Canadian Dollar Updates and Currency Blog

Canadian Dollar Update – Canadian dollar sinking

FOMC officials will be chattering up a storm today. US dollar rallies across the board. USDCAD: open 1.3962, range (since Friday) 1.3898-1.3967 close 1.3915, WTI $68.50, Gold, $2597.44 There are...

Canadian Dollar Update – Canadian dollar steady ahead of FOMC

Fed rate cut of 25 bps fully priced in. BoE does as expected and cuts rates by 25 bps. US dollar trading with a bit of a bid ahead of...

Canadian Dollar Update – US Dollar soars

  Trump wins and US dollar soars Focus shifting to FOMC meeting tomorrow. US dollar rallies hard against all the majors. USDCAD: open 1.3893 overnight range 1.3822-1.3939  close 1.3826, WTI...

Canadian Dollar Update – Canadian dollar awaiting US election results

  Global markets in park until after US election. China data and RBA boost AUD US dollar opens modestly lower after dull overnight session. USDCAD: open 1.3885, overnight range 1.3880-1.3907...

Canadian Dollar Update – Canadian dollar underperforming

Loonie suffers on interest rate outlook. US GDP and quarterly earnings reports in focus. US dollar trades modestly lower but not against CAD   USDCAD: open 1.3915, overnight range 1.3902-1.3925, ...

Canadian Dollar Update – Canadian dollar steady but weak

BoC Governor testifies to Parliament today. Focus is on US election, not data. US dollar opens defensively as it consolidates recent gains.   USDCAD: open 1.3880, overnight range 1.3876-1.3901, close...

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...