms on supply disruption concerns. Trump bails early on G-7-Trade deals scarce US dollar trading sideways due to conflicting forces USDCAD: open 1.3565, overnight range 1.3563-1.3584, close 1.3572, WTI 71.33, Gold 3385.97 The Canadian traded quietly and in a narrow band ahead of today’s US data dump. News that Trump and Carney are […]
Caution as G-7 meets in Alberta WTI oil consolidating gains US dollar slips as safe-haven fears ease. USDCAD: open 1.3572, overnight range 1.3570-1.3607, close 1.3582, WTI 70.85, Gold 3412.56 The Canadian rallied Friday and consolidated the gains overnight but it still maintains a bullish bias. Demand for the Loonie stems from the resurgence in […]
Global risk sentiment sours Tame US CPI boosts Fed rate cut hopes US dollar sinks on renewed risk aversion USDCAD: open 1.3648, overnight range 1.3643-1.3676, close 1.3673, WTI 67.16, Gold 3366.64 The Canadian dollar eked out small gains overnight due to a fresh bout of risk aversion washing over markets. That led to US […]
US/China tariff “framework” news supports equities. US May inflation expected to rise to 2.5% from 2.3% y/y US dollar opens little changed from yesterday. USDCAD: open 1.3682, overnight range 1.3665-1.3689, close 1.3674, WTI 65.67, Gold 3333.40 The Canadian dollar traded uneventfully overnight with traders awaiting today’s US inflation data for direction. The Canadian dollar […]
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