Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
ECB rate cut to be followed by cautious guidance. US data includes weekly jobless claims and August PPI US dollar trading sideways despite improved risk sentiment. USDCAD: open 1.3571, overnight range 1.3564-1.3586, close 1.3578, WTI $68.64, Gold, $2519.09 The Canadian dollar dropped yesterday after the US inflation report suggested that the Fed would not cut […]
US CPI data overshadows debate. USDJPY gives back all of its 2024 gains. US dollar retreats modestly, post-debate. USDCAD: open 1.3588, overnight range 1.3556-1.3579, close 1.3610, WTI $67.41, Gold, $2523.25 The Canadian dollar is the yoyo, and the greenback is the yoyoer. Prevailing US dollar sentiment on any given day determines what tricks the yoyoer […]
Traders expect a 25 bp rate cut from Bank of Canada. JOLTS Survey is focus for traders today. US dollar consolidating yesterday’s moves. USDCAD: open 1.3556, overnight range 1.3533-1.3563, close 1.3552, WTI $70.00, Gold, $2481.72 The Canadian dollar traded negatively yesterday as it was caught up in a wave of negative risk sentiment. Disappointing US […]
Canadian economic growth expected to have slowed in June. US Core PCE-Price index forecast at 0.2% m/m (previous 0.1%) US dollar opens a tad firmer across the board. USDCAD: open 1.3474, overnight range 1.3470-1.3491, close 1.3485, WTI $75.89, Gold, $2524.52 The Canadian dollar drifted with a modestly negative bias overnight but is still on track […]
Loonie drifting higher on talk of aggressive Fed rate cuts. Australian inflation rises more than expected, but below last month. US dollar opens modestly higher but remains on the defensive. USDCAD: open1.3460, overnight range 1.3441-1.3469, close 1.3443, WTI $74.69, Gold, $2510.32 The Canadian dollar scratched out further gains yesterday and then consolidated them in a […]
FOMC minutes are the highlight of a light US economic calendar. Nonfarm payroll revisions to benchmark could roil markets. US dollar continues to fall on dovish Fed speculation. USDCAD: open 1.3609, overnight range 1.3599-1.3626, close 1.3620, WTI $73.45, Gold, $2505.49 The Canadian dollar continues to grind out gains, driven by broad-based selling pressure on the […]
Soft US inflation data hope driving US dollar down. RBNZ turns dovish and cuts rates by 25 bps. US dollar trading with negative bias. USDCAD: open 1.3702, overnight range 1.3700-1.3721, close 1.3706, WTI $78.18, Gold, $2473.90 The Canadian dollar is riding high thanks to wide-spread US dollar selling in anticipation of the Fed launching a […]
US PPI ex food and energy forecast 2.7% y/y vs June 3.0% WTI oil prices climb on escalating Iran and Israel tensions. US dollar opens mixed-Commodity currencies outperform. USDCAD: open 1.3731, overnight range 1.3727-1.3748, close 1.3744, WTI $79.94, Gold, $2460.70 The Canadian dollar remains stuck in a rut, with the rally that began on August […]
Canada’s unemployment rate expected to rise to 6.5% from 6.4%. Global equity rally improves risk sentiment. US dollar slides with stock market gains. USDCAD: open 1.3733, overnight range 1.3718-1.3744, close 1.3735, WTI $76.35, Gold, $2432.72. The Canadian dollar had a wild week and despite teetering on the edge of the abyss on holiday Monday in […]
Equity rally was short-lived-global indices posting losses. BoC minutes show policymakers fear slowing growth. US dollar trading quietly on a mixed note. USDCAD: open 1.3746, overnight range 1.3727-1.3762, close 1.3760, WTI $74.83, Gold, $2396.57 The Canadian dollar rally stalled yesterday, and prices drifted inside yesterday’s range, in an uneventful overnight session. The Summary of Deliberations […]
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