Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
FX markets churn post-FOMC decision. Bank of England stays the course-leaves rates unchanged US dollar trading with a small bid after overnight price swings. USDCAD: 1.3538, overnight range 1.3533-1.3648, close 1.3605, WTI $70.79, Gold, $2591.94 The Canadian dollar was whip-sawed following the FOMC decision to slash US interest rates by 50 bps, and the volatility […]
Canada CPI hits BoC target Markets on hold until FOMC meeting results at 2:00 pm US dollar opens little changed from close but lower from yesterday. USDCAD: open 1.3586, overnight range 1.3582-1.3598, close 1.3598, WTI $68.01, Gold, $2572.31 The Canadian dollar is idling ahead of the key FOMC meeting this afternoon. The meeting is being […]
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 […]
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