Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Trump/Putin Summit tomorrow US PPI and jobless claims data on tap US dollar opens with small gains compared to Wednesday’s close USDCAD open 1.3776, overnight range 1.3745-1.3784, close 1.3760, WTI 63.04, Gold 3356.99 The Canadian dollar is directionless inside its well-defined range as traders await a fresh catalyst. The Bank of Canada’s July 30 […]
US inflation expected to rise Trump extends China tariff pause until November 9 US dollar opens on a slightly firmer note USDCAD open 1.3791, overnight range 1.3772-1.3798, close 1.3780, WTI 64.13, Gold 3345.98 The Canadian dollar is a tad softer after a quiet overnight session with traders content to await today’s US inflation […]
Weak employment report continues to pressure Loonie China tariffs go in effect Tuesday-unless there is another extension US dollar opens mixed but little changed from Friday USDCAD open 1.3775, overnight range 1.3745-1.3779, close 1.3759, WTI 63.84, Gold 3353.52 The Canadian dollar is starting the week on the defensive although a lack of actionable data […]
FOMC board gets dovish injection Gold rises on tariff rumours US dollar opens mixed-yen underperforms USDCAD open 1.3720, overnight range 1.3728-1.3758, close 1.3746, WTI 64.25, Gold 3400.71 The Canadian dollar traded sideways and inside yesterdays range due to a lack of actionable economic data stateside and in Europe. Canada is projected to have added […]
Trump’s tariffs go into effect today Putin/Trump meeting may happen in next few days US dollar sliding on improved risk sentiment USDCAD open 1.3733, overnight range 1.3722-1.3747, close 1.3741, WTI 64.88, Gold 3376.66 The Canadian dollar drifted higher on the back of broad-based US dollar weakness after report surfaced that Trump and Putin may […]
Weak US data increases Fed rate cut fever Trump promises more Russia sanctions US dollar trading defensively USDCAD open 1.3769, overnight range 1.3759-1.3780, close 1.3774, WTI 66.16, Gold 3359.20 The Canadian dollar recovered yesterday’s losses in the wake of a weaker-than expected US ISM Services report which highlighted a weaker employment picture and rising […]
Opec boosts production by 547,000/bpd. Fed Governor resigns and Trump fires head of BLS. US dollar consolidating post-NFP losses. USDCAD open 1.3803, overnight range 1.3764-1.3810, close 1.3780, WTI 65.47, Gold 3360.90 The Canadian dollar traded with a negative bias overnight. Markets are treating a 25 bp Fed rate cut in September as nearly guaranteed, […]
Canada hit with 35% tariff effective today US employment data, ISM PMI and Michigan Consumer Confidence ahead US dollar extended this week’s gains USDCAD open 1.3878, overnight range 1.3843-1.3876, close 1.3856, WTI 69.09, Gold 3294.89 The Canadian dollar is on the ropes after being pummeled by tariffs, divergent Fed and BoC interest rate policy […]
Hawkish sounding Powell lifts US dollar. Trump announces trade deals and more tariffs. US dollar rises across the board. USDCAD open 1.3848, overnight range 1.3813-1.3848, close 1.3830, WTI 69.37, Gold 3307.03 The Canadian dollar is on the defensive. The combination of a hawkish-sounding FOMC, a timid Bank of Canada and looming 35% tariffs from […]
Trump’s Canada deadline for tariff deal sinking Canadian dollar FOMC decision could be split US dollar rally eases somewhat as Treasury yields slide USDCAD open 1.3779, overnight range 1.3759-1.3791, close 1.3772, WTI 68.80, Gold 3331.34 The Canadian dollar is soft ahead of rate announcements from both the Bank of Canada and the Federal Reserve. […]
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