Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
US markets closed for Juneteenth Bank of England leaves rates unchanged, Swiss National Bank cuts US dollar opens with gains USDCAD: open 1.3715, overnight range 1.3686-1.3730, close 1.3696, WTI 73.64, Gold 3369.51 The Canadian dollar drifted lower overnight as bearish momentum carried over from yesterday’s post-FOMC move. The Fed’s tone added fuel to the […]
Global risk sentiment sours Tame US CPI boosts Fed rate cut hopes US dollar sinks on renewed risk aversion USDCAD: open 1.3648, overnight range 1.3643-1.3676, close 1.3673, WTI 67.16, Gold 3366.64 The Canadian dollar eked out small gains overnight due to a fresh bout of risk aversion washing over markets. That led to US […]
Many European markets closed China/US talking trade in UK US dollar trading lower in holiday thinned trading USDCAD: open 1.3674, overnight range 1.3670-1.3700, close 1.3699, WTI 64.71, Gold 3318.64 The Canadian dollar drifted in a quiet European session as most major European centers were closed for Whitmonday holidays. The Canadian dollar weakened after the […]
Xi Jinping and Trump have a phone call Canada and US employment reports on tap US dollar opens with small gains from Thursday close. USDCAD open 1.3678, overnight range 1.3661-1.3687, close 1.3676, WTI 63.22, Gold 3357.26 The Canadian dollar traded sideways overnight in an uneventful session ahead of the US and Canadian employment […]
FOMC minutes unlikely to offer fresh insight. RBNZ cuts rates by 25 bps to 3.25%-more cuts ahead. US dollar opens mixed in uninspired trading. USDCAD: open 1.3825, overnight range 1.3802-1.3839, close 1.3813, WTI 61.30, Gold 3324.23 The Canadian dollar fell yesterday then consolidated the losses overnight. The catalyst for the sell-off was stronger-than-expected U.S. […]
Equities Rally on Japan’s bond plans US Durable Goods Orders data on tap. US rallies across the board on lower Treasury yields. USDCAD: open 1.3761, overnight range 1.3722.1.3769, close 1.3737, WTI 61.67, Gold 3298.30 The Canadian dollar rally stalled overnight after Japan’s Ministry of Finance’s hint of a long-bond issuance tweak sparked renewed demand […]
US and UK markets are closed on Monday Canada Retail Sales data for March on tap-forecast 0.7% m/m (vs -0.4% previously) US dollar extends losses in pre-long weekend trading. USDCAD: open 1.3805, overnight range 1.3804-1.3866, close 1.3858, WTI 61.16, Gold 3328.83 The Canadian dollar is attempting to extend this week’s gains as traders focus […]
US Treasury Secretary agrees yen is fairly valued. Global equities extend losses-S&P 500 futures in positive territory. US dollar is consolidating yesterday’s losses USDCAD: open 1.3881, overnight range 1.3846-1.3885, close 1.3860, WTI 60.64, Gold 3306.67 The Canadian dollar is consolidating yesterday’s losses. Prices bounced off of resistance yesterday, but the intraday and short-term technical trends […]
Traders wary of G-7 Finance Minister comments on currencies. UK inflation rises more than expected-tax hikes blamed. US dollar continues to slide. USDCAD: open 1.3888, overnight range 1.3868-1.3922, close 1.3918, WTI 62.85, Gold 3313.59 The Canadian dollar extended yesterday’s gain overnight due to renewed widespread US dollar selling pressures. Yesterday’s rally began after Statistics Canada […]
US Michigan Consumer Sentiment ahead. US dollar remains on the defensive after soft data yesterday. USDCAD: open 1.3962, overnight range 1.3935-1.3969, close 1.3960, WTI 61.60, Gold 3209.40 The Canadian dollar is directionless and stuck inside yesterday’s range with direction determined by broad-US dollar moves vs the major currencies. However, the upside remains limited as long […]
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