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

Canadian Dollar Update – Canadian Dollar rises modestly

Canadian Dollar rises modestly July 26, 2024. Key US inflation data on tap. Global risk sentiment improves marginally. US dollar gives back some of this weeks gains. USDCAD:  open 1.3815,...

Canadian Dollar Update – Canadian Dollar is trading defensively

  US politics distracts but has little impact on FX China surprises with rate cuts. US dollar trading with a mild bid. USDCAD: open 1.3744, overnight range 1.3701-1.3748, close 1.3727,...

Canadian Dollar Update – Canadian Dollar retreating

Canada June inflation data on tap. US Retail Sales data is overshadowed by politics. US dollar recoups some losses in uneventful overnight trading. USDCAD: 1.3678, overnight range 1.3674-1.3695, close 1.3682,...

Canadian Dollar Update – Canadian Dollar under pressure

  Greenback rises with Trump presidential odds. JOLTS job-openings and Fed Powell in focus today. US dollar consolidating Monday’s gains. USDCAD: open 1.3731 overnight range 1.3727-56 close 1.3738, WTI $83.92,...

Canadian Dollar Update – Canadian Dollar Uninspired

BoC July rate cut hopes downgraded. Lots of US data but little interest. US dollar inches higher in quiet overnight session. USDCAD: open 1.3683, overnight range 1.3678-1.3713, close 1.3703, WTI...

Canadian Dollar Update – Canadian Dollar Struggling

Loonie gives back post-CPI gains. Hawkish Fed-speak underpins greenback US dollar opens with gains across the board, except against AUD. USDCAD: open 1.3672, overnight range 1.3650-1.3694, close 1.3659, WTI $81.56,...

Canadian Dollar Update – Canadian Dollar trading sideways

Large USDCAD option expiries and Retail Sales ahead. Eurozone PMI’s weaker than expected. US dollar consolidating recent gains in subdued overnight session. USDCAD: 1.3676, overnight range 1.3670-1.3708, close 1.3694, WTI...

Canadian Dollar Update – Canadian Dollar Undecided

Large USDCAD option expiries and Retail Sales ahead. Eurozone PMI’s weaker than expected. US dollar consolidating recent gains in subdued overnight session. USDCAD: open 1.3691, overnight range 1.3674-1.3699, close 1.3700,...

Canadian Dollar Update – Canadian Dollar rally fails

Flat inflation and slightly hawkish Fed FOMC dot-plot projects one rate cut in 2024 US dollar recouping some of yesterday’s losses   USDCAD: open 1.3742, overnight range 1.3714-1.3750, close  1.3725,...

Canadian Dollar Update – Canadian Dollar depressed ahead of BoC

Bank of Canada widely expected to announce 25 bp rate cut today. Risk sentiment is mixed ahead of upcoming ECB meeting and US nonfarm payrolls. US dollar trading defensively but...