USD/CAD: Canadian economy registered its fastest growth in Q2 2014 since Q3 2011

USDCAD Movement On Friday, the USD rose 0.14% against the CAD to close at 1.0873. The Canadian economy grew by an annualized rate of 3.1% (Q-o-Q) in Q2 2014, beating consensus estimate for a rise of 2.7%. The Canadian GDP … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading on a higher footing this morning, ahead of Q2 GDP numbers

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CAD to close at 1.0858. In economic news, the current account deficit in Canada fell to CAD 11.9 billion in 2Q 2014, more than market … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie continues with its gains in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.80% against the CAD to close at 1.0865 In the Asian session, at GMT0300, the pair is trading at 1.0847, with the USD trading 0.17% lower from yesterday’s … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie extends its gains this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.35% against the CAD to close at 1.0953. In the Asian session, at GMT0300, the pair is trading at 1.0931, with the USD trading 0.2% lower from yesterday’s … 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 rose 0.21% against the CAD to close at 1.0991. The CAD extended its Friday session losses triggered by the release of dismal inflation data. The consumer prices in Canada … Continue reading

Posted in USD/CAD | Comments Off

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.0943. In the Asian session, at GMT0300, the pair is trading at 1.0938, with the USD trading marginally lower from yesterday’s … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading on a lower footing in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CAD to close at 1.0967. In economic news, June wholesale sales advanced 0.6% in Canada, on a monthly basis, beating market expectations for a rise … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie continues with its losses in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CAD to close at 1.0939. In the Asian session, at GMT0300, the pair is trading at 1.0946, with the USD trading 0.06% higher from yesterday’s … Continue reading

Posted in USD/CAD | Comments Off

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD traded marginally lower against the CAD to close at 1.0891. In economic news, foreign investors turned net seller of C$ 1.07 billion worth of Canadian securities in June, from … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie continues with its gain in the Asian session

USDCAD Movement On Friday, the USD declined 0.11% against the CAD to close at 1.0894, following upbeat labour data from Canada. The unemployment rate in Canada unexpectedly dropped to a level of 7.0% in July, lower than market estimations for … 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 0.06% against the CAD to close at 1.0906. On macro front, Canada’s new housing prices climbed for a consecutive seventh month, registering a 0.2% rise in June, on … Continue reading

Posted in USD/CAD | Comments Off