Canadian Dollar Update – Canadian dollar looking shaky

China trade surplus soars on export increase. UK employment numbers support GBPUSD US  dollar trading sideways with slight bid. USDCAD: open 1.3569, overnight range 1.3556-1.3579, close 1.3558, WTI $67.77, Gold,...

Canadian Dollar Update – Canadian dollar drops on jobs data

Weak US and Canadian jobs data sinks Loonie Markets are cautious ahead of US inflation numbers on Wednesday. US dollar trading with bullish bias. USDCAD: open 1.3566, overnight range 1.3552-1.3573,...

Canadian Dollar Update – Canadian dollar counting down to employment reports

US and Canada job data on tap Opec delays production increase. US dollar trading with bearish bias across the board. USDCAD: open1.3493, overnight range 1.3486-1.3506,  close 1.3502, WTI $69.53, Gold,...

Canadian Dollar Update – Canadian dollar firms following BoC rate cut

BoC cuts rates and indicates more cuts to come. US employment data is in focus US dollar sank yesterday and is on the defensive today USDCAD: open 1.3514, overnight range...

FX Monthly Update | September 2024

Economic Outlook and Summary August is traditionally a quiet month for markets, with many traders and analysts taking summer vacations. Thin holiday markets led to some sharp moves, particularly early...

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 in retreat

Traders looking ahead to Friday’s US nonfarm payrolls report. Bank of Canada expected to cut rates by 25 bps tomorrow. US  dollar is bid to start the week. USDCAD: open 1.3535, overnight range 1.3476-1.3548, close1.3496,...

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 rally stalls

UBS downgrades China 2024 GDP forecast to 4.6% from 4.9%. US weekly jobless claims may cause a bigger reaction than usual. US dollar mostly halts its slide-NZD outperforms. USDCAD: open1.3456,...

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....