Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Holidays in Europe reduce trading volumes Weekly jobless claims and retail sales highlights of US data dump. US dollar trading quietly and mixed. USDCAD: open 1.3704, overnight range 1.3702-1.3726, close 1.3717, WTI $77.50, Gold, $2457.09 The Canadian dollar is grinding out gains, mainly due to widespread US dollar selling against the majors. The Canadian dollar […]
Soft US inflation data hope driving US dollar down. RBNZ turns dovish and cuts rates by 25 bps. US dollar trading with negative bias. USDCAD: open 1.3702, overnight range 1.3700-1.3721, close 1.3706, WTI $78.18, Gold, $2473.90 The Canadian dollar is riding high thanks to wide-spread US dollar selling in anticipation of the Fed launching a […]
US PPI ex food and energy forecast 2.7% y/y vs June 3.0% WTI oil prices climb on escalating Iran and Israel tensions. US dollar opens mixed-Commodity currencies outperform. USDCAD: open 1.3731, overnight range 1.3727-1.3748, close 1.3744, WTI $79.94, Gold, $2460.70 The Canadian dollar remains stuck in a rut, with the rally that began on August […]
Loonie rises despite weak employment numbers. Top-tier data glut coming down the pipe this week, but not today. US dollar slides undecided after dull overnight session. USDCAD: open 1.3721, overnight range 1.3719-1.3741, close 1.3731, WTI $77.75, Gold, $2443.27 The Canadian dollar not only survived a second consecutive weaker-than expected employment report, but it also managed […]
Canada’s unemployment rate expected to rise to 6.5% from 6.4%. Global equity rally improves risk sentiment. US dollar slides with stock market gains. USDCAD: open 1.3733, overnight range 1.3718-1.3744, close 1.3735, WTI $76.35, Gold, $2432.72. The Canadian dollar had a wild week and despite teetering on the edge of the abyss on holiday Monday in […]
Equity rally was short-lived-global indices posting losses. BoC minutes show policymakers fear slowing growth. US dollar trading quietly on a mixed note. USDCAD: open 1.3746, overnight range 1.3727-1.3762, close 1.3760, WTI $74.83, Gold, $2396.57 The Canadian dollar rally stalled yesterday, and prices drifted inside yesterday’s range, in an uneventful overnight session. The Summary of Deliberations […]
Sunny days-global equity indexes rally. Loonie soars as CAD/US interest rate spreads narrow. US dollar trading defensively but JPY sharply lower. USDCAD: open 1.3748, overnight range 1.3748-1.3791, close 1.3785, WTI $74.03, Gold, $2394.39 The Canadian dollar is back from the brink. After nearly falling off a cliff on Friday, the Loonie has recouped all its […]
Global equities attempting to bounce back from melt-down. Reserve Bank of Australia leaves rates unchanged, as expected. US dollar opens mixed after two-day rollercoaster ride. USDCAD: open 1.3845, overnight range 1.3793-1.3857, August 2 close 1.3874, WTI $73.28, Gold, $2413.61 The Canadian dollar had a wild holiday weekend, which kicked off Friday when the US nonfarm […]
Safe-haven demand weighing on Treasury yields while boost gold prices. US nonfarm payrolls forecast to rise 180,000 in July (previous 206,000). US dollar opens mixed, consolidating yesterday’s gains. USDCAD: open 1.3876, overnight range 1.3853-1.3888, close 1.3874, WTI $76.55, Gold, $2463.45 A weaker-than-expected US employment report, featuring fewer new jobs and a higher unemployment rate, will […]
GBPUSD tumbles after BoE cuts rates. Fed keeps September rate cut hopes alive. US dollar rebounds from yesterday’s lows. USDCAD: open 1.3833, overnight range 1.3800-1.3836, close 1.3808, WTI $78.52, Gold, $2433.10 The Canadian dollar attempted to rally following the FOMC statement and Fed Chair Powell’s press conference yesterday but was unable to sustain the gains. […]
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