Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
FOMC officials will be chattering up a storm today. US dollar rallies across the board. USDCAD: open 1.3962, range (since Friday) 1.3898-1.3967 close 1.3915, WTI $68.50, Gold, $2597.44 There are plenty of Fed officials offering opinions today. They include Kansas City Fed President Jeff Schmid, St. Louis Fed President Alberto Musalem, New York Fed President […]
Fed rate cut of 25 bps fully priced in. BoE does as expected and cuts rates by 25 bps. US dollar trading with a bit of a bid ahead of Fed meeting USDCAD: open 1.3885 overnight range 1.3871-1.3949 close 1.3941, WTI $71.08, Gold, $2666.62 The Canadian dollar is steady and opened nearly unchanged from where […]
Trump wins and US dollar soars Focus shifting to FOMC meeting tomorrow. US dollar rallies hard against all the majors. USDCAD: open 1.3893 overnight range 1.3822-1.3939 close 1.3826, WTI $70.98, Gold, $2720.82 The Canadian dollar is back on the defensive following Donald Trump’s election victory. The US election overshadowed all else. The release of […]
Global markets in park until after US election. China data and RBA boost AUD US dollar opens modestly lower after dull overnight session. USDCAD: open 1.3885, overnight range 1.3880-1.3907 close 1.3902, WTI $71.75, Gold, $2738.53 The Canadian dollar pulled back from the edge of the abyss yesterday then traded quietly and in a narrow […]
Loonie suffers on interest rate outlook. US GDP and quarterly earnings reports in focus. US dollar trades modestly lower but not against CAD USDCAD: open 1.3915, overnight range 1.3902-1.3925, close 1.3915, WTI $67.59, Gold, $2784.56 The Canadian dollar was the laggard yesterday and in overnight trading. The US dollar drifted lower against the G-10 […]
BoC Governor testifies to Parliament today. Focus is on US election, not data. US dollar opens defensively as it consolidates recent gains. USDCAD: open 1.3880, overnight range 1.3876-1.3901, close 1.3889, WTI $67.95, Gold, $2752.49 The Canadian dollar drifted sideways in an uneventful overnight session as FX traders adopt a wait and see approach to […]
CAD/US 10-year yield spreads widen in favour of US Sinking oil prices weighing on Loonie. USDCAD: open 1.3895, overnight range 1.3886-1.3907, close 1.3894, WTI $67.16, Gold, $2729.16 The Canadian dollar came under renewed pressure overnight stemming from geopolitical issues. Oil traders reacted and sold WTI, driving the price down 6.6%. The oil price drop […]
US NFP expected at 142,000 (previous 140,000) Oil rises with geopolitical tensions, US dollar traded quietly overnight ahead of today’s US employment numbers. USDCAD: open 1.3557, overnight range 1.3544-1.3568, close 1.3556, WTI $74.45, Gold, $2657.47 The Canadian dollar is under pressure and is testing key support levels despite a surge in WTI oil prices. USDCAD […]
Loonie lagging commodity currency bloc gains. Fed Powell pushes back against 50 bp rate cut speculation. US dollar rebounds against majors except against antipodeans. USDCAD: open 1.3533, overnight range 1.3490-1.3540, close 1.3526, WTI $67.11, Gold, $2649.02 The Canadian dollar is sluggish. The Loonie could not get any upward traction after August GDP rose a smidgen […]
China rate cut improves risk sentiment. Eurozone and UK PMI data is disappointing. US dollar trading lower vs commodity currency bloc but higher against Europe. USDCAD: open 1.3562, overnight range 1.3549-1.3583, close 1.3576 , WTI $71.12, Gold, $2621.19 The Canadian dollar drifted higher overnight and is attempting to break through resistance to extend gains. The […]
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