Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
FOMC minutes unlikely to offer fresh insight. RBNZ cuts rates by 25 bps to 3.25%-more cuts ahead. US dollar opens mixed in uninspired trading. USDCAD: open 1.3825, overnight range 1.3802-1.3839, close 1.3813, WTI 61.30, Gold 3324.23 The Canadian dollar fell yesterday then consolidated the losses overnight. The catalyst for the sell-off was stronger-than-expected U.S. […]
Equities Rally on Japan’s bond plans US Durable Goods Orders data on tap. US rallies across the board on lower Treasury yields. USDCAD: open 1.3761, overnight range 1.3722.1.3769, close 1.3737, WTI 61.67, Gold 3298.30 The Canadian dollar rally stalled overnight after Japan’s Ministry of Finance’s hint of a long-bond issuance tweak sparked renewed demand […]
US and UK markets are closed on Monday Canada Retail Sales data for March on tap-forecast 0.7% m/m (vs -0.4% previously) US dollar extends losses in pre-long weekend trading. USDCAD: open 1.3805, overnight range 1.3804-1.3866, close 1.3858, WTI 61.16, Gold 3328.83 The Canadian dollar is attempting to extend this week’s gains as traders focus […]
US Treasury Secretary agrees yen is fairly valued. Global equities extend losses-S&P 500 futures in positive territory. US dollar is consolidating yesterday’s losses USDCAD: open 1.3881, overnight range 1.3846-1.3885, close 1.3860, WTI 60.64, Gold 3306.67 The Canadian dollar is consolidating yesterday’s losses. Prices bounced off of resistance yesterday, but the intraday and short-term technical trends […]
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, […]
Toll-Free Canada or USA
or
Monday to Thursday
From 8:30 AM to 9:30 PM EST
Friday and Saturday
From 8:30 AM to 5:30 PM EST
AUD
CAD
EUR
GBP
NZD
USD
