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

Canadian Dollar Update – Canadian dollar making a break

Risk sentiment improves after another Chinese stimulus push Weak German data weighs on EUR US dollar opens steady but under pressure. USDCAD:  open 1.3510, overnight range 1.3506-1.3542, close 1.3541, WTI...

Canadian Dollar Update – Canadian dollar drifting higher

China rate cut improves risk sentiment. Eurozone and UK PMI data is disappointing. US dollar trading lower vs commodity currency bloc but higher against Europe. USDCAD: open 1.3562, overnight range...

Canadian Dollar Update – Canadian dollar vulnerable to option expiries

Canada Retail Sales ahead Central Banks in China and Japan leave rates unchanged. US dollar attempting to stem recent losses. USDCAD: open1.3573, overnight range 1.3553-1.3577, close 1.3560, WTI $70.81, Gold,...

Canadian Dollar Update – Canadian dollar digesting FOMC rate cut

FX markets churn post-FOMC decision. Bank of England stays the course-leaves rates unchanged US dollar trading with a small bid after overnight price swings. USDCAD: 1.3538, overnight range 1.3533-1.3648, close...

Canadian Dollar Update – Canadian dollar steady into Fed meeting

Canada CPI hits BoC target Markets on hold until FOMC meeting results at 2:00 pm US dollar opens little changed from close but lower from yesterday. USDCAD: open 1.3586, overnight...

Canadian Dollar Update – Canadian dollar awaiting domestic inflation data

Canada CPI expected to rise 2.1% y/y down from 2.5% in July. US Retail Sales forecast is a drop of 0.2% m/m in August. US dollar steady and rangebound overnight....

Canadian Dollar Update – Canadian dollar is being challenged

Bank of Canada Governor Tiff Macklem hints at 50 bp rate cut US dollar slides and CAD underperforms. USDCAD: open 1.3580, overnight range 1.3566-1.3598, close 1.3587, WTI $68.19, Gold, $2586.06...

Canadian Dollar Update – Canadian dollar is the G-10 laggard

Odds of 50 bp Fed rate cut rise. Russia expels 6 UK diplomats US dollar trading defensively. USDCAD: open 1.3573, overnight range 1.3565-1.3585, close 1.3579, WTI $69.83, Gold, $2568.15 The...

Canadian Dollar Update – Canadian dollar catches a bid

ECB rate cut to be followed by cautious guidance. US data includes weekly jobless claims and August PPI US dollar trading sideways despite improved risk sentiment. USDCAD: open 1.3571, overnight...

Canadian Dollar Update – Canadian dollar catches a bid

US CPI data overshadows debate. USDJPY gives back all of its 2024 gains. US dollar retreats modestly,  post-debate. USDCAD: open 1.3588, overnight range 1.3556-1.3579, close 1.3610, WTI $67.41, Gold, $2523.25...