Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
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 […]
Risk sentiment improves as US/China trade tensions thaw. US NFP expect to rise 130,000 vs 228,000 in April. US dollar opens mostly lower compared to Thursday, ahead of jobs data. USDCAD: open 1.3811, overnight range 1.3803-1.3858, close 1.3856, WTI 58.86, Gold 3265.58 The Canadian dollar is trading sideways and awaiting direction from today’s US jobs […]
Bank of Japan leaves rates unchanged-blames tariff uncertainty. S&P 500 futures soar in holiday-thinned markets US dollar grinds higher USDCAD: open 1.3823, overnight range 1.3784-1.3825, close 1.3801, WTI 56.70, Gold 3218.69 The Canadian dollar gave back some of yesterday’s gains after the US caught a bid in overnight markets Yesterday Statistics Canada reported that March […]
US data eyed for details of Trump’s tariff fall-out. Eurozone data dump largely ignored US dollar grinds out gains-CAD and MXN outperform USDCAD: open 1.3834, overnight range 1.3817-1.3847, close 1.3834, WTI 60.06, Gold 3275.34 The Canadian dollar is inching higher in subdued trading conditions ahead of this morning’s US and Canadian economic releases. February GDP […]
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 […]
Cautious start to trading ahead of key US data this week and month end flows. Global equities rise on improved risk sentiment. US dollar dips on improved risk sentiment. USDCAD: open 1.3872, overnight range 1.3850-1.3893, close 1.3856, WTI 62.72, Gold 3274.26 The Canadian dollar continues to drift aimlessly with the same range that has […]
China and US talk about lowering some tariffs on some goods. Canada Retail Sales -Ex autos forecast -0.4% (previously 0.2% m/m) US dollar catches a bid-JPY underperforms. USDCAD: open 1.3891, overnight range 1.3845-1.3893, close 1.3857, WTI 62.43, Gold 3292.57 The Canadian dollar dropped in the wake of fresh US dollar demand vs the G-10 currencies […]
Renewed trade fears turn sentiment bearish. US Durable Goods Orders and weekly jobless claims on tap. US dollar consolidating yesterdays gains but opens on the defensive. USDCAD: open 1.3844, overnight range 1.3840-89, close 1.3881, WTI 62.64, Gold 3376.71 The Canadian dollar is giving back yesterday’s gains on the heels of Trump’s latest tariff broadside against […]
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, […]
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