Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Traders wary of G-7 Finance Minister comments on currencies. UK inflation rises more than expected-tax hikes blamed. US dollar continues to slide. USDCAD: open 1.3888, overnight range 1.3868-1.3922, close 1.3918, WTI 62.85, Gold 3313.59 The Canadian dollar extended yesterday’s gain overnight due to renewed widespread US dollar selling pressures. Yesterday’s rally began after Statistics Canada […]
US Michigan Consumer Sentiment ahead. US dollar remains on the defensive after soft data yesterday. USDCAD: open 1.3962, overnight range 1.3935-1.3969, close 1.3960, WTI 61.60, Gold 3209.40 The Canadian dollar is directionless and stuck inside yesterday’s range with direction determined by broad-US dollar moves vs the major currencies. However, the upside remains limited as long […]
Opec says it will increase production by another 411k barrels/day in June. China, and UK closed for holiday. US dollar trading with a neutral bias in thin trading USDCAD: open 1.3788, overnight range 1.3787-1.3829 close 1.3820, WTI 54.49, Gold 3312.08 The Canadian dollar is trading slideway’s but with a slight bullish bias, despite sharply lower […]
Carney leads Liberals to victory—opposition leaders lose their seats. US JOLTS data and Consumer Confidence put the focus on recession risks. US dollar opens higher compared to close. USDCAD: open 1.3847, overnight range 1.3808-1.3872, close 1.3829, WTI 61.20, Gold 3310.44 The Canadian dollar remains trapped in its well-defined range as traders remain fixated on Trump’s […]
Risk sentiment turns positive as Trump back-tracks on Powell. Stock markets rally and Treasury yields sink US dollar rallies but CAD and MXN outperform USDCAD: open 1.3805, overnight range 1.3798-1.3861, close 1.3815, WTI 64.54, Gold 3318.08 The Canadian dollar has whip-sawed in a 1.3780-1.3860 range since Monday with traders struggling to find direction. The Canadian […]
Trump’s threat to fire Powell tanks greenback. China Leaves benchmark rates unchanged US dives across the board. USDCAD: open 1.3797, overnight range 1.3781-1.3851, close 1.3848, WTI 62.14 Gold 3394.83. The Canadian dollar soared in extremely thin overnight trading as most of the major trading centers were closed for Easter Monday. Those closures include the UK, […]
Canada CPI expected to be unchanged in March. Trump hinting at a pause in auto tariffs. US still on the defensive. USDCAD: open 1.3857, overnight range 1.3850-1.3909, close 1.3877, WTI 61.04, Gold 3221.94 The Canadian dollar is trading sideways but with a bit of an updraft ahead of this mornings Canadian March inflation report. […]
Trump delays tariffs on Chinese electronic imports. Global equity indexes surge. US dollar consolidating losses-AUD outperforms USDCAD: open 1.3848, overnight range 1.3829-1.3885 close 1.3865, WTI 2.08, Gold 3224.12 The Canadian dollar added to last week’s gains in Asia before the rally ran out of steam. The move was driven by external factors and the […]
Markets rally when Trump blinks US March CPI ex-food and energy expected at 3.0% y/y-February 3.1% US dollar sinks like a rock except against CHF and JPY USDCAD: open 1.4072, overnight range 1.4050-1.4111, close 1.4084, WTI 60.75, Gold 3116.22 The Canadian soared yesterday and then extended the rally overnight after Trump hit the pause button […]
Global equity indexes in free fall China retaliates with a 50% tariff hike to 84% for US imports. US dollar falling as investors “sell America.” USDCAD: open 1.4206, overnight range 1.4194-1.4274 close 1.4264, WTI 56.91 Gold 3044.99 The Canadian dollar is steady and trading with a modest bid as news of China’s tariff retaliation exacerbates […]
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