Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Canadian economy is expected to have grown 0.3% m/m in April. Canadian markets are closed on Monday. US dollar opens mixed after choppy overnight session USDCAD: open 1.3695, overnight range 1.3693-1.3735, close 1.3701, WTI $82.56, Gold, $2330.35 The Canadian dollar opened close to unchanged after a choppy overnight session due to a mix of US […]
BoC July rate cut hopes downgraded. Lots of US data but little interest. US dollar inches higher in quiet overnight session. USDCAD: open 1.3683, overnight range 1.3678-1.3713, close 1.3703, WTI $81.34, Gold, $2312.68 The Canadian dollar is trading like a tourist in Toronto reading a street map upside down. It doesn’t know whether it is […]
Loonie gives back post-CPI gains. Hawkish Fed-speak underpins greenback US dollar opens with gains across the board, except against AUD. USDCAD: open 1.3672, overnight range 1.3650-1.3694, close 1.3659, WTI $81.56, Gold, $2316.48 The Canadian dollar rallied on the heels of a higher-than-expected Canadian inflation report yesterday. May CPI rose 0.6% m/m (forecast 0.3%) and 2.9% […]
Canadian inflation data on tap. BoC Governor predicting economic soft landing. US dollar mixed in uneventful trading. USDCAD: open 1.3659, overnight range 1.3641-1.3663, close 1.3659, WTI $81.23, Gold, $2333.22 The Canadian dollar is steady as the earlier US dollar sell-off against the major G-10 currencies fades. Canadian dollar gains are limited by the domestic interest […]
Large USDCAD option expiries and Retail Sales ahead. Eurozone PMI’s weaker than expected. US dollar consolidating recent gains in subdued overnight session. USDCAD: 1.3676, overnight range 1.3670-1.3708, close 1.3694, WTI $81.05, Gold, $2325.18 The Canadian dollar crawled higher overnight, which was a quiet start to what should be a busy week. The Bank of Canada […]
Large USDCAD option expiries and Retail Sales ahead. Eurozone PMI’s weaker than expected. US dollar consolidating recent gains in subdued overnight session. USDCAD: open 1.3691, overnight range 1.3674-1.3699, close 1.3700, WTI $81.31, Gold, $2363.81 The Canadian dollar see-sawed in a narrow range overnight. Traders were distracted by Eurozone and UK PMI reports and caution ahead […]
Bank of England leaves rates unchanged. Focus shifts to US data, including jobless claims and Philly Fed US dollar opens with a slight bid. USDCAD: open 1.3716, overnight range 1.3704-1.3721, close 1.3719, WTI $80.67, Gold, $2335.06 The Canadian dollar drifted with a modest bid in an uneventful overnight session due to caution ahead of today’s […]
US markets closed UK inflation hits target but data mixed. US dollar trading lower after quiet overnight session. USDCAD: open 1.3717, overnight range 1.3707-1.3727, close 1.3719, WTI $80.60, Gold, $2328.07 The Canadian dollar caught an updraft yesterday after softer than expected US retail sales data renewed hopes for an earlier than expected Fed rate cut. […]
US Retail Sales expected to rise 0.2% m/m. German and Eurozone ZEW data ignored. US dollar opens consolidating recent moves. USDCAD: 1.3748, overnight range 1.3710-1.3757, close 1.3723, WTI $79.56, Gold, $2311.16 The Canadian dollar is trading defensively despite higher crude oil prices due to an abundance of caution ahead of today’s US economic data. The […]
Political uncertainty leaves EURUSD on the defensive. Plenty of central bank meetings this week, although expectations are low. US dollar opens slightly firmer vs majors in quiet trading. USDCAD: open 1.3742, overnight range 1.3729-1.3752, close 1.3738, WTI $78.00, Gold, $2319.89 The Canadian dollar is directionless but is trending lower, guided by a downtrend […]
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