USD/CAD: Canadian Dollar trades lower ahead of heavy slate of economic data

For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.0262, as markets looked to a raft of US and Canadian economic data set to release this week. In the Asian session, at … Continue reading

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USD/CAD: Loonie continues to trade higher against the USD

On Friday, the USD declined marginally against the CAD to close at 1.0284. In the Asian session, at GMT0300, the pair is trading at 1.0269, with the USD trading 0.15% lower from Friday’s close. The pair is expected to find … Continue reading

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USD/CAD: Greenback dropped before Fed’s meeting next week

  For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CAD to close at 1.0287, amid continued expectations that Fed’s monetary policy would remain accommodative at next week’s meeting, following the release of disappointing initial jobless … Continue reading

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USD/CAD: Greenback backpedals in the Asian session after rising on positive US data

For the 24 hours to 23:00 GMT, the USD advanced 0.25% against the CAD to close at 1.0319, as bullish housing and manufacturing data from the US boosted the outlook for the world’s largest economy. In the Asian session, at … Continue reading

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USD/CAD: Canadian retail sales top market forecasts

  For the 24 hours to 23:00 GMT, the USD fell 0.45% against the CAD to close at 1.0292. The Canadian Dollar rallied against the US Dollar, after economic data showed that retail sales in Canada increased at the fastest … Continue reading

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USD/CAD: Greenback declined on soft US housing data

  For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD to close at 1.0339, as weaker-than-expected US home sales numbers weighed on the greenback. In the Asian session, at GMT0300, the pair is trading at … Continue reading

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USD/CAD: Canadian consumer price inflation rose in line with market expectations in June

  On Friday, the USD declined 0.12% against the CAD to close at 1.0368. The Canadian Dollar rose after the consumer price index (CPI) in Canada increased 1.2% annually in June, in line with the market expectations. Moreover, its core … Continue reading

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USD/CAD: Loonie advanced as an upbeat wholesales sales data signalled faster economic growth

  For the 24 hours to 23:00 GMT, the USD declined 0.26% against the CAD to close at 1.0378. The Canadian Dollar advanced, drawing strength from reports which showed that wholesale sales in Canada rose at the fastest pace in … Continue reading

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USD/CAD: CAD dropped over dovish comments by the BoC new Governor, continues to trade lower this morning

  For the 24 hours to 23:00 GMT, the USD traded higher by 0.24% against the CAD to close at 1.0405. The Loonie recorded losses, after the Bank of Canada’s (BoC) new Governor, Stephen Poloz, ruled out the possibility for … Continue reading

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USD/CAD: CAD trading tad lower ahead of BoC rate decision

For the 24 hours to 23:00 GMT, the USD fell 0.56% against the CAD to close at 1.0380, before the Federal Reserve Chairman, Ben Bernanke, testifies to Congress later today. Economic data showed that manufacturing shipments in Canada rose 0.7% … Continue reading

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USD/CAD: USD tad lower against CAD this morning

For the 24 hours to 23:00 GMT, the USD ticked up 0.47% against the CAD to close at 1.0439, as drop in oil prices pressurized commodity sensitive, CAD. In economic news, existing home sales in Canada rose 3.3% (MoM) in … Continue reading

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