USD/CAD: Loonie trading tad lower this morning, following yesterday’s rise

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.1085. The Canadian Dollar advanced against the US Dollar as a rise in the prices of crude oil, Canada’s biggest export, … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canadian economy to grow 2.25% in 2014: IMF

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD to close at 1.1109, as traders reduced their positions in the greenback following the release of a disappointing manufacturing PMI data from the US. … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canadian GDP rose in line with market expectations

USDCAD Movement On Friday, the USD declined 0.34% against the CAD to close at 1.1120. The Canadian Dollar advanced against its US counterpart after an official data revealed that Canada’s gross domestic product (GDP) rose 0.2% (MoM) in November, in-line … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Trading above its MAs

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.1158. Economic reports out yesterday showed that the gross domestic product in the US rose 1.3% (QoQ) in the fourth quarter … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Greenback rose on Fed’s decision to further taper asset purchases

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 1.1183, after the Federal Reserve officials unanimously agreed to cut further the stimulus program to $65 billion. The central bank left … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading tad higher in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 1.1146. The US Dollar edged higher after inspiring US consumer confidence data released yesterday. However, a separate report indicated that the … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading just above its MA’s

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.48% against the CAD to close at 1.1116. The US Dollar continued its upward trend, despite data indicating that the sales of new US homes dropped more than … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canadian inflation hits five-month high, however short of market expectations

USDCAD Movement On Friday, the USD declined 0.39% against the CAD to close at 1.1070. The Canadian Dollar rose after the data revealed that the Canadian inflation gained traction in December. The Statistics Canada indicated that the consumer price index … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading marginally lower, ahead of domestic consumer inflation report

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD to close at 1.1113. On the economic front, retails sales in Canada rose 0.6% (MoM) in November, surpassing analysts’ call for a rise of … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: BoC maintains its benchmark interest rate at 1.0%

For the 24 hours to 23:00 GMT, the USD rose 1.20% against the CAD to close at 1.1104. The Canadian Dollar declined against its US counterpart, the most in four years, after the Bank of Canada (BoC) kept its benchmark … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Loonie trading marginally higher ahead of BoC interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 1.0971. In economic news, the Statistics Canada reported that the nation’s manufacturing shipments rose 1.0% (MoM) in November, more than market … Continue reading

Posted in USD/CAD | Comments Off