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

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....

Canadian Dollar Update – Canadian dollar feeling frisky

Second tier US data on tap Traders biding their time until next week’s US employment data. US dollar trading defensively and with a negative bias. USDCAD: open 1.3469, overnight range...

Canadian Dollar Update – Canadian dollar flying high

US Durable Goods Orders released today. Powell’s comments spark flurry or “risk-on” trades US dollar under pressure from aggressive Fed rate cut expectations. USDCAD: open 1.3510, overnight range 1.3499-1.3516, close...

Canadian Dollar Update – Canadian dollar looking for love from Jackson Hole

Canada Retail Sales expected to fall 0.3% m/m Markets on hold until Powell’s speech at 10:am ET US rangebound but modestly firmer from yesterday’s opening levels. USDCAD: open 1.3588, overnight...

Canadian Dollar Update – Canadian dollar inching higher

FOMC minutes are the highlight of a light US economic calendar. Nonfarm payroll revisions to benchmark could roil markets. US dollar continues to fall on dovish Fed speculation. USDCAD: open...

Canadian Dollar Update – Canadian dollar awaiting inflation numbers

Canada CPI expected to have risen 2.5% y/y in July (June 2.7%). Gold surges on US rate outlook. US dollar reeling as dovish Fed talk heats up. USDCAD: open 1.3615,...

Canadian Dollar Update – Canadian dollar consolidating

Loonie struggling to find a direction Risk sentiment improves following US retail sales data. US dollar drifts lower in uneven manner. USDCAD: open 1.3720, overnight range 1.3715-1.3736, close 1.3734, WTI...

Canadian Dollar Update – Canadian dollar heading to resistance

Holidays in Europe reduce trading volumes Weekly jobless claims and retail sales highlights of US data dump. US dollar trading quietly and mixed. USDCAD: open 1.3704, overnight range 1.3702-1.3726, close...

Canadian Dollar Update – US CPI will set the tone

Soft US inflation data hope driving US dollar down. RBNZ turns dovish and cuts rates by 25 bps. US dollar trading with negative bias. USDCAD:  open 1.3702, overnight range 1.3700-1.3721,...

Canadian Dollar Update – Canadian Dollar mired in range

US PPI ex food and energy forecast 2.7% y/y vs June 3.0% WTI oil prices climb on escalating Iran and Israel tensions. US dollar opens mixed-Commodity currencies outperform. USDCAD:  open...