Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Copper prices soar after Trump hikes tariffs by 50%. FOMC minutes confirmed Powell’s cautious stance. US dollar opens modestly lower in quiet overnight session USDCAD open 1.3678, overnight range 1.3664-1.3696, close 1.3686, WTI 68.08, Gold 3326.82 The Canadian dollar was largely ignored in a somewhat quiet FX session. Traders are becoming inured to Trump’s […]
Traders dismiss Trump’s latest tariff salvo on Copper and Pharmaceuticals. FOMC minutes may reveal extent of dovish bias. US dollar slightly higher ahead of FOMC minutes. USDCAD open 1.3665, overnight range 1.3660-1.3695, close 1.3660, WTI 68.64, Gold 3389.37 The Canadian dollar is gradually sinking due to Trump’s latest tariff attack. Canada is the second […]
Trump sends tariff letters-punts tariff deadline to August 1. Global equities shrug off tariff letter news. US dollar opens mixed-EUR retreats, AUD rallies. USDCAD open 1.3651, overnight range 1.3638-1.3684, close 1.3683, WTI 67.42, Gold 3332.42 The Canadian dollar danced inside yesterday’s range as traders digest the latest tariff developments. Once again, Trump has extended […]
Risk aversion rises as tariff deadline nears Opec raises production more than expected US dollar opens with gains across the board USDCAD open 1.3674, overnight range 1.3593-1.3686, close 1.3605, WTI 67.13, Gold 3309.25 The Canadian dollar plunged overnight as it was caught up in a wave of risk aversion because Trump’s July 9, tariff […]
Quiet trading day ahead as US markets are closed. Tariffs and tariff deadlines weighing on risk sentiment. US dollar little changed but with bearish outlook. USDCAD open 1.3591, overnight range 1.3567-1.3596, close 1.3582, WTI 66.28 Gold 3334.97 The Canadian dollar is directionless and rangebound with direction linked to the prevailing US dollar sentiment. The […]
US Markets closed Tomorrow-NFP report today. Weak US data raises odds for 3 Fed rate cuts in 2025 US dollar trading with a negative bias USDCAD open 1.3591, overnight range 1.3579-1.3601, close 1.3593, WTI 66.92, Gold 3346.38 The Canadian dollar is riding the bearish dollar wave and consolidated its recent gains in an […]
Trump renews personal attacks on Powell US ADP employment data focus US dollar steady but on the defensive. USDCAD open 1.3651, Range July1-July 2, 1.3592-1.3670, close 1.3646, WTI 65.65, Gold 3242.07 The Canadian dollar traded with a bullish tone yesterday before retreating following a resilient US JOLTS report and comments from Fed Chair […]
Canada backs down from digital tax-US/CAD trade talks restart Canadian markets are closed tomorrow US dollar trading with negative bias. USDCAD open 1.3680, overnight range 1.3654-1.3700, close 1.3683, WTI 65.36, Gold 3288.26 The Canadian dollar sank like a rock on Friday after Trump announced that “ALL discussions on Trade with Canada, end effective […]
Trump’s talks about naming successor to Powell, early. The wait until the US data dump keeping traders on the sideline US dollar opens with losses across the board. USDCAD open 1.3653, overnight range 1.3628-1.3663, close 1.3740, WTI 65.71, Gold 3283.79 The Canadian dollar is hanging on to yesterdays gains ahead of key US […]
Trump’s talks about naming successor to Powell, early. The wait until the US data dump keeping traders on the sideline US dollar opens with losses across the board. USDCAD: open 1.3688, overnight range 1.3680-1.3730, close 1.3726, WTI 65.04, Gold 3340.80 The Canadian dollar jumped aboard the sell-US dollar bandwagon with enthusiasm. The move […]
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