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

Canadian Dollar Update – Canadian dollar suffers risk aversion

Rising tensions in Middle East spark risk aversion trades. Japanese yen sinks on talk that rate hikes are on hold. US dollar rallies across the board, JPY underperforms. USDCAD: open...

Canadian Dollar Update – Canadian dollar gets an oil change

Oil rally boosts Canadian dollar. US data supports Powell’s caution. US dollar is bid on geopolitical tensions. USDCAD: open 1.3489, overnight range 1.3476-1.3498, close 1.3494, WTI $71.84, Gold, $2652.93 The...

Canadian Dollar Update – Canadian dollar underperforms

Loonie lagging commodity currency bloc gains. Fed Powell pushes back against 50 bp rate cut speculation. US dollar rebounds against majors except against antipodeans. USDCAD: open 1.3533, overnight range 1.3490-1.3540,...

Canadian Dollar Update – Canadian dollar accelerates higher

Loonie soars as CAD/US interest rate spreads widen. China cuts its 1-year Medium Term Rate. US dollar consolidating yesterday’s losses USDCAD:  open 1.3438, overnight range 1.3420-1.3441, close 1.3432, WTI $71.14,...

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....