Daily Update

Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.

FX Morning Update September 26, 2011

USD/CAD Open: 1.0291-91              Overnight Range: 1.0260-1.0386   The Canadian dollar was volatile in overnight trading.  European markets are higher today as rumors are circulating that the size of the eurozone rescue fund will be increased.  NY futures are pointing higher.  Oil is at $79.82 and gold is at $1,620.  For today, new home sales […]

By Admin | September 27, 2011 | Daily Update | 0 comments Read more >

FX Morning Update September 21, 2011

USD/CAD Open: 0.9943-46  Overnight Range: 0.9916-0.9953   The Canadian dollar lost some ground overnight.  Overnight, the GBP lost some ground as expectations that the BoE will provide further stimulus increased. Canada’s inflation came out stronger than expected today (1.9%) but markets appear to have shrugged off the result focusing on macro eurozone headlines and the FOMC […]

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FX Morning Update September 20, 2011

USD/CAD Open: 0.9915-18  Overnight Range: 0.9883-0.9941   The Canadian dollar lost some ground overnight.  Markets continue to be dominated by eurozone headlines.  The S&P downgradedItalyovernight but had limited impact on markets.  The Bank of Greece made some required coupon payments today, calming fears of a default.  NY futures are pointing higher.  Oil is at $86.72 […]

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FX Morning Update September 19, 2011

  USD/CAD Open: 0.9807-10  Overnight Range: 0.9766-0.9848       The Canadian dollar grinded lower overnight.  Coordinated action from Central banks on Friday was sufficient to start the risk on trade on Friday but concerns overGreecefunding and a potential default has moved equity markets lower and a flight to safety to the USD. Germany’s ruling party […]

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FX Morning Update September 16, 2011

USD/CAD Open: 0.9836-39 Overnight Range: 0.9829-0.9861 The Canadian dollar traded quietly overnight in a tight range. Yesterday, the ECB and other central banks coordinated action to indicate they would provide USD liquidity to banks in Europe, which helped boost euro bank stock prices and overall market sentiment. NY futures are pointing lower. Oil is at […]

By Admin | September 16, 2011 | Daily Update | 0 comments Read more >

FX Morning Update September 15, 2011

USD/CAD Open: 0.9886-89 Overnight Range: 0.9885-0.9952 The Canadian dollar continued to swing around within its recent trading range in overnight trading looking for direction. Yesterday, US retail sales data was flat. Overnight, Eurozone inflation was in line with expectations. NY futures are pointing higher. Oil is at $89.22 and gold is at $1,802. Canada releases […]

By Admin | September 15, 2011 | Daily Update | 0 comments Read more >

FX Morning Update August 9, 2011

USD/CAD Open: 0.9925-29 Overnight Range: 0.9909-1.0001 The Canadian dollar was highly volatile overnight as Asian markets were volatile as well. Yesterday, panic spread throughout financial markets and equities and commodities are falling with liquidity drying up. Overnight, China CPI came in higher than expected. Rumors that the Fed will intervene is boosting markets. Oil dipped […]

By Admin | September 11, 2011 | Daily Update | 0 comments Read more >

FX Morning Update August 10, 2011

USD/CAD Open: 0.9802-05 Overnight Range: 0.9778-0.9860 The Canadian dollar was jumping around overnight. Helicopter Ben came to the rescue yesterday announcing the Fed won’t raise rates until mid-2013 and will use additional monetary policy tools as appropriate. It will be five years by mid 2013 that the Fed will have kept rates low. After the […]

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FX Morning Update August 11, 2011

USD/CAD Open: 0.9922-25 Overnight Range: 0.9873-0.9955 The Canadian dollar jumped around overnight. Equities and the loonie quickly gave up its gains yesterday on a risk-off backdrop about worries in France about solvency issues. Oil is at $81.44 and gold is at $1,784. NY futures are pointing lower today. Today, trade balance data and US jobless […]

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FX Morning Update August 16, 2011

USD/CAD Open: 0.9865-69 Overnight Range: 0.9801-0.9871 The Canadian dollar traded weaker overnight. Overnight, European growth data fell more than expected (1.7% Act. vs. 1.8% F) and German growth data was also weaker than expected. Walmart and Home Depot reported positive earnings this morning. Yesterday, increased market sentiment from M&A activity boosted markets. Oil is at […]

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