Expert, money saving updates, forecasts & tips on the CAD exchange

Canadian Dollar Update – Canadian dollar steady as BoC meeting looms

Traders expect a 25 bp rate cut from Bank of Canada. JOLTS Survey is focus for traders today. US dollar consolidating yesterday’s moves. USDCAD: open 1.3556, overnight range 1.3533-1.3563, close...

Canadian Dollar Update – Canadian dollar awaiting GDP data

Canadian economic growth expected to have slowed in June. US Core PCE-Price index forecast at 0.2% m/m (previous 0.1%) US dollar opens a tad firmer across the board. USDCAD: open...

Canadian Dollar Update – Canadian dollar creeping higher

Loonie drifting higher on talk of aggressive Fed rate cuts. Australian inflation rises more than expected, but below last month. US dollar opens modestly higher but remains on the defensive....

Canadian Dollar Update – Canadian dollar inching higher

FOMC minutes are the highlight of a light US economic calendar. Nonfarm payroll revisions to benchmark could roil markets. US dollar continues to fall on dovish Fed speculation. USDCAD: open...

Canadian Dollar Update – US CPI will set the tone

Soft US inflation data hope driving US dollar down. RBNZ turns dovish and cuts rates by 25 bps. US dollar trading with negative bias. USDCAD:  open 1.3702, overnight range 1.3700-1.3721,...

Canadian Dollar Update – Canadian Dollar mired in range

US PPI ex food and energy forecast 2.7% y/y vs June 3.0% WTI oil prices climb on escalating Iran and Israel tensions. US dollar opens mixed-Commodity currencies outperform. USDCAD:  open...

Canadian Dollar Update – Canadian Dollar awaiting jobs data

Canada’s unemployment rate expected to rise to 6.5% from 6.4%. Global equity rally improves risk sentiment. US dollar slides with stock market gains. USDCAD:  open 1.3733, overnight range 1.3718-1.3744, close...

Canadian Dollar Update – Canadian Dollar consolidating recent gains

Equity rally was short-lived-global indices posting losses. BoC minutes show policymakers fear slowing growth. US dollar trading quietly on a mixed note. USDCAD:  open 1.3746, overnight range 1.3727-1.3762, close 1.3760,...

Canadian Dollar Update – Canadian Dollar soars

Sunny days-global equity indexes rally. Loonie soars as CAD/US interest rate spreads narrow. US dollar trading defensively but JPY sharply lower. USDCAD:  open 1.3748, overnight range 1.3748-1.3791, close 1.3785, WTI...

Canadian Dollar Update – Canadian Dollar in peril

Safe-haven demand weighing on Treasury yields while boost gold prices. US nonfarm payrolls forecast to rise 180,000 in July (previous 206,000). US dollar opens mixed, consolidating yesterday’s gains. USDCAD:  open...