Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
US and UK markets are closed on Monday Canada Retail Sales data for March on tap-forecast 0.7% m/m (vs -0.4% previously) US dollar extends losses in pre-long weekend trading. USDCAD: open 1.3805, overnight range 1.3804-1.3866, close 1.3858, WTI 61.16, Gold 3328.83 The Canadian dollar is attempting to extend this week’s gains as traders focus […]
US Treasury Secretary agrees yen is fairly valued. Global equities extend losses-S&P 500 futures in positive territory. US dollar is consolidating yesterday’s losses USDCAD: open 1.3881, overnight range 1.3846-1.3885, close 1.3860, WTI 60.64, Gold 3306.67 The Canadian dollar is consolidating yesterday’s losses. Prices bounced off of resistance yesterday, but the intraday and short-term technical trends […]
Traders wary of G-7 Finance Minister comments on currencies. UK inflation rises more than expected-tax hikes blamed. US dollar continues to slide. USDCAD: open 1.3888, overnight range 1.3868-1.3922, close 1.3918, WTI 62.85, Gold 3313.59 The Canadian dollar extended yesterday’s gain overnight due to renewed widespread US dollar selling pressures. Yesterday’s rally began after Statistics Canada […]
G-7 Finance Ministers meeting in Banff, Alta, begins tomorrow. Wall Street shrugs off Moody’s downgrade of US debt to Aa1, from Aaa. US dollar trickling lower. USDCAD: open 1.3962, overnight range 1.3935-1.3969, close 1.3960, WTI 61.60, Gold 3209.40 USDCAD dropped due to broad US dollar selling pressure yesterday after Friday’s news that Moody’s downgraded US […]
US Michigan Consumer Sentiment ahead. US dollar remains on the defensive after soft data yesterday. USDCAD: open 1.3962, overnight range 1.3935-1.3969, close 1.3960, WTI 61.60, Gold 3209.40 The Canadian dollar is directionless and stuck inside yesterday’s range with direction determined by broad-US dollar moves vs the major currencies. However, the upside remains limited as long […]
WTI oil prices fall 3.8% on possible US/Iran nuclear deal. US Retail Sales and speech by Powell in focus today. US dollar mixed overnight but claws back losses from yesterdays open. USDCAD: open 1.3981, overnight range 1.3960-1.3989 close 1.3985, WTI 60.55, Gold 3164.72 The Canadian dollar remains rangebound but is trading erratically inside that band […]
US/China: US claims “a deal”—China “important consensus” Equities and greenback soar, Treasury yields rise. US dollar rebounds with gains across the board USDCAD: open 1.3970, overnight range 1.3901-1.3988, close 1.3939, WTI 62.91, Gold 3215.49 The Canadian dollar suffered a one-two punch. The shot to the nose came after another very weak employment report on Friday, […]
Canada expected to recoup last months job losses. US/UK trade announcement is no deal, merely hyperbole US dollar opening with gains compared to the close but lower than yesterday. USDCAD: open 1.3884, overnight range 1.3813-1.3890, close 1.3841, WTI 61.06, Gold 3325.08 The Canadian dollar extended its post-FOMC losses after a downbeat Financial Stability review from […]
UK/US trade deal announcement at 10:00 am Bank of England cuts rates by 25 bps, as expected US dollar rallies across the board. USDCAD: open 1.3884, overnight range 1.3813-1.3890, close 1.3841, WTI 58.79, Gold 3331.59 The Canadian dollar outlook soured yesterday following the FOMC decision to not only leave rates unchanged (which was expected) but […]
FOMC meeting today-rates to be left unchanged. Trump blinks and China agrees to meet—in Switzerland US dollar trading with a mixed bias on improved risk sentiment. USDCAD: open 1.3798, overnight range 1.3767-1.3804 close 1.3777, WTI 59.48, Gold 3369.78 The Canadian dollar rose on the back of the news that the US and China will meet […]
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