Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Bank of Japan decision disappoints traders. French political turmoil sours risk sentiment. US dollar posts gains overnight-EUR is the worst performing currency. USDCAD: open 1.3760, overnight range 1.3734-1.3767, close 1.3742, WTI $78.33, Gold, $2322.81 Canadian dollar traders were mostly bystanders yesterday and overnight. USDCAD traded in a 1.3710-1.3767 band in the past 24 hours, […]
Flat inflation and slightly hawkish Fed FOMC dot-plot projects one rate cut in 2024 US dollar recouping some of yesterday’s losses USDCAD: open 1.3742, overnight range 1.3714-1.3750, close 1.3725, WTI $77.75, Gold, $2315.64 The Canadian dollar did its best imitation of a ping-pong ball at a high-stakes tournament yesterday but calmed down overnight. USDCAD […]
US May CPI expected to be little changed. FOMC interest outlook in focus. US dollar eases slightly ahead of inflation data and Fed. USDCAD: open 1.3747, overnight range 1.3741-1.3761, close 1.3759, WTI $78.88, Gold, $2313.85. The Canadian dollar drifted higher overnight but not spectacularly, and it remained well within yesterday’s trading band. It is a […]
Loonie trading sideways ahead of Wednesdays Fed meeting and CPI data. Oil prices firm on Goldman Sachs forecast. US dollar gives up a little ground overnight, but still has a bullish bias. USDCAD: open 1.3775, overnight range 1.3756-1.3778, close 1.3760, WTI $77.55, Gold, $2306.90. The Canadian dollar is trading defensively due to broad-based US dollar […]
Loonie consolidating Friday’s losses EU Politics take a right turn. US dollar’s post NFP rally is intact. USDCAD: open 1.3779, overnight range 1.3756-1.3779 close 1.3768, WTI $75.54, Gold, $2295.77. The Canadian dollar may have survived Wednesday’s Bank of Canada rate cut, but it could not withstand the combined forces of robust US jobs data and […]
Canada expected to add 22,500 jobs, US forecast to gain 185,000 jobs. ECB’s hawkish rate cut leaves EURUSD unchanged. US dollar trading with negative bias ahead of NFP. USDCAD: open 1.3683, overnight range 1.3664-1.3712, close 1.3671, WTI $75.59, Gold, $2338.85. The Canadian dollar managed to survive Wednesday’s Bank of Canada rate cut mainly because Bank […]
Bank of Canada rate cut undermines Loonie ECB will cut rates 25 bps but deliver tame guidance. US dollar opens narrowly mixed compared to close. USDCAD: open 1.3687, overnight range 1.3666-1.3698, close 1.3695, WTI $74.41, Gold, $2361.56. The Canadian dollar dropped sharply in the wake of the BoC decision to cut rates by 25 bps […]
Bank of Canada widely expected to announce 25 bp rate cut today. Risk sentiment is mixed ahead of upcoming ECB meeting and US nonfarm payrolls. US dollar trading defensively but little changed since Tuesday close. USDCAD: open 1.3685, overnight range 1.3666-1.3691, close 1.3679, WTI $73.22, Gold, $2332.39. The Canadian dollar is drifting lower into the […]
Falling oil prices weigh on Loonie. US Treasury yield plunge sinks US dollar. US dollar opens with losses across the board except against CAD and MXN USDCAD: open 1.3694, overnight range 1.3621-1.3700, close 1.3626, WTI $72.77, Gold, $2330.35. The Canadian dollar got trampled after oil traders re-evaluated their outlooks for crude prices. On Sunday, OPEC […]
Economists are split as to whether BoC cuts Wednesday or in July Opec announces that production cuts will stay until December 2025. US dollar opens defensively to start the week. USDCAD: open 1.3664, overnight range 1.3606-1.3669, close 1.3631, WTI $76.83, Gold, $2327.80. The Canadian dollar has drifted lower in early trading, mainly due to […]
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