USD/CAD: Canada’s GDP surpasses market expectations for July

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CAD to close at 1.0325, as investors overlooked an upbeat growth in Canada’s gross domestic product (GDP) amid ongoing US budget talks. The data showed … Continue reading

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USD/CAD: Loonie trading marginally lower ahead of domestic GDP data

USDCAD Movement On Friday, the USD declined 0.11% against the CAD to close at 1.0301, as looming US budget concerns weighed on the demand prospect of the greenback. In the Asian session, at GMT0300, the pair is trading at 1.0305, … Continue reading

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USD/CAD: Loonie showing convergence with its MA’s

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CAD to close at 1.0312. In the Asian session, at GMT0300, the pair is trading at 1.0318, with the USD trading 0.06% higher from yesterday’s … Continue reading

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USD/CAD: Loonie trading lower amid lack of domestic economic data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.0322. The Canadian Dollar came under pressure as prices of crude oil, the nation’s biggest export, declined for a second day. … Continue reading

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USD/CAD: Loonie declined tracking a drop in oil prices, reverses its direction 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 1.0309. The demand for the Canadian Dollar came under pressure after the prices of the nation’s biggest export, crude oil declined … Continue reading

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USD/CAD: Loonie trading flat against the USD ahead of domestic retail sales data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD to close at 1.0287. In the Asian session, at GMT0300, the pair is trading at 1.0287, with the USD trading flat from yesterday’s close. … Continue reading

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USD/CAD: With soft August inflation data, no rate-hike pressure for Bank of Canada

USDCAD Movement On Friday, the USD rose 0.25% against the CAD to close at 1.0294, following fresh speculation that the Fed might begin tapering in October. In Canada, an official report showed that the nation’s consumer price index stood at … Continue reading

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USD/CAD: Loonie trading lower ahead of domestic consumer inflation data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CAD to close at 1.0269. The Loonie declined against the greenback as traders mulled whether the recent gains in the currency, following Fed’s stimulus decision, … Continue reading

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USD/CAD: BoC’s Chief does not see a housing bubble in the nation’s housing market

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.72% against the CAD to close at 1.0223, as Fed’s decision to refrain from tapering its asset-purchase programme, fuelled negative sentiment for the US Dollar. Meanwhile, the Bank … Continue reading

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USD/CAD: Loonie reverses its direction in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CAD to close at 1.0298. The Loonie advanced against the greenback as investors reacted positively to an upbeat domestic manufacturing shipment data, which rose at … Continue reading

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USD/CAD: Canada’s home sales rose in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD to close at 1.0321, as investors’ appetite for risk taking reduced ahead of Fed’s policy decision, due on Wednesday. Meanwhile, in Canada, a report … Continue reading

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