Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
US/CAD bilateral trade negotiations are in the spotlight. Hong Kong Monetary Authority says it is diversifying from US assets. US dollar claws back some losses. USDCAD: open 1.3829, overnight range 1.3808-1.3845 close 1.3824, WTI 54.49, Gold 3312.08 The Canadian dollar remains range bound but with some selling pressure evident ahead of Prime Minister Carney’s meeting […]
Opec says it will increase production by another 411k barrels/day in June. China, and UK closed for holiday. US dollar trading with a neutral bias in thin trading USDCAD: open 1.3788, overnight range 1.3787-1.3829 close 1.3820, WTI 54.49, Gold 3312.08 The Canadian dollar is trading slideway’s but with a slight bullish bias, despite sharply lower […]
Risk sentiment improves as US/China trade tensions thaw. US NFP expect to rise 130,000 vs 228,000 in April. US dollar opens mostly lower compared to Thursday, ahead of jobs data. USDCAD: open 1.3811, overnight range 1.3803-1.3858, close 1.3856, WTI 58.86, Gold 3265.58 The Canadian dollar is trading sideways and awaiting direction from today’s US jobs […]
Bank of Japan leaves rates unchanged-blames tariff uncertainty. S&P 500 futures soar in holiday-thinned markets US dollar grinds higher USDCAD: open 1.3823, overnight range 1.3784-1.3825, close 1.3801, WTI 56.70, Gold 3218.69 The Canadian dollar gave back some of yesterday’s gains after the US caught a bid in overnight markets Yesterday Statistics Canada reported that March […]
US data eyed for details of Trump’s tariff fall-out. Eurozone data dump largely ignored US dollar grinds out gains-CAD and MXN outperform USDCAD: open 1.3834, overnight range 1.3817-1.3847, close 1.3834, WTI 60.06, Gold 3275.34 The Canadian dollar is inching higher in subdued trading conditions ahead of this morning’s US and Canadian economic releases. February GDP […]
Carney leads Liberals to victory—opposition leaders lose their seats. US JOLTS data and Consumer Confidence put the focus on recession risks. US dollar opens higher compared to close. USDCAD: open 1.3847, overnight range 1.3808-1.3872, close 1.3829, WTI 61.20, Gold 3310.44 The Canadian dollar remains trapped in its well-defined range as traders remain fixated on Trump’s […]
Cautious start to trading ahead of key US data this week and month end flows. Global equities rise on improved risk sentiment. US dollar dips on improved risk sentiment. USDCAD: open 1.3872, overnight range 1.3850-1.3893, close 1.3856, WTI 62.72, Gold 3274.26 The Canadian dollar continues to drift aimlessly with the same range that has […]
China and US talk about lowering some tariffs on some goods. Canada Retail Sales -Ex autos forecast -0.4% (previously 0.2% m/m) US dollar catches a bid-JPY underperforms. USDCAD: open 1.3891, overnight range 1.3845-1.3893, close 1.3857, WTI 62.43, Gold 3292.57 The Canadian dollar dropped in the wake of fresh US dollar demand vs the G-10 currencies […]
Renewed trade fears turn sentiment bearish. US Durable Goods Orders and weekly jobless claims on tap. US dollar consolidating yesterdays gains but opens on the defensive. USDCAD: open 1.3844, overnight range 1.3840-89, close 1.3881, WTI 62.64, Gold 3376.71 The Canadian dollar is giving back yesterday’s gains on the heels of Trump’s latest tariff broadside against […]
Risk sentiment turns positive as Trump back-tracks on Powell. Stock markets rally and Treasury yields sink US dollar rallies but CAD and MXN outperform USDCAD: open 1.3805, overnight range 1.3798-1.3861, close 1.3815, WTI 64.54, Gold 3318.08 The Canadian dollar has whip-sawed in a 1.3780-1.3860 range since Monday with traders struggling to find direction. The Canadian […]
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