Canadian Dollar Update – Canadian dollar awaits BoC decision
Bank of Canada poised to cut rates by 50 bps. IMF predicts Canada GDP growth to outpace G-7 in 2025. US dollar opens slightly higher vs majors except CAD and...
October 23 2024Read more
Canadian Dollar Update – Canadian dollar remains under pressure
US election jitters underpinning US dollar. Treasury yields climb on Fed caution. US dollar mixed but rangebound to start the day. USDCAD: open 1.3834, overnight range 1.3822-1.3838, close...
October 22 2024Read moreCanadian Dollar Update – Canadian dollar sinking
China cuts 1 and 5 year LPR US dollar opens with gains except against CHF. USDCAD: open 1.3822, overnight range 1.3799-1.3827, close 1.3802, WTI $69.86, Gold, $2734.48 USDCAD is...
October 21 2024Read moreCanadian Dollar Update – Canadian dollar stagnates
Risk sentiment rises in Asia as PBoC hints at RRR cuts. WTI oil prices trade defensively. US dollar consolidates recent gains in a mixed session overnight. USDCAD: open 1.3793,...
October 18 2024Read moreCanadian Dollar Update – Canadian dollar marking time
ECB expected to cut rates 25 bps today, which is fully priced in. European equities and S&P 500 futures trading higher. US dollar opens mixed but mostly firmer. USDCAD:...
October 18 2024Read moreCanadian Dollar Update – Canadian dollar claws back some losses
GBPUSD sinks on weak inflation and Retail Price Indexes. Global equities trading defensively US dollar opens with small gains except against CAD. USDCAD: open 1.3786, overnight range 1.3772-1.3793 close...
October 17 2024Read moreCanadian Dollar Update – Canadian dollar still under stress
Canadian employment data expected to show 27,000 new jobs. Bank of Canada Business Outlook Survey due at 10:30 am. US dollar a tad softer compared to the close but remains...
October 11 2024Read moreCanadian Dollar Update – Canadian dollar unlove
M&A flow may be weighing on Loonie. FOMC minutes on tap US dollar opens directionless ahead of inflation USDCAD: 1.3666, overnight range 1.3643-1.3675, close 1.3648, WTI $74.22, Gold, $2617.78 The...
October 9 2024Read moreCanadian Dollar Update – Canadian dollar sinks further
Loonie suffering from broad-based US dollar strength. WTI oil prices fall 4.0% US dollar opens with a mixed tone-commodity bloc currencies underperform. USDCAD: 1.3645, overnight range 1.3611-1.3648, close 1.3620, WTI...
October 8 2024Read moreCanadian Dollar Update – Canadian dollar under pressure
Markets trading cautiously after Friday’s volatility. Oil prices rise on fresh supply concerns US dollar slightly extends Friday’s gains, except against majors. USDCAD: open 1.3590, overnight range 1.3568-1.3599, close 1.3576,...
October 7 2024Read more
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