Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Canada CPI expected to rise 2.1% y/y down from 2.5% in July. US Retail Sales forecast is a drop of 0.2% m/m in August. US dollar steady and rangebound overnight. USDCAD: open 1.3584, overnight range 1.3579-1.3599, close 1.3588, WTI $68.69, Gold, $2573.45 The Canadian dollar just spun its wheels in an uneventful overnight session. However, […]
Bank of Canada Governor Tiff Macklem hints at 50 bp rate cut US dollar slides and CAD underperforms. USDCAD: open 1.3580, overnight range 1.3566-1.3598, close 1.3587, WTI $68.19, Gold, $2586.06 The Canadian dollar lost some ground against the US dollar since Friday’s NY open, and it was the only major G-10 currency to do so. […]
Odds of 50 bp Fed rate cut rise. Russia expels 6 UK diplomats US dollar trading defensively. USDCAD: open 1.3573, overnight range 1.3565-1.3585, close 1.3579, WTI $69.83, Gold, $2568.15 The Canadian dollar drifted aimlessly yesterday and overnight despite the US dollar coming under pressure against the other G-10 currency pairs. Yesterday, US inflation data and […]
ECB rate cut to be followed by cautious guidance. US data includes weekly jobless claims and August PPI US dollar trading sideways despite improved risk sentiment. USDCAD: open 1.3571, overnight range 1.3564-1.3586, close 1.3578, WTI $68.64, Gold, $2519.09 The Canadian dollar dropped yesterday after the US inflation report suggested that the Fed would not cut […]
US CPI data overshadows debate. USDJPY gives back all of its 2024 gains. US dollar retreats modestly, post-debate. USDCAD: open 1.3588, overnight range 1.3556-1.3579, close 1.3610, WTI $67.41, Gold, $2523.25 The Canadian dollar is the yoyo, and the greenback is the yoyoer. Prevailing US dollar sentiment on any given day determines what tricks the yoyoer […]
China trade surplus soars on export increase. UK employment numbers support GBPUSD US dollar trading sideways with slight bid. USDCAD: open 1.3569, overnight range 1.3556-1.3579, close 1.3558, WTI $67.77, Gold, $2506.06 The Canadian dollar traded quietly and in a narrow range overnight and that is not likely to change today. The US and Canadian economic […]
Weak US and Canadian jobs data sinks Loonie Markets are cautious ahead of US inflation numbers on Wednesday. US dollar trading with bullish bias. USDCAD: open 1.3566, overnight range 1.3552-1.3573, close 1.3575, WTI $68.38, Gold, $2496.31 The Canadian dollar rally ended abruptly on Friday with a fast and furious slide that lifted the USDCAD rate […]
US and Canada job data on tap Opec delays production increase. US dollar trading with bearish bias across the board. USDCAD: open1.3493, overnight range 1.3486-1.3506, close 1.3502, WTI $69.53, Gold, $2519.09 The Canadian dollar rallied after weaker-than-expected US ADP employment change data yesterday, setting the stage for a volatile market reaction to today’s US nonfarm […]
BoC cuts rates and indicates more cuts to come. US employment data is in focus US dollar sank yesterday and is on the defensive today USDCAD: open 1.3514, overnight range 1.3504-1.3517, close 1.3507, WTI $69.67, Gold, $2515.20 The Canadian dollar rallied despite the Bank of Canada (BoC) trimming its benchmark rate for the third consecutive […]
Traders expect a 25 bp rate cut from Bank of Canada. JOLTS Survey is focus for traders today. US dollar consolidating yesterday’s moves. USDCAD: open 1.3556, overnight range 1.3533-1.3563, close 1.3552, WTI $70.00, Gold, $2481.72 The Canadian dollar traded negatively yesterday as it was caught up in a wave of negative risk sentiment. Disappointing US […]
AUD
CAD
EUR
GBP
NZD
USD
