Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Risk aversion returns Odds for Fed rate cut in December fall below 50% US dollar consolidating yesterdays gains USDCAD open: 1.4039, overnight range 1.4018-1.4046, close, 1.4036, WTI 60.34, Gold 4168.04 The Canadian dollar consolidated yesterday’s losses and opened with a bearish bias due to the risk of higher US rates, for longer. The CME […]
US government shutdown could end with House vote today. BoC Summary of Deliberations report ahead. US dollar trading defensively accept against yen. USDCAD open:1.4017, overnight range 1.4003-1.4023, close, 1.4020, WTI 60.63, Gold 4129.20 The Canadian dollar squeezed out a small gain on the back of broad-based US dollar selling pressure following the news that […]
US government shutdown could end with House vote today. BoC Summary of Deliberations report ahead. US dollar trading defensively except against yen. USDCAD open:1.4017, overnight range 1.4003-1.4023, close, 1.4020, WTI 60.63, Gold 4129.20 The Canadian dollar drifted higher in a choppy overnight session as traders reacted to improved global risk sentiment on hopes […]
US Government shutdown talks may have made a breakthrough Oil prices lower on oversupply fears US dollar opens with losses across the board USDCAD open: 1.4019, overnight range 1.4001-1.4058, close, 1.4042, WTI 59.87, Gold 4080.93 The Canadian dollar got a boost from a sharp improvement in global risk sentiment overnight. Chinese inflation picked up […]
BoC and Fed deliver “hawkish” rate cuts US/China trade tensions ease in wake of Trump/Jinping meeting US dollar rallies on hawkish Fed USDCAD open: 1.3950, overnight range 1.3927-1.3971, close, 1.3942, WTI 60.08, Gold 3996.39 The Canadian dollar rallied following the Bank of Canada rate announcement. The Bank of Canada delivered a “hawkish” rate cut. […]
Bank of Canada rate decision and MPR due Today’s FOMC decision will be a non-event US dollar opens on a mixed note USDCAD open: 1.3944, overnight range 1.3924-1.3949, close, 1.3944, WTI 60.22, Gold 4023.79 The Canadian dollar broke through resistance yesterday and then extended the gains, albeit modestly, overnight. The rally was due to […]
Trump announces framework of a trade deal with Japan Oil prices slump on fresh supply fears US dollar drifts lower in quiet trading USDCAD open: 1.3997, overnight range 1.3982-1.4004, close, 1.3990, WTI 60.39, Gold 3905.01 The Canadian dollar wafted higher in subdued trading, as it caught an updraft from broad but minor US dollar […]
Trump slaps another 10% tariff on Canada-FX traders yawn US/China announce trade deal framework US dollar slides on improved risk sentiment USDCAD open: 1.3974 overnight range 1.3970-1.4011, close, 1.3997, WTI 60.86, Gold 4039.41 The Canadian dollar drifted higher helped by improved global risk appetite following signs of easing trade friction between the U.S. and […]
Trump cancels US/Canada trade talks Oil prices ending the weak over 7% higher US dollar opens with modest bid ahead of US CPI data USDCAD open: 1.4020, overnight range 1.3974-1.4029 close, 1.3994, WTI 61.68, Gold 4060.85 The Canadian dollar sank in the wake of a Trump tweet that said he was cancelling Canada/US trade […]
Oil prices surge on new US sanctions Canada Retail Sales data due this morning US opens trading slightly higher-Commodity currencies outperform USDCAD open: 1.3996, overnight range 1.3987-1.4005, close 1.3998, WTI 61.76, Gold 4125.34 The Canadian dollar traded inside yesterday’s range and remains underpinned by the surge in oil prices. WTI oil prices rallied […]
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