Canadian Dollar Update – Canadian dollar sinks post-EU/US trade deal

EU/US reach tariff agreement Equities firm, US dollar index climbs US opens with gains across the board   USDCAD open 1.3726, overnight range 1.3689-1.3742, close 1.3702, WTI 65.77, Gold 3338.83...

Canadian Dollar Update – Canadian dollar rally stalls

Traders hoping for EU/US trade deal announcement Equities rise on trade deal hopes US grinds out small gains   USDCAD open 1.3611, overnight range 1.3591-1.3614, close 1.3599, WTI 66.17, Gold...

Canadian Dollar Update – Canadian dollar rallies further

Trump announces trade deal with Japan Global equity indexes rise as risk sentiment improves US opens with losses across the board.   USDCAD open 1.3582, overnight range 1.3579-1.3613, close 1.3606,...

Canadian Dollar Update – Canadian dollar catches a bid

Traders getting cautious as tariff deadline nears. BoC’s BOS Survey too stale to count. US dollar trading quietly but with negative bias.   USDCAD open 1.3678, overnight range 1.3675-1.3695, close...

Canadian Dollar Update – Canadian dollar idling

BoC Business Outlook Survey ahead. Yen mostly ignores Japanese election results. US dollar inches lower in quiet trading.   USDCAD open 1.3725, overnight range 1.3714-1.3735, close 1.3726, WTI 65.90, Gold...

Canadian Dollar Update – Canadian dollar ekes out gains

USDJPY vulnerable to Japanese elections Sunday. US dollar opens lower but has  an underlying bid.   USDCAD open 1.3727, overnight range 1.3724-1.3757, close 1.3754, WTI 68.50, Gold 3352.36 The Canadian...

Canadian Dollar Update – Canadian dollar under water

Lingering turmoil from Powell and tariff drama. US Retails Sales data expected to rise 0.1% m/m. US dollar trading with a bid on firmer Treasury yields.   USDCAD open 1.3750...

Canadian Dollar Update – Canadian dollar treading water

Expectations for Fed to cut rates in September drop. US PPI data on tap US dollar is consolidating yesterdays gains at the open.   USDCAD open 1.3691, overnight range 1.3694-1.3709,...

Canadian Dollar Update – Canadian dollar in tariff jam

Trump slaps 35% tariff on Canada effective August 1 Tariff fatigue takes sting out of latest Trump tariff action against EU and Mexico. US dollar modestly higher on risk aversion....

Canadian Dollar Update – Canadian dollar sinking

  Canadian dollar sinks after Trump’s latest tariff salvo Trump hints at even higher tariffs globally US dollar firms on risk aversion   USDCAD open 1.3700, overnight range 1.3653-1.3731, close...