USD/CAD: Loonie trading tad higher, ahead of Canada’s February consumer price inflation data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.05% against the CAD to close at 1.2988. In economic news, Canadian wholesale sales remained flat on a monthly basis in January, compared to a revised advance of … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.69% against the CAD to close at 1.3126. In economic news, Canadian manufacturing shipments advanced more-than-expected by 2.3% MoM in January, compared to investor expectations for a rise … Continue reading

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USD/CAD: Loonie trading on a weaker footing in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.64% against the CAD to close at 1.3352. On the economic front, existing home sales in Canada advanced 0.8% MoM in February, following a rise of 0.5% in … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CAD to close at 1.3267. In economic news, Canada’s Teranet/National Bank house price index advanced by 0.6% MoM in February, compared to a 0.1% decline … Continue reading

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USD/CAD: Canadian unemployment rate ticked higher in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.90% against the CAD to close at 1.3223. In economic news, Canada’s unemployment rate unexpectedly rose to a three-year high level of 7.3% in February, compared to investor … Continue reading

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USD/CAD: Loonie trading higher, ahead of Canada’s unemployment rate data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.74% against the CAD to close at 1.3343. In economic news, Canada’s new housing price index rose less-than-expected by 0.1% MoM in January, compared to market expectations for … Continue reading

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USD/CAD: BoC held key interest rate steady at 0.5%

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.33% against the CAD to close at 1.3246. The Canadian dollar gained ground, after the Bank of Canada (BoC) kept benchmark interest rate steady at 0.5%, as widely … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.99% against the CAD and closed at 1.3424. On the economic front, Canada’s housing starts rose to a level of 212.6K in February, compared to a revised reading … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.3% against the CAD and closed at 1.3292. In the Asian session, at GMT0400, the pair is trading at 1.3326, with the USD trading 0.25% higher from yesterday’s … Continue reading

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USD/CAD: Canada’s Ivey PMI declined in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.6% against the CAD and closed at 1.3334. In economic news, Canada’s seasonally adjusted Ivey purchasing managers index fell to a level of 53.4 in February, worse than … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.12% against the CAD and closed at 1.3415. In the Asian session, at GMT0400, the pair is trading at 1.3420, with the USD trading marginally higher from yesterday’s … Continue reading

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