Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
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 […]
Sunny days-global equity indexes rally. Loonie soars as CAD/US interest rate spreads narrow. US dollar trading defensively but JPY sharply lower. USDCAD: open 1.3748, overnight range 1.3748-1.3791, close 1.3785, WTI $74.03, Gold, $2394.39 The Canadian dollar is back from the brink. After nearly falling off a cliff on Friday, the Loonie has recouped all its […]
Safe-haven demand weighing on Treasury yields while boost gold prices. US nonfarm payrolls forecast to rise 180,000 in July (previous 206,000). US dollar opens mixed, consolidating yesterday’s gains. USDCAD: open 1.3876, overnight range 1.3853-1.3888, close 1.3874, WTI $76.55, Gold, $2463.45 A weaker-than-expected US employment report, featuring fewer new jobs and a higher unemployment rate, will […]
GBPUSD tumbles after BoE cuts rates. Fed keeps September rate cut hopes alive. US dollar rebounds from yesterday’s lows. USDCAD: open 1.3833, overnight range 1.3800-1.3836, close 1.3808, WTI $78.52, Gold, $2433.10 The Canadian dollar attempted to rally following the FOMC statement and Fed Chair Powell’s press conference yesterday but was unable to sustain the gains. […]
FOMC decision ahead BoJ hikes rates to 0.25% US dollar opens on mixed note as yen outperforms. USDCAD: open 1.3843, overnight range 1.3834-1.3859, close 1.3850, WTI $76.74, Gold, $2421.14 Loonie’s direction is at the mercy of external developments, including geopolitical tensions and the Federal Open Market Committee meeting today. Geopolitical tensions ratcheted higher again […]
Canadian Dollar rises modestly July 26, 2024. Key US inflation data on tap. Global risk sentiment improves marginally. US dollar gives back some of this weeks gains. USDCAD: open 1.3815, overnight range 1.3807-1.3827, close 1.3826, WTI $77.88, Gold, $2374.23. The Canadian dollar traded sideways but modestly higher in a quiet session ahead of today’s important […]
US politics distracts but has little impact on FX China surprises with rate cuts. US dollar trading with a mild bid. USDCAD: open 1.3744, overnight range 1.3701-1.3748, close 1.3727, WTI $78.52, Gold, $2404.85 The Canadian dollar traded lower throughout the overnight session due to a bout of risk aversion and falling oil prices. US […]
Canada June inflation data on tap. US Retail Sales data is overshadowed by politics. US dollar recoups some losses in uneventful overnight trading. USDCAD: 1.3678, overnight range 1.3674-1.3695, close 1.3682, WTI $80.22, Gold, $2443.05 The Canadian dollar is trading with a negative bias due to broad US dollar demand against the G-10 majors, driven by […]
Greenback rises with Trump presidential odds. JOLTS job-openings and Fed Powell in focus today. US dollar consolidating Monday’s gains. USDCAD: open 1.3731 overnight range 1.3727-56 close 1.3738, WTI $83.92, Gold, $2324.77 The Canadian dollar has had a topsy-turvy few days. Friday’s highly anticipated US Core Price Index data showed inflation cooling to 2.6% y/y […]
BoC July rate cut hopes downgraded. Lots of US data but little interest. US dollar inches higher in quiet overnight session. USDCAD: open 1.3683, overnight range 1.3678-1.3713, close 1.3703, WTI $81.34, Gold, $2312.68 The Canadian dollar is trading like a tourist in Toronto reading a street map upside down. It doesn’t know whether it is […]
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