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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.25% against the CAD to close at 1.1630. In the Asian session, at GMT0400, the pair is trading at 1.1640, with the USD trading 0.09% higher from yesterday’s … Continue reading

Posted in USD/CAD | Comments Off

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.74% against the CAD to close at 1.1659, following upbeat economic releases in the US. In economic news, existing home sales in Canada remained unchanged on a monthly … Continue reading

Posted in USD/CAD | Comments Off

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

USDCAD Movement On Friday, the USD rose 0.41% against the CAD to close at 1.1571, after the release of upbeat consumer confidence in the US. In economic news, the National bank of Canada reported that the nation’s house price index … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading lower in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.41% against the CAD to close at 1.1524. Yesterday, data showed that Canada’s new housing price index rose 1.6% on an annual basis in October, compared to a … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie reverses its losses ahead of Canada’s new housing price index data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD gained 0.32% against the CAD to close at 1.1477. The CAD lost ground after the BoC Governor, Stephen Poloz warned that Canada’s overvalued housing market and household debt still … 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 0.32% against the CAD to close at 1.1441. In the Asian session, at GMT0400, the pair is trading at 1.1447, with the USD trading 0.06% higher from yesterday’s … Continue reading

Posted in USD/CAD | Comments Off

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CAD to close at 1.1478. In economic news, housing starts in Canada jumped to 195.6 K in November, posting its fastest rise in 7-months, compared … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading lower ahead of Canada’s housing permits data

USDCAD Movement On Friday, the USD rose 0.40% against the CAD to close at 1.1432, following positive non-farm payrolls data in the US. The CAD lost ground after Canada’s unemployment rate climbed to 6.6% in November, compared to a level … Continue reading

Posted in USD/CAD | Comments Off

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CAD to close at 1.1387. In economic news, Canada’s Ivey PMI advanced to a 2-month high reading of 56.9 in November, higher than market expectations … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: The BoC maintained its interest rate unchanged at 1.0%

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CAD to close at 1.1373. Yesterday, the BoC held its key interest rates unchanged at 1.0%, in line with market expectations. Additionally, the BoC Governor, … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading higher ahead of the BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.75% against the CAD to close at 1.1407. In the Asian session, at GMT0400, the pair is trading at 1.1395, with the USD trading 0.11% lower from yesterday’s … Continue reading

Posted in USD/CAD | Comments Off