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

FX Monthly Update | July 2024

Economic Outlook and Summary Will they? Won’t they? And what will they say? That sums up the global market’s fixation on the US inflation outlook and Fed monetary policy in...

Canadian Dollar Update – Canadian Dollar bounces back

US markets close early today. FOMC minutes and plenty of US data on tap. US dollar retreats, posting losses across the board. USDCAD: open 1.3678, overnight range 1.3663-1.3756, WTI $82.86,...

Canadian Dollar Update – Canadian Dollar under pressure

  Greenback rises with Trump presidential odds. JOLTS job-openings and Fed Powell in focus today. US dollar consolidating Monday’s gains. USDCAD: open 1.3731 overnight range 1.3727-56 close 1.3738, WTI $83.92,...

Canadian Dollar Update – Canadian Dollar Awaiting Canada Day

Canadian economy is expected to have grown 0.3% m/m in April. Canadian markets are closed on Monday. US dollar opens mixed after choppy overnight session USDCAD: open 1.3695, overnight range...

Canadian Dollar Update – Canadian Dollar Uninspired

BoC July rate cut hopes downgraded. Lots of US data but little interest. US dollar inches higher in quiet overnight session. USDCAD: open 1.3683, overnight range 1.3678-1.3713, close 1.3703, WTI...

Canadian Dollar Update – Canadian Dollar Struggling

Loonie gives back post-CPI gains. Hawkish Fed-speak underpins greenback US dollar opens with gains across the board, except against AUD. USDCAD: open 1.3672, overnight range 1.3650-1.3694, close 1.3659, WTI $81.56,...

Canadian Dollar Update – Canadian Dollar steady into CPI

Canadian inflation data on tap. BoC Governor predicting economic soft landing. US dollar mixed in uneventful trading. USDCAD: open 1.3659, overnight range 1.3641-1.3663, close 1.3659, WTI $81.23, Gold, $2333.22 The...

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 Adrift

Bank of England leaves rates unchanged. Focus shifts to US data, including jobless claims and Philly Fed US dollar opens with a slight bid. USDCAD: open 1.3716, overnight range 1.3704-1.3721,...