Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
US PCE index data is stale and should be a non-event Canada employment report on tap US dollar is grinding higher, albeit modestly USDCAD open: 1.3946, overnight range 1.3941-1.3961, close 1.3959, WTI 59.58, Gold 4222.25 The Canadian dollar is trading sideways in a relatively tight range and is on track to close the week […]
BoJ expected to hike rates December 19 Recent US data confirms Fed rate cut next week US dollar choppy but offered in quiet trading USDCAD open: 1.3948, overnight range 1.3945-1.3975, close 1.3968, WTI 59.50, Gold 4200.94 The Canadian dollar is consolidating its recent gains as FX markets continue to digest the implications of a […]
Trump’ s Fed Chair comment sparks US dollar selling Oil prices rebound on API drawdown US dollar opens with losses across the board USDCAD open: 1.3948, overnight range 1.3945-1.3975, close 1.3968, WTI 59.50, Gold 4200.94 The Canadian dollar has caught an updraft thanks to diverging expectations for the December BoC and Fed meetings. Markets […]
US Markets closed for Thanksgiving Carney tweaks steel tariffs US dollar consolidating losses in quiet trading USDCAD open: 1.4045, overnight range 1.4029-1.4050, close 1.4042, WTI 58.83, Gold 4156.25 The Canadian dollar is quiet as it consolidates this weeks gains ahead of what is certain to be a uneventful trading session due to the US […]
RBNZ cuts rates as expected Americans heading home for the holidays US dollar trading defensively USDCAD open: 1.4086, overnight range 1.4068-1.4105, close 1.4101, WTI 57.94, Gold 4159.73 The Canadian dollar squeezed higher on the back of widespread US selling pressure. Yesterday US retail sales numbers were soft and despite the data being stale, trader […]
Fed December rate cut odds sore Ottawa and Alberta talk pipeline US dollar opens mixed to bid USDCAD open: 1.4113, overnight range 1.4102-1.4124, close 1.4107, WTI 58.62, Gold 4131.84 The Canadian dollar is still playing defense. The currency pair only saw limited benefit from Fed Governor Christopher Walker’s comments supporting a December rate cut. […]
Markets undecided due to Fed and Russia/Ukraine Oil prices trading sideways, bearish bias US dollar starts session on a mixed noted USDCAD open: 1.4111, overnight range 1.4091-1.4115, close 1.4103, WTI 57.73, Gold 4064.23 The Canadian dollar continues to consolidate last weeks losses as traders get comfortable with the currency pair above the psychological USDCAD […]
Risk sentiment sours on US jobs data Japan announces major fiscal stimulus package US dollar opens with gains USDCAD open: 1.4093, overnight range 1.4082-1.4106 close, 1.4098, WTI 57.48, Gold 4037.85 The Canadian dollar dropped yesterday and continued to do so overnight and in early NY trading today. Broad-based US dollar demand, and downbeat economic […]
Hawkish FOMC minutes give greenback a lift Equity markets rebound after Nvidia earnings US dollar firmer across the board. USDCAD open: 1.4053, overnight range 1.4042-1.4063 close 1.4050, WTI 59.79, Gold 4058.97 The Canadian dollar was already sinking when the FOMC minutes were released and it continued to do so overnight. The Canadian dollar suffered […]
Carney government survives no-confidence vote-budget passes Equity markets under pressure US dollar trading modestly bid on safe haven demand USDCAD open: 1.4036, overnight range 1.4035-1.4063, close 1.4057, WTI 59.89, Gold 4044.14 The Canadian dollar recovered from its session low after global stocks tumbled ahead of incoming US data. Prime Minister Mark Carney’s government […]
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