Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Trump wins and US dollar soars Focus shifting to FOMC meeting tomorrow. US dollar rallies hard against all the majors. USDCAD: open 1.3893 overnight range 1.3822-1.3939 close 1.3826, WTI $70.98, Gold, $2720.82 The Canadian dollar is back on the defensive following Donald Trump’s election victory. The US election overshadowed all else. The release of […]
Global markets in park until after US election. China data and RBA boost AUD US dollar opens modestly lower after dull overnight session. USDCAD: open 1.3885, overnight range 1.3880-1.3907 close 1.3902, WTI $71.75, Gold, $2738.53 The Canadian dollar pulled back from the edge of the abyss yesterday then traded quietly and in a narrow […]
FOMC and Election the key focus Opec delays December production hike. US dollar is trading defensively in thin markets. USDCAD: open 1.3910, overnight range 1.3892-1.3928 close 1.3961, WTI $71.30, Gold, $2739.02 The Canadian dollar looked like it was going to fall off a cliff when NY markets closed on Friday. It was trading […]
Weak Canadian growth weighs on Loonie Nonfarm payrolls likely a non-event due to upcoming US election US dollar opens drifts higher in dull overnight session. USDCAD: open 1.3930, overnight range 1.3925-1.3943, close 1.3935, WTI $71.23, Gold, $2750.99 A 6.3% surge in WTI oil prices since Tuesday has not had any noticeable impact on the […]
Canadian economic growth expected to be flat in August. US data will be overshadowed by upcoming election. US dollar opens mixed, but little changed from yesterday. USDCAD: open 1.3920, overnight range 1.3899-1.3922, close 1.3904, WTI $68.86, Gold, $2777.81 The Canadian dollar is starting today’s session little changed from yesterday and that is despite more […]
Loonie suffers on interest rate outlook. US GDP and quarterly earnings reports in focus. US dollar trades modestly lower but not against CAD USDCAD: open 1.3915, overnight range 1.3902-1.3925, close 1.3915, WTI $67.59, Gold, $2784.56 The Canadian dollar was the laggard yesterday and in overnight trading. The US dollar drifted lower against the G-10 […]
BoC Governor testifies to Parliament today. Focus is on US election, not data. US dollar opens defensively as it consolidates recent gains. USDCAD: open 1.3880, overnight range 1.3876-1.3901, close 1.3889, WTI $67.95, Gold, $2752.49 The Canadian dollar drifted sideways in an uneventful overnight session as FX traders adopt a wait and see approach to […]
CAD/US 10-year yield spreads widen in favour of US Sinking oil prices weighing on Loonie. USDCAD: open 1.3895, overnight range 1.3886-1.3907, close 1.3894, WTI $67.16, Gold, $2729.16 The Canadian dollar came under renewed pressure overnight stemming from geopolitical issues. Oil traders reacted and sold WTI, driving the price down 6.6%. The oil price drop […]
Canadian Retail Sales expected to rise 0.5%m/m in August. US Durable Goods data and Consumer Sentiment should support greenback US dollar opens mixed, but commodity bloc underperforms. USDCAD: open 1.3847, overnight range 1.3844-1.3857, close 1.3856, WTI $70.53, Gold, $2721.69 The Canadian dollar drifted lower in a quiet overnight session. Traders continue to digest the […]
Bank of Canada cuts rates 50 bps and indicates more cuts to come. Eurozone and UK ignoring PMI reports. US dollar is trading defensively, albeit only modestly. USDCAD: open 1.3819, overnight range 1.3813-1.3843, close 1.3838, WTI $72.25, Gold, $2736.61 The Canadian dollar is trading right back to where it was before the Bank of […]
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