Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
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 […]
USD/CAD Open: 1.3639, Overnight Range: 1.3612-1.3644, Previous Close: 1.3619 WTI Oil open at $79.31 and gold open at $2,382.56. US markets are mixed today. For today, USD resistance is at 1.3619. Support is at 1.3604. Canada and many European markets are closed Monday. Fed policymakers push back against early rate cut sentiment. US dollar […]
USD/CAD Open: 1.3624, Overnight Range: 1.3590-1.3629, Previous Close: 1.3602 WTI Oil open at $78.34 and gold open at $2,385.10. US markets are lower today. For today, USD resistance is at 1.3627. Support is at 1.3608. US CPI fuels early rate cut hopes. European equities and US futures treading water ahead of weekly jobless claims. […]
USD/CAD Open: 1.3747, Overnight Range: 1.3721-1.3761, Previous Close: 1.3728 WTI Oil open at $77.44 and gold open at $2,311.03. US markets are mixed today. For today, USD resistance is at 1.3727. Support is at 1.3717. Hawkish Fed comments from Neel Kashkari sinks Loonie. More Fed-speak today but no data. USD dollar opens higher with […]
USD/CAD Open: 1.3718, Overnight Range: 1.3705-1.3743, Previous Close: 1.3740 WTI Oil open at $79.69 and gold open at $2,301.85. US markets are higher today. For today, USD resistance is at 1.3678. Support is at 1.3660. Fed sticks to its plan. Bank of Japan intervenes again. USD consolidating yesterday’s post-FOMC losses. The Canadian dollar sank […]
USD/CAD Open: 1.3773, Overnight Range: 1.3767-1.3784, Previous Close: 1.3780 WTI Oil open at $80.43 and gold open at $2,291.93. US markets are higher today. For today, USD resistance is at 1.3785. Support is at 1.3750. Fed expected to adopt a hawkish bias. Governor Tiff Macklem address Senate Banking Committee. USD opens with a bid, […]
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