Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Canadian Dollar Trickling Lower Divergent Fed and BoC policies weighing on Loonie Oil falls on optimism for US and Iran deal US dollar opens mixed after quiet overnight session USDCAD open: 1.3825, overnight range 1.3804-1.3830, close 1.3813, WTI 89.89, Gold 4,488.24 The Canadian dollar drifted lower but remained in familiar territory, undermined by a […]
Canadian Dollar bumping into resistance Global equities rise on Iran/US optimism Canada Retail Sales should be a non-event for traders US dollar remains bid on hawkish Fed outlook USDCAD open: 1.3791, overnight range 1.3773-1.3800, close 1.3780, WTI 98.45, Gold 4,531.45 NOTE: There will not be a KBFX Daily on Monday due to the US […]
Canadian Dollar drifting sideways Risk sentiment improves modestly FOMC minutes were hawkish US dollar is steady, underpinned by treasury yields. USDCAD open: 1.3767, overnight range 1.3739-1.3777, close 1.3744, WTI 97.61, Gold 4,4530.95 The Canadian dollar tracked broad US dollar moves and the somewhat hawkish FOMC minutes limited gains. Traders are weighing a tangle of […]
Canadian Dollar Drops as Risk Aversion Rises Trump’s China tour hardly a resounding success Treasury yields soar driving greenback higher The US dollar rises on renewed negative risk sentiment USDCAD open: 1.3754, overnight range 1.3715-1.3758, close 1.3707, WTI 105.12, Gold 4,546.98 The Canadian dollar dropped overnight as global risk sentiment deteriorated. Trump’s China tour […]
Canadian Dollar treading water Trump/Xi Jinping meeting rather tame, so far BoC reiterates that it is data dependent. The US dollar opens with a modest bid after a quiet overnight session USDCAD open: 1.3707, overnight range 1.3702-1.3721, close 1.3708, WTI 101.07, Gold 4,698.79. The Canadian dollar is creeping lower in an otherwise subdued session, […]
Canadian Dollar treading water Market attention shifts from Iran to China Oil prices inch higher The US dollar opens mixed to firmer in early NY trading USDCAD open: 1.3702, overnight range 1.3684-1.3711, close 1.3699, WTI 101.34, Gold 4,700.15. The Canadian dollar drifted inside a familiar band as overnight activity lacked conviction. Tuesday’s US inflation […]
Canadian Dollar slowly sinks Global markets revert to “risk off” Trump says US and Iran ceasefire is on life support. The US dollar opens books gains across the board USDCAD open: 1.3711, overnight range 1.3672-1.3711, close 1.3680, WTI 101.10, Gold 4,700.11. The Canadian dollar eased lower, driven by renewed risk-off sentiment after Trump declared […]
Canadian Dollar finds its footing Oil prices rise after Trump rejects Iran counter proposal China’s Trade surplus widens The US dollar opens slightly firmer against the majors USDCAD open: 1.3590, overnight range 1.3578-1.3623, close 1.3620, WTI 92.98, Gold 4,727.32. The Canadian dollar recouped Friday’s losses overnight thanks to another surge in oil prices Otherwise, […]
US and Iran ceasefire is fragile but still holding. US NFP likely overshadowed by inflation fears. The US dollar traded softer on improved risk sentiment. USDCAD open: 1.3647, overnight range 1.3646-1.3667, close 1.3665, WTI 95.15, Gold 4,712.32. The loonie lagged its G-10 counterparts despite a firmer oil market while awaiting todays domestic Labour Force […]
Traders tempering optimism around Iran peace deal Oil prices consolidating losses The US dollar trading slightly lower against the majors. USDCAD open: 1.3590, overnight range 1.3578-1.3623, close 1.3620, WTI 92.98, Gold 4,727.32. The Canadian dollar rose slightly after Improved global risk sentiment nudged the US dollar modestly lower overnight. Iran is reviewing the latest […]
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