Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
ECB on hold, while Fed is in rate cutting mode US inflation expected to rise US dollar recoups some losses USDCAD open 1.3840 overnight range 1.3831-1.3849, close, 1.3834, WTI 62.59, Gold 3646.53 The Canadian dollar moved back from the brink yesterday and traded sideways overnight. The Loonie is suffering because of a weak domestic […]
US employment picture in focus today Fed policy makers reiterate dovish comments US dollar opens higher vs majors compared to yesterdays close USDCAD open 1.3820, overnight range 1.3792-1.3826, close, 1.3793, WTI 63.25, Gold 3538.88 The Canadian dollar extended yesterdays losses as it slowly drifted lower overnight due to broad-based US dollar demand ahead of […]
US Treasury yields soar US ISM PMI data on tap US dollar catches a bid and rises across the board USDCAD open 1.3776, overnight range 1.3728-1.3784, Aug. 29 close, 1.3749, WTI 65.92, Gold 3476.35 The Canadian dollar traded defensively and remains under pressure due to a mix of broad US dollar demand and weak […]
Powell pivots and sounds dovish UK Markets closed today US dollar consolidating Friday’s losses USDCAD open 1.3832, overnight range 1.3821-1.3844, close 1.3829, WTI 63.97, Gold 3368.11 The Canadian dollar pulled back from the brink on Friday. The Loonie appeared ready to fall off a cliff until Fed Chair Powell abandoned his hawkish stance at […]
European leaders/Trump meeting ends on a positive note FOMC minutes due Wednesday US dollar opens rises gently in uninspired trading. USDCAD open 1.3820, overnight range 1.3797-1.3823, close 1.3803, WTI 62.07, Gold 3339.50 The Canadian dollar bounced around in a narrow range with price action tracking broad US dollar moves, against the majors. The meeting […]
Weak employment report continues to pressure Loonie China tariffs go in effect Tuesday-unless there is another extension US dollar opens mixed but little changed from Friday USDCAD open 1.3775, overnight range 1.3745-1.3779, close 1.3759, WTI 63.84, Gold 3353.52 The Canadian dollar is starting the week on the defensive although a lack of actionable data […]
BoC Business Outlook Survey ahead. Yen mostly ignores Japanese election results. US dollar inches lower in quiet trading. USDCAD open 1.3725, overnight range 1.3714-1.3735, close 1.3726, WTI 65.90, Gold 3366.32 The Canadian dollar is inching higher in quiet trading ahead of today’s release of the Bank of Canada Business Outlook Survey. The BoC incorporates […]
Expectations for Fed to cut rates in September drop. US PPI data on tap US dollar is consolidating yesterdays gains at the open. USDCAD open 1.3691, overnight range 1.3694-1.3709, close 1.3706, WTI 66.60, Gold 3363.09 The Canadian dollar took a hit after hotter-than-expected US inflation data yesterday encouraged traders to scale back bets on […]
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 […]
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 […]
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