Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
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 […]
Loonie gives back post-CPI gains. Hawkish Fed-speak underpins greenback US dollar opens with gains across the board, except against AUD. USDCAD: open 1.3672, overnight range 1.3650-1.3694, close 1.3659, WTI $81.56, Gold, $2316.48 The Canadian dollar rallied on the heels of a higher-than-expected Canadian inflation report yesterday. May CPI rose 0.6% m/m (forecast 0.3%) and 2.9% […]
Large USDCAD option expiries and Retail Sales ahead. Eurozone PMI’s weaker than expected. US dollar consolidating recent gains in subdued overnight session. USDCAD: 1.3676, overnight range 1.3670-1.3708, close 1.3694, WTI $81.05, Gold, $2325.18 The Canadian dollar crawled higher overnight, which was a quiet start to what should be a busy week. The Bank of Canada […]
Large USDCAD option expiries and Retail Sales ahead. Eurozone PMI’s weaker than expected. US dollar consolidating recent gains in subdued overnight session. USDCAD: open 1.3691, overnight range 1.3674-1.3699, close 1.3700, WTI $81.31, Gold, $2363.81 The Canadian dollar see-sawed in a narrow range overnight. Traders were distracted by Eurozone and UK PMI reports and caution ahead […]
Flat inflation and slightly hawkish Fed FOMC dot-plot projects one rate cut in 2024 US dollar recouping some of yesterday’s losses USDCAD: open 1.3742, overnight range 1.3714-1.3750, close 1.3725, WTI $77.75, Gold, $2315.64 The Canadian dollar did its best imitation of a ping-pong ball at a high-stakes tournament yesterday but calmed down overnight. USDCAD […]
Bank of Canada widely expected to announce 25 bp rate cut today. Risk sentiment is mixed ahead of upcoming ECB meeting and US nonfarm payrolls. US dollar trading defensively but little changed since Tuesday close. USDCAD: open 1.3685, overnight range 1.3666-1.3691, close 1.3679, WTI $73.22, Gold, $2332.39. The Canadian dollar is drifting lower into the […]
Bond traders driving FX markets US 10-year Treasury yield drifts lower, ahead of US GDP and jobless claims data. US dollar consolidates Wednesday’s gains but off its best levels. USDCAD: open 1.3721, overnight range 1.3709-1.3736, close 1.3718, WTI $78.92, Gold, $2332.52 The Canadian dollar dropped sharply yesterday after traders reduced their expectations for earlier-than-expected […]
USDCAD: open 1.3661, overnight range 1.3641-1.3678, close 1.3645, WTI $80.59, Gold, $2345.26 Treasury yield spike sinks Loonie. Canadian and US economic calendars are very light. US dollar consolidating Tuesday’s gains. The Canadian dollar rally hit a brick wall, and the currency tumbled, negating a minor uptrend. The Loonie appeared to be on the verge […]
USD/CAD Open: 1.3669, Overnight Range: 1.3665-1.3697, Previous Close: 1.3695 WTI Oil open at $78.07 and gold open at $2,364.40. US markets are lower today. For today, USD resistance is at 1.3738. Support is at 1.3721. FOMC minutes were hawkish but past the “best-before” date. Gold tumbles sharply. US dollar is little changed compared to […]
USD/CAD Open: 1.3630, Overnight Range: 1.3622-1.3644, Previous Close: 1.3619 WTI Oil open at $78.58 and gold open at $2,416.17. US markets are higher today. For today, USD resistance is at 1.3649. Support is at 1.3633. Canada CPI expected to rise 2.7% y/y vs 2.9% in March. Fed’s Mester said she no longer sees three […]
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