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 breaking down UK Prime Minister announces his resignation US dollar extends gains but opens below its overnight peak USDCAD open: 1.4173, overnight range 1.4165-1.4194, close 1.4155, WTI 75.34, Gold 4,208.41 The Canadian dollar continued to be weighed down following Friday’s weaker-than-expected Canadian Retail Sales data for April. Economists suggest higher gasoline prices […]
Canadian Dollar under pressure Iran/and US talks in Switzerland have been postponed US Markets closed today US dollar extends gains on safe-haven demand USDCAD open: 1.4141, overnight range 1.4129-1.4160, close 1.4140, WTI 77.16, Gold 4,162.27 US markets are shut for Juneteenth. The Canadian dollar drifted lower overnight in thinner-than-usual trade, with holidays in China […]
Canadian Dollar jumps into the abyss FOMC result deemed hawkish-Fed rate hike expected in September Oil prices consolidating losses as oil tankers traverse the Strait of Hormuz US dollar rallies across the board USDCAD open: 1.4125, overnight range 1.4095-1.4133, close 1.4101, WTI 74.40, Gold 4,269.16 The Canadian dollar tanked on the heels of a […]
Canadian Dollar on hold until FOMC Traders are on the sidelines awaiting today’s FOMC meeting Oil prices are trading with negative bias after IEA predicts global glut in 2027 US dollar inches higher into Fed meeting USDCAD open: 1.4003, overnight range 1.3990-1.4008, close 1.3997, WTI 76.05, Gold 4,329.17 The Canadian dollar drifted with no […]
Canadian Dollar grinding out gains Trump declares peace with Iran Oil prices tumble and gold rebounds US dollar ticks drifting lower on safe-haven trade unwinding. USDCAD open: 1.3972, overnight range 1.3950-1.3992, close 1.3989, WTI 80.19, Gold 4,336.68 The Canadian dollar is a touch firmer today, following Trump’s declaration that peace has broken out with […]
Canadian Dollar back from the brink Trump predicts end of Iran war this weekend Oil prices plunge over 8.5% US dollar ticks lower on improved risk sentiment USDCAD open: 1.3983, overnight range 1.3959-1.399, close 1.3967, WTI 84.20, Gold 4,226.18 The Canadian dollar is trading with a firmer tone after a volatile 24 hours dominated […]
Canadian Dollar treading water Bank of Canada expected to leave rates unchanged Oil prices consolidate yesterday’s losses despite ceasefire violations US dollar opens mixed to softer ahead of US inflation numbers. USDCAD open: 1.3927, overnight range 1.3924-1.3957, close 1.3948, WTI 87.99, Gold 4,169.16 The Canadian dollar keeps inching higher ahead of today’s US inflation […]
Canadian Dollar consolidating Friday’s losses Widening CAD/US interest rate spreads weigh on Loonie. Oil prices rise on renewed Iran/Israel hostilities. US dollar giving back European gains in early NY trading. USDCAD open: 1.3947, overnight range 1.3936-1.3954, close 1.3939, WTI 94.77, Gold 4,292.62 The Canadian dollar got spanked following the stronger than expected US jobs […]
Canadian Dollar in Payrolls Mode Canadian jobs report will be overshadowed by US NFP Oil prices ease US dollar opened with small losses after quiet overnight session USDCAD open: 1.3868, overnight range 1.3868-1.3912, close 1.3910, WTI 92.83, Gold 4,462.32 The Canadian dollar is trading sideways but firmer ahead of the Canadian and US employment […]
Canadian Dollar putting up a fight Global risk sentiment ebbs and flows Weekly US jobless claims and Challenger job cuts on tap US dollar traded firm overnight but gave back gains in nearly NY trading USDCAD open: 1.3901, overnight range 1.3859-1.3925, close 1.3897, WTI 94.61, Gold 4,4470.47 The Canadian dollar sank during Asian hours […]
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