Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Relief rally lifts Loonie US reciprocal tariffs delayed until April USD opens defensively The Canadian dollar surged yesterday, crashing through resistance and reaching a level last seen in the middle of December. The gains were fueled by relief that President Trump’s reciprocal tariff plan would be delayed until April. The Canadian dollar rally is […]
Possible Ukraine/Russia peace talks boost risk sentiment Canada could face more Trump tariffs today. USD opens rangebound and mixed. USDCAD: open 1.4290, overnight range 1.4255-1.4307, close 1.4309, $70.23, Gold, $2918.02 The Canadian dollar rode a wave of positive risk sentiment in Asia but quickly gave back all the gains by the time NY opened. […]
Canadian dollar awaiting US inflation data. Fed Chair Powell testifies again-this time to the House at 10:00 am. USD opens on a mixed not with the Japanese yen underperforming. USDCAD: open 1.4308, overnight range 1.4280-1.4316, close 1.4285, $72.29, Gold, $2883.23 The Canadian dollar is drifting higher ahead of today’s US inflation report, but gains […]
Canadian dollar shrugs off latest Trump tariff Fed Chair Powell testifies at 3:00 pm USD opens with modest gains after cautious overnight session. USDCAD: open 1.4343, overnight range 1.4316-1.4345, close 1.4318, $73.18 Gold, $2903.43 The Canadian dollar traded sideways in an uneventful overnight session despite President Trump imposing tariffs on imports of Canadian steel […]
Canadian dollar sinks then climbs on latest Trump tariff salvo New Trump tariffs sour risk sentiment. USD opens higher-EURUSD loses the most. USDCAD: open 1.4333, overnight range 1.4316-1.4381, close 1.4292, $71.94, Gold, $2902.66 The Canadian dollar traded rather excitedly in the opening hours of Asia. It fell to its session low very early on then […]
Upside risk to Canada job gain forecast of 25,000. NFP revisions are key to US dollar trading today. USD opens little changed after quiet overnight session. USDCAD: open 1.4325 overnight range 1.4302-1.4327, close 1.4306 WTI $71.15, Gold, $2867.47 The Canadian dollar drifted higher alongside broad US dollar weakness yesterday but traded quietly overnight. Statistics […]
Canadian dollar returns to early January level. Global risk sentiment improves after China’s “measured” tariff retaliation. US dollar on the defensive with losses across the board. USDCAD: open1.4279 overnight range 1.4272-1.4345, close 1.4323, WTI $72.09, Gold, $2867.98 The Canadian dollar is soaring. USDCAD has dropped from a peak of 1.4795 on Monday night in […]
Canada-US trade war averted-for now China hits back at Trump tariffs US dollar gives back most of yesterday’s gains USDCAD: open 1.4408 overnight range 1.4387-1.4503 close 1.4427, WTI $71.88, Gold, $2813.79 The Canadian dollar is back to where it was on Friday after the Canada-US trade war was delayed until March. It is […]
Tariffs are coming to Canada and Mexico US PCE Price index data on tap USD grinding higher. USDCAD: open1.4489 overnight range 1.4431-1.4511, close 1.4492, WTI $72.506 Gold, $2793.35 The Canadian dollar plunged nearly 200bps late Thursday afternoon after Trump appeared to reaffirm his desire to levy 25% tariffs on Canada. In an interview with […]
BoC expected to cut rates by 25 bps-FOMC to leave them unchanged. Lunar New Year begins in Asia-many centers are closed. USD trades drifting ahead of FOMC meeting. USDCAD: open 1.4429, overnight range 1.4392-1.4434, close 1.4402, WTI $73.03, Gold, $2758.27 The Canadian dollar came under renewed pressure yesterday and it continued in overnight trading. […]
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