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 August 22, 2011

USD/CAD Open: 0.9843-46 Overnight Range: 0.9840-0.9917 The Canadian dollar grinded slightly higher overnight. Over the weekend, Germany reiterated its resistance to Eurobonds basically mentioning that each eurozone nation should be responsible for its own debt situation. NY futures are pointing higher. Oil is higher at $83.76 and gold is higher at $1,875. Data to watch […]

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FX Morning Update August 23, 2011

USD/CAD Open: 0.9875-79 Overnight Range: 0.9850-0.9909 The Canadian dollar traded sideways overnight. NY futures are pointing higher. Overnight, better than expected PMI manufacturing data in Asia and Europe has boosted risk sentiment. Oil is higher at $85.41 and gold is at $1,886. Retail sales and US new home sales data is released today. The short […]

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FX Morning Update August 24, 2011

USD/CAD Open: 0.9886-89 Overnight Range: 0.9875-0.9907 The Canadian dollar traded quietly overnight. Canadian retail sales yesterday matched market expectations, however, US new home sales continue to be weak. Japan indicated it will try to tame the rise in its currency with a $100bn fund and Moody’s also downgraded Japan’s credit. German business confidence fell to […]

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FX Morning Update August 25, 2011

USD/CAD Open: 0.9865-69 Overnight Range: 0.9856-0.9890 The Canadian dollar traded quietly again overnight. Yesterday’s US durable goods order data was better than expected. NY futures are flat. Oil is at $85.87 and gold is lower at $1,724. The US releases weekly jobless claims and the Global economic symposium kick’s off today. The short term Canadian […]

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FX Morning Update August 26, 2011

  USD/CAD Open: 0.9869-72 Overnight Range: 0.9854-0.9883 The Canadian dollar traded sideways in a tight range overnight. Yesterday, Warren Buffet made a preferred investment in BofA and that boosted financials initially but weak jobless claims put a downer on equity markets. NY futures are negative. Oil is at $84.13 and gold is at $1,781. Today, […]

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FX Morning Update August 29, 2011

  USD/CAD Open: 0.9763-67 Overnight Range: 0.9758-0.9836 The Canadian dollar continued to gain over the weekend. On Friday, Bernanke indicated that the Fed is ready to support a weak economy but didn’t announce anything material and expects the US economy to rebound in the latter half of the year. Also, US GDP growth was revised […]

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FX Morning Update August 30, 2011

  USD/CAD Open: 0.9790-93 Overnight Range: 0.9758-0.9810 The Canadian dollar traded sideways overnight. Yesterday’s US consumer spending data was slightly weak. NY futures are pointing lower. Oil is at $86.53 and gold is at $1,824. Today, FED minutes are released along with consumer confidence and S&P Case Shiller US housing price data. The short term […]

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FX Morning Update August 31, 2011

USD/CAD Open: 0.9801-03 Overnight Range: 0.9768-0.9802 The Canadian dollar traded quietly overnight. Yesterday’s Fed minutes were largely uneventful as the open market committee reiterated they have tools to stimulate the economy but some members did indicate they were ready to act boldly in August. In addition, US consumer confidence was worse than expected yesterday. NY […]

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FX Morning Update Aug 26

  USD/CAD Open 1.0553-58 Overnight Range 1.0546-1.0605 The Canadian dollar clawed back some losses in a robust overnight session highlighted by mostly rising global equity markets and a bit of a bounce in commodity prices. The market shrugged off another round of weak US data yesterday afternoon with equities recovering, perhaps on the thinking that […]

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FX Morning Update Aug.25

  USD/CAD Open 1.0513-18 Overnight Range 1.0576-1.0620 The Canadian dollar is on the defensive having bounced off US dollar support at 1.0575 overnight and now trading above the overnight high at 1.0620 pointing to a retest of yesterday’s 1.0655-60 high. Meanwhile, the risk aversion theme remains intact supported by the downgrade of Ireland’s long term […]

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