Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
BoC left rates unchanged, and Loonie rallied Fed Chair Powell fears higher inflation. US trading defensively in narrow ranges USDCAD: open 1.3892, overnight range 1.3855-1.3897, close 1.3858, WTI 63.16, Gold 3321.41 The Canadian dollar has had a topsy-turvy 24 hours and opened today about 100 bps higher than yesterday. That is because the Bank of […]
Analysts are divided as to a BoC rate hold or cut decision. Fed Chair Powell on tap this afternoon US opens mixed but trading with a negative bias. USDCAD: open 1.3912, overnight range 1.3904-1.3966, close 1.3959, WTI 61.85, Gold 3305.05 The Canadian dollar sank yesterday after weaker than expected Canadian inflation raised the odds for […]
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 […]
China raises its tariffs on US imports to 125% and say’s “We’re Done.” Stampede into safe haven currencies boosts JPY and CHF. US dollar opens with steep losses across the board. USDCAD: open 1.3890, overnight range 1.3874-1.3985, close 1.3984, WTI 60.55, Gold 3228.34 The Canadian dollar soared as investors world-wide dumped US dollars. Many economists […]
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 […]
Trump escalates trade with China. Global equity markets grinding out gains. US dollar opens lower compared to Monday close. USDCAD: open 1.4198 overnight range 1.4146-1.4246, close 1.4252, WTI 60.82, Gold 3006.90 The Canadian dollar is showing surprising resilience amid the broader volatility in global FX markets. The Loonie is finding some support from the fact […]
Loonie is steady in wake of USD risk-aversion rally. Global equity markets drowning in sea of red US dollar opens on a mixed note-antipodean currencies underperform. USDCAD: open 1.4262, overnight range 1.4195-1.4269, close 1.4226, WTI 59.08, Gold 3025.89 The Canadian dollar is holding its ground in a risk-off environment. The Loonie is getting a modest […]
Powell and Payrolls in focus Oil price plunge on Opec plan to boost production. US dollar rallies from yesterday’s NY close-AUD is the worst performing G-10 currency. USDCAD: open 1.4209, overnight range 1.4054-1.4209, close 1.4097, WTI 64.71, Gold 3091.53 The Canadian dollar rally ran out of gas yesterday afternoon and slid steadily throughout the overnight […]
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