Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Powell and Payrolls in focus Oil price plunge on Opec plan to boost production. US dollar rallies from yesterday’s NY close-AUD is the worst performing G-10 currency. USDCAD: open 1.4209, overnight range 1.4054-1.4209, close 1.4097, WTI 64.71, Gold 3091.53 The Canadian dollar rally ran out of gas yesterday afternoon and slid steadily throughout the overnight […]
Global equity indexes plunge in wake of Trump tariffs. US ISM services and weekly jobless claims data overshadowed by tariff news. US dollar plunges across the board USDCAD: open 1.4125, overnight range 1.4113-1.4319, close 1.4236, WTI 68.38, Gold 3114.61 The Canadian dollar soared after Trump levied a minimum of 10% tariff on 60 countries. Canada […]
Markets treading water ahead of Tariff announcements at 4:00 pm EDT. US ADP payrolls data in focus (forecast 105,000, previous 77,000) US dollar retreats modestly in quiet session. USDCAD: open 1.4312, overnight range 1.4284-1.4327, close 1.4304, WTI 71.15, Gold 3130.99 The Canadian dollar caught a bid yesterday after US ISM and JOLTS job openings reports […]
Looming tariffs are weighing on the Loonie US ISM Manufacturing PMI expected to dip to 49.5 from 50.3. US dollar trading sideways but bid against commodity bloc. USDCAD: open 1.4369, overnight range 1.4367-1.4404, close 1.4388, WTI 71.70, Gold 3132.33 The Canadian dollar is slowly sinking as Trump’s tariff day approaches. CAD sentiment is bearish, as […]
Risk aversion soars as tariff day nears Economic data takes a back seat to headlines. US dollar opens broadly mixed-Safe-haven currencies gain USDCAD: open 1.4353, overnight range 1.4276-1.4362, close 1.4320, WTI 69.51, Gold 3114.57 The Canadian dollar dropped on the back of rising risk aversion sentiment which roiled markets worldwide. Canadian dollar price action is […]
US Core PCE Index expected to rise to 2.7% from 2.6% y/y Canada GDP expected to have ticked higher in January. US dollar opens mixed-commodity currency bloc underperform. USDCAD: open 1.4326, overnight range 1.4301-1.4333, close 1.4306, WTI 70.03, Gold 3072.97 The Canadian dollar traded negatively yesterday and extended its losses overnight as Trump’s tariff Tuesday […]
Trump slaps tariffs on autos. Tariff noise will overshadow US GDP data. USD dollar opens mixed to a tad softer compared to close. USDCAD: open 1.4286, overnight range 1.4260-1.4316, close 1.4265, WTI 69.43, Gold 3040.42 The Canadian dollar ignored President Trump ‘s latest tariff salvo. Late yesterday afternoon, Trump announced 25% tariff on all cars […]
Loonie traders ignoring tariff threats. Canadians hoping to avoid the worst of Trump’s tariffs. USD dollar opens with modest losses. USDCAD: open 1.4253, overnight range 1.4247-1.4299, close 1.4280, WTI 69.46, Gold 3018.22 The Canadian dollar inched higher overnight as traders appear to ignore the looming tariff threats. The ongoing Canadian federal election is a non-event […]
Improved risk sentiment on Tariff walk-back lifts Loonie. US consumers may not be very confident. USD trading defensively but inside well-defined ranges. USDCAD: open 1.4319, overnight range 1.4285-1.4333 close 1.4319, WTI 69.58, Gold 3023.63 The Canadian dollar is trading higher after improved sentiment stemming from Trump’s latest tariff U-turn. He hinted that auto tariffs might […]
Canadian Federal election April 28-beware of polls US may water down April 2 tariffs. USD opens slightly lower across the board on improved risk sentiment. USDCAD: open 1.4337, overnight range 1.4314-1.4344, close 1.4325, WTI 68.58, Gold 3024.51 The Canadian dollar has a lot going on domestically; weak consumer spending, rising inflation and a federal election […]
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