Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Trump reiterates universal tariffs. Equities attempting to recoup yesterday’s losses. USD rallies against all the majors-JPY is the weakest. USDCAD: open 1.4413, overnight range 1.4367-1.4416, close 1.4376, WTI $73.64, Gold, $2742.95 The Canadian dollar’s pleasant drift higher yesterday ended abruptly because of a spike in risk aversion. The NASDAQ plunged 3.07% and wiped out $1.0 […]
Canadian dollar awaiting BoC and tariffs. Risk aversion rises on tariffs and AI USD trading with mixed bias USDCAD: open 1.4359, overnight range 1.4340-1.4402, close 1.4345, WTI $74.69, Gold, $2767.39 The Canadian dollar traded sideways in a somewhat choppy market as holidays in Australia and New Zealand reduced FX liquidity. Traders are looking ahead to […]
Loonie consolidates gains following Trump’s Davos speech. Trump tells Opec to lower prices. USD falls sharply on improved risk sentiment. USDCAD: open 1.4328, overnight range 1.4315-1.4384, close 1.4385, WTI $75.05, Gold, $2776.05 The Canadian dollar rallied alongside the other major G-10 currencies after President Trump toned down remarks about new trade tariffs for China. […]
Lack of tariffs improves risk sentiment. Global equities grind higher. USD slides on profit-taking. USDCAD: open 1.4320, overnight range 1.4301-1.4354, close 1.4325, WTI $76.36, Gold, $2760.21 The Canadian dollar has stepped back from the brink and is continuing to flirt with its long term downtrend line. The Loonies gains are solely due to profit-taking […]
Trump comments roil FX markets Canada inflation expected to fall USD opens with small losses after wild 24 hours. USDCAD: open 1.4436, overnight range 1.4290-1.4510, close 1.4309, WTI $75.50, Gold, $2719.55 The Canadian dollar rallied in the wake of Trump’s inaugural speech after the incoming President did not mention anything about tariffs on Canada. […]
US markets closed for MLK day Global markets on hold for Trump inauguration. USD is steady but firm after quiet overnight session. USDCAD: open 1.4470, overnight range 1.4443-1.4486, close 1.4477, WTI $77.00, Gold, $2708.48 The day of reckoning has arrived for the Canadian dollar. Donald Trump’s presidency officially begins, and Canada is waiting to […]
US October CPI expected unchanged at 0.2% m/m Global markets treading cautiously in wake of Trump re-election. US dollar opens mixed but remains on a firm footing. USDCAD: open 1.3958, overnight range,1.3941-1.3963, close 1.3945, WTI $68.69, Gold, $2608.89 The Canadian dollar traded quietly in a dull overnight session with today’s release of US October inflation […]
FOMC officials will be chattering up a storm today. US dollar rallies across the board. USDCAD: open 1.3962, range (since Friday) 1.3898-1.3967 close 1.3915, WTI $68.50, Gold, $2597.44 There are plenty of Fed officials offering opinions today. They include Kansas City Fed President Jeff Schmid, St. Louis Fed President Alberto Musalem, New York Fed President […]
Canada expected to have added 25,000 new jobs in October. Fed cuts rates by 25bps as expected. US dollar gives back some of this week’s gains. USDCAD: open 1.3891 overnight range 1.3858-1.3905 close 1.3863, WTI $71.09, Gold, $2688.85 The Canadian dollar is lost ground compared to yesterday’s closing level and added to the losses in […]
Fed rate cut of 25 bps fully priced in. BoE does as expected and cuts rates by 25 bps. US dollar trading with a bit of a bid ahead of Fed meeting USDCAD: open 1.3885 overnight range 1.3871-1.3949 close 1.3941, WTI $71.08, Gold, $2666.62 The Canadian dollar is steady and opened nearly unchanged from where […]
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