USD/CAD: Loonie continues to trade lower

  For the 24 hours to 23:00 GMT, the USD advanced 0.30% against the CAD to close at 1.0346. In the US economic news, retail sales rose less than expected 0.2% in July and compared to revised rise of a … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Pair showing convergence with MA’s

  For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 1.0315. In the Asian session, at GMT0300, the pair is trading at 1.0307, with the USD trading modestly lower from yesterday’s close. … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Loonie trading lower in the Asian session

On Friday, the USD declined 0.51% against the CAD to close at 1.0277. The Canadian Dollar tumbled earlier after a domestic jobs data for July were short of market expectations, but rebounded in later trading in response to broader weakness … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Pair trading below its MA’s

  For the 24 hours to 23:00 GMT, the USD dropped 0.88% against the CAD to close at 1.0329. In Canada, the new house price index rose 0.2% (MoM) in June, compared to a 0.1% rise in the previous month. … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Loonie fell on poor domestic data

  For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CAD to close at 1.0421, on supportive comments by Fed official over early tapering of bond buying program. The Canadian Dollar came under pressure, following the … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: US Dollar found support over encouraging comments by the Fed member

  For the 24 hours to 23:00 GMT, the USD climbed 0.16% against the CAD to close at 1.0375, following comments by the Federal Reserve Bank of Chicago President, Charles Evans, that there has been good improvement in the labour … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Canadian Dollar continues its upward journey this morning

For the 24 hours to 23:00 GMT, the USD dropped 0.31% against the CAD to close at 1.0358. In the Asian session, at GMT0300, the pair is trading at 1.0355, with the USD trading slightly lower from yesterday’s close. The … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Pair trading above its MA’s

On Friday, the USD rose 0.40% against the CAD to close at 1.0390. In the Asian session, at GMT0300, the pair is trading at 1.0401, with the USD trading 0.11% higher from Friday’s close. The pair is expected to find … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Loonie trading higher in the Asian session

For the 24 hours to 23:00 GMT, the USD rose 0.63% against the CAD to close at 1.0349. In the Asian session, at GMT0300, the pair is trading at 1.0348, with the USD trading marginally lower from yesterday’s close. The … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: US Dollar fell as Fed gave no hint on timing of QE tapering

  For the 24 hours to 23:00 GMT, the USD fell 0.15% against the CAD to close at 1.0286, after the Federal Reserve did not provide clue on when they will start tapering its asset purchase program. In Canadian economic … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Loonie trading higher ahead of Canadian GDP data

For the 24 hours to 23:00 GMT, the USD strengthened 0.37% against the CAD to close at 1.0300, as investors await monetary policy statement and interest rate decision by the Federal Reserve. The CAD also came under pressure amid a … Continue reading

Posted in USD/CAD | Leave a comment