Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
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 […]
Canada’s unemployment rate expected to rise to 6.5% from 6.4%. Global equity rally improves risk sentiment. US dollar slides with stock market gains. USDCAD: open 1.3733, overnight range 1.3718-1.3744, close 1.3735, WTI $76.35, Gold, $2432.72. The Canadian dollar had a wild week and despite teetering on the edge of the abyss on holiday Monday in […]
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 […]
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