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

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....

Canadian Dollar Update – Canadian dollar is being challenged

Bank of Canada Governor Tiff Macklem hints at 50 bp rate cut US dollar slides and CAD underperforms. USDCAD: open 1.3580, overnight range 1.3566-1.3598, close 1.3587, WTI $68.19, Gold, $2586.06...

Canadian Dollar Update – Canadian dollar is the G-10 laggard

Odds of 50 bp Fed rate cut rise. Russia expels 6 UK diplomats US dollar trading defensively. USDCAD: open 1.3573, overnight range 1.3565-1.3585, close 1.3579, WTI $69.83, Gold, $2568.15 The...

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 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,...