Canadian Dollar Updates and Currency Blog

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...

Canadian Dollar Update – Canadian Dollar under pressure

  Bond traders driving FX markets US 10-year Treasury yield drifts lower, ahead of US GDP and jobless claims data. US dollar consolidates Wednesday’s gains but off its best levels....

Canadian Dollar Update – Canadian Dollar rally hits a wall

USDCAD: open 1.3661, overnight range 1.3641-1.3678, close 1.3645, WTI $80.59, Gold, $2345.26   Treasury yield spike sinks Loonie. Canadian and US economic calendars are very light. US dollar consolidating Tuesday’s...

Canadian Dollar Update – Canadian Dollar is looking for direction

USD/CAD Open: 1.3669, Overnight Range: 1.3665-1.3697,  Previous Close: 1.3695 WTI Oil open at $78.07 and gold open at $2,364.40. US markets are lower today. For today, USD resistance is at...

Canadian Dollar Update – Canadian Dollar awaiting April inflation

USD/CAD Open: 1.3630, Overnight Range: 1.3622-1.3644,  Previous Close: 1.3619 WTI Oil open at $78.58 and gold open at $2,416.17. US markets are higher today. For today, USD resistance is at...

Canadian Dollar Update – Canadian Dollar mildly negative

USD/CAD Open: 1.3639, Overnight Range: 1.3612-1.3644,  Previous Close: 1.3619 WTI Oil open at $79.31 and gold open at $2,382.56. US markets are mixed today. For today, USD resistance is at...

Canadian Dollar Update – Canadian Dollar rally stalls

USD/CAD Open: 1.3624, Overnight Range: 1.3590-1.3629,  Previous Close: 1.3602 WTI Oil open at $78.34 and gold open at $2,385.10. US markets are lower today. For today, USD resistance is at...