Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
ECB on hold, while Fed is in rate cutting mode US inflation expected to rise US dollar recoups some losses USDCAD open 1.3840 overnight range 1.3831-1.3849, close, 1.3834, WTI 62.59, Gold 3646.53 The Canadian dollar moved back from the brink yesterday and traded sideways overnight. The Loonie is suffering because of a weak domestic […]
ECB meeting ahead US inflation expected to rise US dollar recoups some losses USDCAD open 1.3883, overnight range 1.3859-1.3885, close, 1.3864, WTI 63.34, Gold 3621.82 The Canadian dollar is trading near the bottom of its overnight range and with a bearish tone as it continues to underperform compared to AUD and NZD. The Loonie […]
France names new Prime Minister PPI data may have limited impact US dollar recoups some losses USDCAD open 1.3849, overnight range 1.3839-1.3864, close, 1.3843, WTI 63.03, Gold 3654.88 The Canadian dollar dropped sharply yesterday after the US employment picture was found to be in worse shape than previously expected. The Bureau of Labor Statistics […]
French government falls-Euro yawns US nonfarm payrolls revisions data due today US dollar continues to slide, and CAD continues to underperform USDCAD open 1.3802, overnight range 1.3794-1.3813, close, 1.3803, WTI 62.73, Gold 3654.08 The Canadian dollar is struggling to make any gains despite ongoing US dollar selling pressure. Friday’s poor American labour report has […]
Trump announces candidates for Fed Chair Opec increases production US dollar trading defensively USDCAD open 1.37950, overnight range 1.3790-1.3822, close, 1.3820, WTI 63.36 The Canadian dollar is consolidating Friday’s losses following extremely weak US and Canadian employment reports. Canada lost 106,000 jobs in July and August which more than erased the 83,000 jobs gained […]
US and Canadian jobs data ahead Fed rate cut on September 17 is fully priced in US dollar opens with losses and trading with a negative bias USDCAD open 1.37950, overnight range 1.3790-1.3822, close, 1.3820, WTI 63.36 The Canadian dollar is inching higher as US rate cut optimism fuels heavy dollar selling across the […]
US employment picture in focus today Fed policy makers reiterate dovish comments US dollar opens higher vs majors compared to yesterdays close USDCAD open 1.3820, overnight range 1.3792-1.3826, close, 1.3793, WTI 63.25, Gold 3538.88 The Canadian dollar extended yesterdays losses as it slowly drifted lower overnight due to broad-based US dollar demand ahead of […]
Equity markets attempting to rebound US JOLTS job openings report due US dollar opens mixed—CAD underperforms USDCAD open 1.3797, overnight range 1.3778-1.3808, close, 1.3784, WTI 64.44, Gold 3534.83 The Canadian dollar remains under pressure due to narrowing CAD/US 10-year yield spreads, softer oil prices and caution ahead of upcoming US employment reports. Yesterday’s S&P […]
US Treasury yields soar US ISM PMI data on tap US dollar catches a bid and rises across the board USDCAD open 1.3776, overnight range 1.3728-1.3784, Aug. 29 close, 1.3749, WTI 65.92, Gold 3476.35 The Canadian dollar traded defensively and remains under pressure due to a mix of broad US dollar demand and weak […]
US PCE data and Canada Q2 GDP in focus US and Canada holiday on Monday mean quiet markets this afternoon US dollar under pressure due to falling Treasury yields USDCAD open 1.3756, overnight range 1.3737-1.3758, close 1.3749, WTI 64.22, Gold 3407.05 The Canadian dollar added to this weeks gains overnight before the rally stalled […]
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