Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
US NFP expected at 142,000 (previous 140,000) Oil rises with geopolitical tensions, US dollar traded quietly overnight ahead of today’s US employment numbers. USDCAD: open 1.3557, overnight range 1.3544-1.3568, close 1.3556, WTI $74.45, Gold, $2657.47 The Canadian dollar is under pressure and is testing key support levels despite a surge in WTI oil prices. USDCAD […]
Rising tensions in Middle East spark risk aversion trades. Japanese yen sinks on talk that rate hikes are on hold. US dollar rallies across the board, JPY underperforms. USDCAD: open 11.3535, overnight range 1.3496-1.3531, close 1.3503, WTI $71.34, Gold, $2645.10 The Canadian dollar erased all of yesterday’s gains due to widespread US dollar demand as […]
Oil rally boosts Canadian dollar. US data supports Powell’s caution. US dollar is bid on geopolitical tensions. USDCAD: open 1.3489, overnight range 1.3476-1.3498, close 1.3494, WTI $71.84, Gold, $2652.93 The Canadian dollar rallied in tandem with a surge in oil prices yesterday, but further gains may be a struggle depending upon upcoming US economic data. […]
Loonie lagging commodity currency bloc gains. Fed Powell pushes back against 50 bp rate cut speculation. US dollar rebounds against majors except against antipodeans. USDCAD: open 1.3533, overnight range 1.3490-1.3540, close 1.3526, WTI $67.11, Gold, $2649.02 The Canadian dollar is sluggish. The Loonie could not get any upward traction after August GDP rose a smidgen […]
Loonie soars as CAD/US interest rate spreads widen. China cuts its 1-year Medium Term Rate. US dollar consolidating yesterday’s losses USDCAD: open 1.3438, overnight range 1.3420-1.3441, close 1.3432, WTI $71.14, Gold, $2657.14 The Canadian dollar soared yesterday on the back of widening CAD and US interest rate differentials in favour of Canada and because of […]
Risk sentiment improves after another Chinese stimulus push Weak German data weighs on EUR US dollar opens steady but under pressure. USDCAD: open 1.3510, overnight range 1.3506-1.3542, close 1.3541, WTI $72.19, Gold, $2630.95 The Canadian dollar made a break higher yesterday on the back of dovish comments from a non-voting FOMC member, but the gains […]
China rate cut improves risk sentiment. Eurozone and UK PMI data is disappointing. US dollar trading lower vs commodity currency bloc but higher against Europe. USDCAD: open 1.3562, overnight range 1.3549-1.3583, close 1.3576 , WTI $71.12, Gold, $2621.19 The Canadian dollar drifted higher overnight and is attempting to break through resistance to extend gains. The […]
Canada Retail Sales ahead Central Banks in China and Japan leave rates unchanged. US dollar attempting to stem recent losses. USDCAD: open1.3573, overnight range 1.3553-1.3577, close 1.3560, WTI $70.81, Gold, $2606.81 The Canadian dollar is consolidating yesterday’s gains with price action at the whim of prevailing US dollar sentiment. Trading may be extra-volatile today in […]
FX markets churn post-FOMC decision. Bank of England stays the course-leaves rates unchanged US dollar trading with a small bid after overnight price swings. USDCAD: 1.3538, overnight range 1.3533-1.3648, close 1.3605, WTI $70.79, Gold, $2591.94 The Canadian dollar was whip-sawed following the FOMC decision to slash US interest rates by 50 bps, and the volatility […]
Canada CPI hits BoC target Markets on hold until FOMC meeting results at 2:00 pm US dollar opens little changed from close but lower from yesterday. USDCAD: open 1.3586, overnight range 1.3582-1.3598, close 1.3598, WTI $68.01, Gold, $2572.31 The Canadian dollar is idling ahead of the key FOMC meeting this afternoon. The meeting is being […]
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