Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
NFP data due but will not be released BoC looking for reasons to cut rates US dollar opens mixed to lower USDCAD open 1.3964, overnight range 1.3958-1.3970, close, 1.3968, WTI 60.81 Gold 3864.89 The Canadian dollar dropped through support yesterday and consolidated the losses overnight. The currency remains undermined by the weak Canadian growth […]
US government economic data will not be released ADP employment raises odds for multiple Fed rate cuts US dollar trading defensively, but mixed. USDCAD open 1.3937, overnight range 1.3933-1.3949, close, 1.3936, WTI 61.40, Gold 3879.46 The Canadian dollar continued its slow grind lower despite a softer US dollar against the other major currencies. The […]
US government shuts down for 21st time since 1971 US ISM Manufacturing PMI due US dollar opens with losses across the board USDCAD open 1.3926, overnight range 1.3907-1.3933, close 1.3921, WTI 61.87, Gold 3889.09 The Canadian dollar is under pressure despite broad US dollar weakness against the other G-10 currencies. The weakness reflects underlying […]
Canada statutory holiday-government offices and banks closed JOLTS job openings expected to drift lower US dollar opens defensively USDCAD open 1.3916, overnight range 1.3907-1.3925, close, 1.3917, WTI 62.70, Gold 3799.25 The Canadian dollar attempted to rally but lacked follow-through despite broad US dollar weakness The Loonie remains on the defensive after last week’s remarks […]
Markets cautious due to US government shutdown risk US employment picture in focus all week US dollar opens slightly lower after subdued overnight session USDCAD open 1.3922, overnight range 1.3916-1.3948, close, 1.3942, WTI 64.64, Gold 3808.05 The Canadian dollar traded quietly as it consolidates last week’s losses. Friday’s slightly stronger-than-expected Canadian July GDP print […]
Trump’s unleashes new tariff barrage Canada’s economy expected to have grown a mere 0.1% in July US dollar opens with a bid but its off its best levels USDCAD open 1.3951, overnight range 1.3925-1.3959, close, 1.3942, WTI 64.73, Gold 3752.06 The Canadian dollar is chopping through major support levels with the latest losses spurred […]
Overnight action was subdued ahead of today’s pending US data dump Swiss National Bank leaves rates unchanged, as expected US dollar consolidating recent gains in quiet trading USDCAD open 1.3893, overnight range 1.3885-1.3902, close, 1.3897, WTI 64.55, Gold 3757.59 The Canadian dollar is consolidating its losses since Monday. A string of soft domestic data […]
Trump ‘s UN speech raises tensions with Russia Fed Chair Powell reiterates that inflation risks tilted to the upside US dollar catches a bid and recoups recent losses USDCAD open 1.3870, overnight range 1.3838-1.3879, close, 1.3837, WTI 63.79, Gold 3767.82 The Canadian dollar is being undermined by broad US dollar demand and Bank of […]
Trump addresses the UN today at 9:50 am Fed Chair Powell delivers remarks this afternoon US dollar opens defensively-CAD underperforms USDCAD open 1.3830, overnight range 1.3817-1.3845, close, 1.3819, WTI 62.67, Gold 3784.95 The Canadian dollar is trading with a negative bias due to ongoing concerns about economic weakness, rising unemployment and renewed trade […]
BoJ leaves rates unchanged-two dissents Trump and Xi Jinping speak today about trade and TikTok US dollar ending the week on a firm footing USDCAD open 1.3813, overnight range 1.3789-1.3820, close, 1.3797, WTI 62.98, Gold 3658.50 The Canadian dollar sank yesterday and again overnight after yesterdays weekly jobless claims and Philadelphia Fed survey results […]
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