Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
BoC and Fed rate cuts met with a shrug BoE leaves rates unchanged US dollar trading indecisively USDCAD open 1.3775, overnight range 1.3766-1.3801, close, 1.3775, WTI 63.5, Gold 3671.61 The Canadian dollar barely reacted to the Bank of Canada’s first rate cut in half a year, a move that had already been priced in […]
FOMC and BoC meetings are ahead China/US announce deal on TikTok US dollar trading sideways ahead of Fed meeting USDCAD open 1.3754, overnight range 1.3737-1.3762, close, 1.3740, WTI 64.10, Gold 3667.99 The Canadian dollar rally traded sideways overnight ahead of the Bank of Canada decision this morning. Yesterday’s soft inflation report, paired with the […]
Sliding Treasury yields weigh on US dollar Canada inflation expected to have heated up in August US dollar trading negatively USDCAD open 1.3766 overnight range 1.3762-1.3783, close, 1.3780, WTI 63.18, Gold 3698.31 The Canadian dollar rally picked up speed yesterday after weaker than expected NY Empire State Manufacturing data and Fed news fueled […]
China and US trade talks are ongoing in Madrid Canadian parliament reopens US dollar losing ground on outlook for dovish Fed USDCAD open 1.3831 overnight range 1.3821-1.3846, close, 1.3845, WTI 62.99, Gold 3641.24 The Canadian dollar moved back from the brink yesterday and traded sideways overnight. The Loonie is suffering because of a weak […]
ECB on hold, while Fed is in rate cutting mode US inflation expected to rise US dollar recoups some losses USDCAD open 1.3840 overnight range 1.3831-1.3849, close, 1.3834, WTI 62.59, Gold 3646.53 The Canadian dollar moved back from the brink yesterday and traded sideways overnight. The Loonie is suffering because of a weak domestic […]
ECB meeting ahead US inflation expected to rise US dollar recoups some losses USDCAD open 1.3883, overnight range 1.3859-1.3885, close, 1.3864, WTI 63.34, Gold 3621.82 The Canadian dollar is trading near the bottom of its overnight range and with a bearish tone as it continues to underperform compared to AUD and NZD. The Loonie […]
France names new Prime Minister PPI data may have limited impact US dollar recoups some losses USDCAD open 1.3849, overnight range 1.3839-1.3864, close, 1.3843, WTI 63.03, Gold 3654.88 The Canadian dollar dropped sharply yesterday after the US employment picture was found to be in worse shape than previously expected. The Bureau of Labor Statistics […]
French government falls-Euro yawns US nonfarm payrolls revisions data due today US dollar continues to slide, and CAD continues to underperform USDCAD open 1.3802, overnight range 1.3794-1.3813, close, 1.3803, WTI 62.73, Gold 3654.08 The Canadian dollar is struggling to make any gains despite ongoing US dollar selling pressure. Friday’s poor American labour report has […]
Trump announces candidates for Fed Chair Opec increases production US dollar trading defensively USDCAD open 1.37950, overnight range 1.3790-1.3822, close, 1.3820, WTI 63.36 The Canadian dollar is consolidating Friday’s losses following extremely weak US and Canadian employment reports. Canada lost 106,000 jobs in July and August which more than erased the 83,000 jobs gained […]
US and Canadian jobs data ahead Fed rate cut on September 17 is fully priced in US dollar opens with losses and trading with a negative bias USDCAD open 1.37950, overnight range 1.3790-1.3822, close, 1.3820, WTI 63.36 The Canadian dollar is inching higher as US rate cut optimism fuels heavy dollar selling across the […]
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