Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
FOMC decision ahead BoJ hikes rates to 0.25% US dollar opens on mixed note as yen outperforms. USDCAD: open 1.3843, overnight range 1.3834-1.3859, close 1.3850, WTI $76.74, Gold, $2421.14 Loonie’s direction is at the mercy of external developments, including geopolitical tensions and the Federal Open Market Committee meeting today. Geopolitical tensions ratcheted higher again […]
Eurozone GDP surprises to the upside. USDJPY volatile into BoJ meeting (July 31) US dollar little changed except against JPY USDCAD: open 1.3843, overnight range 1.3838-1.3864, close 1.3855, WTI $75.78, Gold, $2389.34 The Canadian dollar is baking along with most of the Northern Hemisphere as heatwave warnings are issued by jurisdictions from New York City […]
Risk elevated due to Central Bank meetings this week. Canadian dollar probing strong support. US dollar trading with a modest bid. USDCAD: open 1.3831, overnight range 1.3816-1.3845, close 1.3838, WTI $77.18, Gold, $2392.52. The Canadian dollar consolidated last week’s losses near the bottom of its recent range. The currency is under pressure due to the […]
Canadian Dollar rises modestly July 26, 2024. Key US inflation data on tap. Global risk sentiment improves marginally. US dollar gives back some of this weeks gains. USDCAD: open 1.3815, overnight range 1.3807-1.3827, close 1.3826, WTI $77.88, Gold, $2374.23. The Canadian dollar traded sideways but modestly higher in a quiet session ahead of today’s important […]
Bank of Canada cuts 25 bps and suggests further cuts likely. Wave of risk aversion washes across global markets. US dollar opens higher on safe-haven demand. USDCAD: open 1.3837, overnight range 1.3803-1.3838, close 1.3809, WTI $76.19, Gold, $2373.40. The pressure on the Canadian dollar continues to mount, and the Bank of Canada is playing […]
Expect directionless markets due to light data. US dollar gains overnight but opens mixed compared to Monday. USDCAD: open 1.3765, overnight range 1.3752-1.3773, close 1.3758, WTI $78.58, Gold, $2406.89 The Canadian dollar is deep into the throes of the dog days of summer. Traders are hoping that tomorrow’s Bank of Canada monetary policy meeting […]
US politics distracts but has little impact on FX China surprises with rate cuts. US dollar trading with a mild bid. USDCAD: open 1.3744, overnight range 1.3701-1.3748, close 1.3727, WTI $78.52, Gold, $2404.85 The Canadian dollar traded lower throughout the overnight session due to a bout of risk aversion and falling oil prices. US […]
Global risk sentiment sours Trump accepts GOP presidential nomination. US dollar gains across the board, except vs JPY and CHF. USDCAD: open 1.3720, overnight range 1.3701-1.3721, close 1.3705, WTI $81.16, Gold, $2416.28 Canadian Retail Sales are on tap. They are expected to have fallen by 0.6% m/m in May while retail sales-ex-autos are expected at […]
ECB likely to leave rates unchanged at 4.25% Trump is unnerving markets US dollar trading quietly and opens with little change from close. USDCAD: open 1.3676, overnight range 1.3671-1.3689, close 1.3684, WTI $81.46, Gold, $2464.90 The Canadian dollar is also suffering from the prospect of Fed rate cuts. The Canadian dollar is also under pressure […]
Trade tensions being revisited BoJ likely intervened again. US dollar trading mixed but defensively. USDCAD: 1.3659, overnight range 1.3657-1.3686, close 1.3674, WTI $79.69, Gold, $2475.24 The Canadian dollar rallied then retreated in the wake of the domestic inflation report yesterday. The Bank of Canada measure, CPI-medium, fell 0.2% to 2.6% from 2.8%, which is a […]
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