Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
US employment picture in focus today Fed policy makers reiterate dovish comments US dollar opens higher vs majors compared to yesterdays close USDCAD open 1.3820, overnight range 1.3792-1.3826, close, 1.3793, WTI 63.25, Gold 3538.88 The Canadian dollar extended yesterdays losses as it slowly drifted lower overnight due to broad-based US dollar demand ahead of […]
Equity markets attempting to rebound US JOLTS job openings report due US dollar opens mixed—CAD underperforms USDCAD open 1.3797, overnight range 1.3778-1.3808, close, 1.3784, WTI 64.44, Gold 3534.83 The Canadian dollar remains under pressure due to narrowing CAD/US 10-year yield spreads, softer oil prices and caution ahead of upcoming US employment reports. Yesterday’s S&P […]
US Treasury yields soar US ISM PMI data on tap US dollar catches a bid and rises across the board USDCAD open 1.3776, overnight range 1.3728-1.3784, Aug. 29 close, 1.3749, WTI 65.92, Gold 3476.35 The Canadian dollar traded defensively and remains under pressure due to a mix of broad US dollar demand and weak […]
US PCE data and Canada Q2 GDP in focus US and Canada holiday on Monday mean quiet markets this afternoon US dollar under pressure due to falling Treasury yields USDCAD open 1.3756, overnight range 1.3737-1.3758, close 1.3749, WTI 64.22, Gold 3407.05 The Canadian dollar added to this weeks gains overnight before the rally stalled […]
Sinking Treasury yields boost Loonie. US Q2 GDP and weekly jobless claims data ahead. US dollar attempting to recoup some of yesterday’s losses. USDCAD open 1.3772, overnight range 1.3768-1.3792, close 1.3794, WTI 63.80, Gold 3399.09 The Canadian dollar rallied yesterday after ongoing White House and Fed drama drove Treasury yields lower. The pressure on […]
Data void leaves markets in park Trump increases pressure on Fed US dollar inching higher across the board USDCAD open 1.3855, overnight range 1.3828-1.3857, close 1.3840, WTI 63.22, Gold 3378.10 The Canadian dollar drifted lower in an uninspired trading session, hampered by thinner-than-usual markets due to the end of summer vacations. Furthermore, slumping […]
Powell pivots and sounds dovish UK Markets closed today US dollar consolidating Friday’s losses USDCAD open 1.3832, overnight range 1.3821-1.3844, close 1.3829, WTI 63.97, Gold 3368.11 The Canadian dollar pulled back from the brink on Friday. The Loonie appeared ready to fall off a cliff until Fed Chair Powell abandoned his hawkish stance at […]
FOMC minutes sound hawkish but little impact US jobless claims data may reignite labour market concerns US dollar opens little changed USDCAD open 1.3880, overnight range 1.3869-1.3886, close 1.3873, WTI 63.36, Gold 3341.06 The Canadian dollar was directionless in an uneventful market after the FOMC minutes failed to spark any market action. WTI oil […]
European leaders/Trump meeting ends on a positive note FOMC minutes due Wednesday US dollar opens rises gently in uninspired trading. USDCAD open 1.3820, overnight range 1.3797-1.3823, close 1.3803, WTI 62.07, Gold 3339.50 The Canadian dollar bounced around in a narrow range with price action tracking broad US dollar moves, against the majors. The meeting […]
Friday’s US data downgraded Fed rate cut expectations US dollar opens little changed vs the majors ahead of event risk this week USDCAD open 1.3798, overnight range 1.3792-1.3819, close 1.3820, WTI 62.47, Gold 3348.26 The Canadian dollar eked out a tiny gain compared to Friday’s close, but prices remain on the defensive heading into […]
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