USD/CAD: BoC left key interest rate steady at 0.50%

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.77% against the CAD and closed at 1.3411. At its recent monetary policy meeting, the Bank of Canada (BoC) held the benchmark interest rate unchanged at 0.50%. Although … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canadian Dollar trading lower, ahead of BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.03% against the CAD and closed at 1.3515. In economic news, wholesales sales rose less than expected by 0.9% in March, compared to a revised gain of 0.3% … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canadian Dollar trading higher in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CAD and closed at 1.3519. In the Asian session, at GMT0300, the pair is trading at 1.3485, with the USD trading 0.25% lower from yesterday’s … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canada’s annual inflation remained steady in April

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.7% against the CAD and closed at 1.3515 on Friday. Macroeconomic data showed that Canada’s consumer price inflation rose less than expected 1.6% YoY in April, matching the … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading on a stronger footing, ahead of Canada’s inflation data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CAD and closed at 1.3610, following hawkish comments by the Cleveland Fed President regarding rate hikes. In the Asian session, at GMT0300, the pair is … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading on a weaker footing this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CAD and closed at 1.3584. On the data front, Canada’s manufacturing shipments rebounded 1.0% on a monthly basis in March, falling short of market expectations … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading higher in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD and closed at 1.3609. In the Asian session, at GMT0300, the pair is trading at 1.3603, with the USD trading marginally lower against the … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canada’s existing home sales eased in April

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.55% against the CAD and closed at 1.3629. Macroeconomic data showed that Canada’s existing home sales slid 1.7% on a monthly basis in April, following a rise of … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading higher this morning, ahead of Canada’s existing home sales data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD slightly rose against the CAD and closed at 1.3709 on Friday. On the data front, Canada’s Teranet/National Bank house price index rose 1.2% in April, following a gain of … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canada’s new house price index climbed in March

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.2% against the CAD and closed at 1.3703. On the macro front, Canada’s new housing price index registered a rise of 0.2% on a monthly basis in March, … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie reverses its gains in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CAD and closed at 1.3676. In the Asian session, at GMT0300, the pair is trading at 1.3726, with the USD trading 0.37% higher against the … Continue reading

Posted in USD/CAD | Comments Off