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

Canadian Dollar Update – Canadian dollar gets an oil change

Oil rally boosts Canadian dollar. US data supports Powell’s caution. US dollar is bid on geopolitical tensions. USDCAD: open 1.3489, overnight range 1.3476-1.3498, close 1.3494, WTI $71.84, Gold, $2652.93 The...

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 accelerates higher

Loonie soars as CAD/US interest rate spreads widen. China cuts its 1-year Medium Term Rate. US dollar consolidating yesterday’s losses USDCAD:  open 1.3438, overnight range 1.3420-1.3441, close 1.3432, WTI $71.14,...

Canadian Dollar Update – Canadian dollar making a break

Risk sentiment improves after another Chinese stimulus push Weak German data weighs on EUR US dollar opens steady but under pressure. USDCAD:  open 1.3510, overnight range 1.3506-1.3542, close 1.3541, WTI...

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 vulnerable to option expiries

Canada Retail Sales ahead Central Banks in China and Japan leave rates unchanged. US dollar attempting to stem recent losses. USDCAD: open1.3573, overnight range 1.3553-1.3577, close 1.3560, WTI $70.81, Gold,...

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...