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

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...

Canadian Dollar Update – Canadian Dollar struggling

GBPUSD tumbles after BoE cuts rates. Fed keeps September rate cut hopes alive. US dollar rebounds from yesterday’s lows. USDCAD:  open 1.3833, overnight range 1.3800-1.3836, close 1.3808, WTI $78.52, Gold,...

Canadian Dollar Update – Canadian Dollar ticks higher

  FOMC decision ahead BoJ hikes rates to 0.25% US dollar opens on mixed note as yen outperforms. USDCAD:  open 1.3843, overnight range 1.3834-1.3859, close 1.3850, WTI $76.74, Gold, $2421.14...

Canadian Dollar Update – Canadian Dollar rises modestly

Canadian Dollar rises modestly July 26, 2024. Key US inflation data on tap. Global risk sentiment improves marginally. US dollar gives back some of this weeks gains. USDCAD:  open 1.3815,...

Canadian Dollar Update – Canadian Dollar is trading defensively

  US politics distracts but has little impact on FX China surprises with rate cuts. US dollar trading with a mild bid. USDCAD: open 1.3744, overnight range 1.3701-1.3748, close 1.3727,...

Canadian Dollar Update – Canadian Dollar retreating

Canada June inflation data on tap. US Retail Sales data is overshadowed by politics. US dollar recoups some losses in uneventful overnight trading. USDCAD: 1.3678, overnight range 1.3674-1.3695, close 1.3682,...

Canadian Dollar Update – Canadian Dollar under pressure

  Greenback rises with Trump presidential odds. JOLTS job-openings and Fed Powell in focus today. US dollar consolidating Monday’s gains. USDCAD: open 1.3731 overnight range 1.3727-56 close 1.3738, WTI $83.92,...

Canadian Dollar Update – Canadian Dollar Uninspired

BoC July rate cut hopes downgraded. Lots of US data but little interest. US dollar inches higher in quiet overnight session. USDCAD: open 1.3683, overnight range 1.3678-1.3713, close 1.3703, WTI...