Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Fed December rate cut odds sore Ottawa and Alberta talk pipeline US dollar opens mixed to bid USDCAD open: 1.4113, overnight range 1.4102-1.4124, close 1.4107, WTI 58.62, Gold 4131.84 The Canadian dollar is still playing defense. The currency pair only saw limited benefit from Fed Governor Christopher Walker’s comments supporting a December rate cut. […]
Markets undecided due to Fed and Russia/Ukraine Oil prices trading sideways, bearish bias US dollar starts session on a mixed noted USDCAD open: 1.4111, overnight range 1.4091-1.4115, close 1.4103, WTI 57.73, Gold 4064.23 The Canadian dollar continues to consolidate last weeks losses as traders get comfortable with the currency pair above the psychological USDCAD […]
Risk sentiment sours on US jobs data Japan announces major fiscal stimulus package US dollar opens with gains USDCAD open: 1.4093, overnight range 1.4082-1.4106 close, 1.4098, WTI 57.48, Gold 4037.85 The Canadian dollar dropped yesterday and continued to do so overnight and in early NY trading today. Broad-based US dollar demand, and downbeat economic […]
Hawkish FOMC minutes give greenback a lift Equity markets rebound after Nvidia earnings US dollar firmer across the board. USDCAD open: 1.4053, overnight range 1.4042-1.4063 close 1.4050, WTI 59.79, Gold 4058.97 The Canadian dollar was already sinking when the FOMC minutes were released and it continued to do so overnight. The Canadian dollar suffered […]
Carney government survives no-confidence vote-budget passes Equity markets under pressure US dollar trading modestly bid on safe haven demand USDCAD open: 1.4036, overnight range 1.4035-1.4063, close 1.4057, WTI 59.89, Gold 4044.14 The Canadian dollar recovered from its session low after global stocks tumbled ahead of incoming US data. Prime Minister Mark Carney’s government […]
PM Carney faces non-confidence vote today US economic data begins trickling today US dollar trading sideways and opens on mixed note USDCAD open: 1.4032, overnight range 1.4016-1.4039, close 1.4023, WTI 59.96, Gold 4069.53 The Canadian dollar is grinding slowly lower in an uneventful overnight session. The greenback has a bit of a bid due […]
US Government shutdown talks may have made a breakthrough Oil prices lower on oversupply fears US dollar opens with losses across the board USDCAD open: 1.4019, overnight range 1.4001-1.4058, close, 1.4042, WTI 59.87, Gold 4080.93 The Canadian dollar got a boost from a sharp improvement in global risk sentiment overnight. Chinese inflation picked up […]
Bank of Canada rate decision and MPR due Today’s FOMC decision will be a non-event US dollar opens on a mixed note USDCAD open: 1.3944, overnight range 1.3924-1.3949, close, 1.3944, WTI 60.22, Gold 4023.79 The Canadian dollar broke through resistance yesterday and then extended the gains, albeit modestly, overnight. The rally was due to […]
Trump announces framework of a trade deal with Japan Oil prices slump on fresh supply fears US dollar drifts lower in quiet trading USDCAD open: 1.3997, overnight range 1.3982-1.4004, close, 1.3990, WTI 60.39, Gold 3905.01 The Canadian dollar wafted higher in subdued trading, as it caught an updraft from broad but minor US dollar […]
Oil prices surge on new US sanctions Canada Retail Sales data due this morning US opens trading slightly higher-Commodity currencies outperform USDCAD open: 1.3996, overnight range 1.3987-1.4005, close 1.3998, WTI 61.76, Gold 4125.34 The Canadian dollar traded inside yesterday’s range and remains underpinned by the surge in oil prices. WTI oil prices rallied […]
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