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

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 drifts down

Global risk sentiment sours Trump accepts GOP presidential nomination. US dollar gains across the board, except vs JPY and CHF. USDCAD: open 1.3720, overnight range 1.3701-1.3721, close 1.3705, WTI $81.16,...

Canadian Dollar Update – Canadian Dollar grinding lower

ECB likely to leave rates unchanged at 4.25% Trump is unnerving markets US dollar trading quietly and opens with little change from close. USDCAD: open 1.3676, overnight range 1.3671-1.3689, close...

Canadian Dollar Update – Canadian Dollar steady

Trade tensions being revisited BoJ likely intervened again. US dollar trading mixed but defensively. USDCAD: 1.3659, overnight range 1.3657-1.3686, close 1.3674, WTI $79.69, Gold, $2475.24 The Canadian dollar rallied then...

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 remains rangebound

Bank of Canada Business Outlook Survey ahead. Oil prices slump after weak Chinese GDP data. US dollar trading negatively-JPY outperforms. USDCAD: 1.3645, overnight range 1.3636-1.3664, close 1.3639, WTI $81.06, Gold,...

Canadian Dollar Update – Canadian Dollar struggling to make headway

US CPI spurs September rate cut fever. Canadian dollar underperforms vs majors. US dollar opens sharply lower from yesterday, consolidates losses overnight. USDCAD: open 1.3617, overnight range 1.3511-1.3635, close 1.3634,...

Canadian Dollar Update – Canadian Dollar in limbo

Fed Chair Powell raises rate cut hopes. RBNZ flips the switch and turns dovish. US dollar drifts lower in uninspired trading. USDCAD: open 1.3641, overnight range 1.3628-1.3643, close 1.3637, WTI...

Canadian Dollar Update – Canadian Dollar stuck in a rut

  Markets are hoping for a dovish Powell testimony. Traders biding their time until Thursday’s US CPI data. US dollar largely unchanged after quiet overnight session. USDCAD: open 1.3641, overnight...

Canadian Dollar Update – Canadian Dollar consolidating

  French election surprise sparks short-lived reactions. Fed Chair Powell testifies to Congress tomorrow and Wednesday. US dollar opens with tiny losses in uninspired trading. USDCAD: open 1.3632, overnight range...