Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Access to China rare-earth minerals keeps US at negotiation table. Oil prices inch higher on US/China trade talk hopes. US dollar opens mixed but with a small bid. USDCAD: open 1.3700, overnight range 1.3694-1.3729, close 1.3701, WTI 65.44, Gold 3329.74 The Canadian dollar traded sideways and uneventfully overnight. Most traders were sidelined due to […]
Many European markets closed China/US talking trade in UK US dollar trading lower in holiday thinned trading USDCAD: open 1.3674, overnight range 1.3670-1.3700, close 1.3699, WTI 64.71, Gold 3318.64 The Canadian dollar drifted in a quiet European session as most major European centers were closed for Whitmonday holidays. The Canadian dollar weakened after the […]
Xi Jinping and Trump have a phone call Canada and US employment reports on tap US dollar opens with small gains from Thursday close. USDCAD open 1.3678, overnight range 1.3661-1.3687, close 1.3676, WTI 63.22, Gold 3357.26 The Canadian dollar traded sideways overnight in an uneventful session ahead of the US and Canadian employment […]
ECB rate cut of 25 bps fully priced in. Canada may retaliate to steel tariff increase. US dollar is soft due to rising Fed rate cut hopes USDCAD: open 1.3664, overnight range 1.3659-1.3684, close 1.3679, WTI 65.10, Gold 3388.94 The Canadian dollar rallied along with the rest of the G-7 major currencies following far weaker […]
White House trade offer deadline today-comply or face higher tariffs Bank of Canada policy meeting today-no change in rates US dollar range trading ahead of NFP on Friday USDCAD: open 1.3714, overnight range 1.3706-1.3732, close 1.3721, WTI 66.68, Gold 3362.88 The Canadian dollar shrugged off the latest tariff insult aimed directly at Canada. Trump […]
US Core-PCE prices index in focus. Tariff turmoil weighing on price action. US dollar lost ground in May-MXN outperforms. USDCAD: open 1.3819, overnight range 1.3801-1.3830, close 1.3808, WTI 61.32, Gold 3296.85 The Canadian dollar had a choppy May, bouncing between 1.3690 and 1.4015 but it is poised to finish the month almost right where […]
Post Court of International trade tariff decision gains fading. US data includes GDP and Core PCE expenditures US dollar opens mixed in choppy trading USDCAD: open 1.3822, overnight range 1.3817-1.3862, close 1.3839, WTI 62.78, Gold 3282.36 The Canadian dollar was choppy overnight but opened little changed in NY due to the reaction to the […]
FOMC minutes unlikely to offer fresh insight. RBNZ cuts rates by 25 bps to 3.25%-more cuts ahead. US dollar opens mixed in uninspired trading. USDCAD: open 1.3825, overnight range 1.3802-1.3839, close 1.3813, WTI 61.30, Gold 3324.23 The Canadian dollar fell yesterday then consolidated the losses overnight. The catalyst for the sell-off was stronger-than-expected U.S. […]
Equities Rally on Japan’s bond plans US Durable Goods Orders data on tap. US rallies across the board on lower Treasury yields. USDCAD: open 1.3761, overnight range 1.3722.1.3769, close 1.3737, WTI 61.67, Gold 3298.30 The Canadian dollar rally stalled overnight after Japan’s Ministry of Finance’s hint of a long-bond issuance tweak sparked renewed demand […]
Trump Gives EU reprieve on 50% tariff—until July 9 US and UK holidays ensure quiet Monday US dollar decline resumes USDCAD: open 1.3720, overnight range 1.3687-1.3740 close 1.3735, WTI 61.59, Gold 3329.37 The Canadian dollar is on a tear. Prices ripped through resistance like a hot knife through butter and are now at levels […]
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