Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Trump dials back China rhetoric BoC Business outlook Survey on tap US opens little changed from Friday USDCAD open: 1.4032, overnight range 1.4006-1.4036 close, 1.4021, WTI 56.89, Gold 4253.99 The Canadian dollar was confined in a tight band but trading with a bearish tilt. The highlight today will be the Bank of Canada’s Business […]
China/US trade tensions rise Global equities under pressure US dollar catches a safe-haven bid USDCAD open 1.4069, overnight range 1.4030-1.4070, Monday close, 1.4040, WTI 58.38, Gold 4126.79 The Canadian dollar is continuing Friday’s that was sparked when Trump tweeted about hiking China tariffs by another 100%. The tweet fueled demand for safe-haven currencies and […]
FOMC minutes are dovish-as expected Gaza ceasefire announcement improves risk sentiment, marginally US dollar traded higher overnight but eased into NY open USDCAD open 1.3948, overnight range 1.3933-1.3964, close, 1.3954, WTI 62.34, Gold 4038.44 The Canadian dollar traded quietly and remains trapped in the range that has contained price action for two weeks. WTI […]
US government shuts down for 21st time since 1971 US ISM Manufacturing PMI due US dollar opens with losses across the board USDCAD open 1.3926, overnight range 1.3907-1.3933, close 1.3921, WTI 61.87, Gold 3889.09 The Canadian dollar is under pressure despite broad US dollar weakness against the other G-10 currencies. The weakness reflects underlying […]
Markets cautious due to US government shutdown risk US employment picture in focus all week US dollar opens slightly lower after subdued overnight session USDCAD open 1.3922, overnight range 1.3916-1.3948, close, 1.3942, WTI 64.64, Gold 3808.05 The Canadian dollar traded quietly as it consolidates last week’s losses. Friday’s slightly stronger-than-expected Canadian July GDP print […]
Trump ‘s UN speech raises tensions with Russia Fed Chair Powell reiterates that inflation risks tilted to the upside US dollar catches a bid and recoups recent losses USDCAD open 1.3870, overnight range 1.3838-1.3879, close, 1.3837, WTI 63.79, Gold 3767.82 The Canadian dollar is being undermined by broad US dollar demand and Bank of […]
Trump addresses the UN today at 9:50 am Fed Chair Powell delivers remarks this afternoon US dollar opens defensively-CAD underperforms USDCAD open 1.3830, overnight range 1.3817-1.3845, close, 1.3819, WTI 62.67, Gold 3784.95 The Canadian dollar is trading with a negative bias due to ongoing concerns about economic weakness, rising unemployment and renewed trade […]
BoJ leaves rates unchanged-two dissents Trump and Xi Jinping speak today about trade and TikTok US dollar ending the week on a firm footing USDCAD open 1.3813, overnight range 1.3789-1.3820, close, 1.3797, WTI 62.98, Gold 3658.50 The Canadian dollar sank yesterday and again overnight after yesterdays weekly jobless claims and Philadelphia Fed survey results […]
Sliding Treasury yields weigh on US dollar Canada inflation expected to have heated up in August US dollar trading negatively USDCAD open 1.3766 overnight range 1.3762-1.3783, close, 1.3780, WTI 63.18, Gold 3698.31 The Canadian dollar rally picked up speed yesterday after weaker than expected NY Empire State Manufacturing data and Fed news fueled […]
China and US trade talks are ongoing in Madrid Canadian parliament reopens US dollar losing ground on outlook for dovish Fed USDCAD open 1.3831 overnight range 1.3821-1.3846, close, 1.3845, WTI 62.99, Gold 3641.24 The Canadian dollar moved back from the brink yesterday and traded sideways overnight. The Loonie is suffering because of a weak […]
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