Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Canada June inflation data on tap. US Retail Sales data is overshadowed by politics. US dollar recoups some losses in uneventful overnight trading. USDCAD: 1.3678, overnight range 1.3674-1.3695, close 1.3682, WTI $80.22, Gold, $2443.05 The Canadian dollar is trading with a negative bias due to broad US dollar demand against the G-10 majors, driven by […]
Bank of Canada Business Outlook Survey ahead. Oil prices slump after weak Chinese GDP data. US dollar trading negatively-JPY outperforms. USDCAD: 1.3645, overnight range 1.3636-1.3664, close 1.3639, WTI $81.06, Gold, $2411.14 The Canadian dollar remains rangebound ahead of key reports and data this week. The Bank of Canada’s (BoC) quarterly Business Outlook Survey (BOS) and […]
US CPI spurs September rate cut fever. Canadian dollar underperforms vs majors. US dollar opens sharply lower from yesterday, consolidates losses overnight. USDCAD: open 1.3617, overnight range 1.3511-1.3635, close 1.3634, WTI $83.56, Gold, $2405.09 The Canadian dollar rallied yesterday, but its gains were shallow and short-lived. The catalyst for the rally was a cool U.S. […]
Fed Chair Powell raises rate cut hopes. RBNZ flips the switch and turns dovish. US dollar drifts lower in uninspired trading. USDCAD: open 1.3641, overnight range 1.3628-1.3643, close 1.3637, WTI $81.66, Gold, $2372.06. The Canadian dollar is drifting aimlessly and unable to get any traction in either direction. It is not alone. Most of the […]
Markets are hoping for a dovish Powell testimony. Traders biding their time until Thursday’s US CPI data. US dollar largely unchanged after quiet overnight session. USDCAD: open 1.3641, overnight range 1.3628-1.3648, close 1.3637, WTI $81.92, Gold, $2364.44. The Canadian dollar traded choppily in a narrow range ahead of Fed Chair Jerome Powell’s semi-annual testimony […]
French election surprise sparks short-lived reactions. Fed Chair Powell testifies to Congress tomorrow and Wednesday. US dollar opens with tiny losses in uninspired trading. USDCAD: open 1.3632, overnight range 1.3628-1.3648, previous close 1.3641, WTI $82.22, Gold, $2370.52 The Canadian dollar is struggling to find direction following an uneventful overnight session while erasing all of […]
US and Canada Jobs data ahead. Markets hoping for Fed rate cut in September. US dollar trading defensively ahead of data. USDCAD: open 11.3609, overnight range 1.3602-1.3618, close 1.3613, WTI $83.84, Gold, $2362.30 The Canadian dollar is trading with a modest bid and flirting with major resistance ahead of this mornings US and Canadian […]
US markets closed for July 4th holiday Risk sentiment improvements fuels US dollar sell-off. US dollar trading sharply lower, except against yen. USDCAD: open 1.3627, overnight range 1.3620-1.3643, close 1.3640, WTI $83.34, Gold, $2357.81 The Canadian dollar rallied sharply yesterday and then consolidated the gains in a quiet overnight session. The combination of weaker-than-expected US […]
US markets close early today. FOMC minutes and plenty of US data on tap. US dollar retreats, posting losses across the board. USDCAD: open 1.3678, overnight range 1.3663-1.3756, WTI $82.86, Gold, $2347.03 The Canadian dollar stepped back from the edge of a cliff yesterday, managing to keep its two-week range intact. As usual, the Canadian […]
Greenback rises with Trump presidential odds. JOLTS job-openings and Fed Powell in focus today. US dollar consolidating Monday’s gains. USDCAD: open 1.3731 overnight range 1.3727-56 close 1.3738, WTI $83.92, Gold, $2324.77 The Canadian dollar has had a topsy-turvy few days. Friday’s highly anticipated US Core Price Index data showed inflation cooling to 2.6% y/y […]
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