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

Canadian Dollar Update – Canadian dollar trading lower

CAD/US 10-year yield spreads widen in favour of US Sinking oil prices weighing on Loonie.   USDCAD: open 1.3895, overnight range 1.3886-1.3907,  close 1.3894, WTI $67.16, Gold, $2729.16 The Canadian...

Canadian Dollar Update – Canadian dollar testing support

US NFP expected at 142,000 (previous 140,000) Oil rises with geopolitical tensions, US dollar traded quietly overnight ahead of today’s US employment numbers. USDCAD: open 1.3557, overnight range 1.3544-1.3568, close...

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 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 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 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...

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...