Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
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 […]
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 […]
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