USD/CAD: Canadian dollar pressured on current account deficit data, trading higher this morning

For the 24 hours to 23:00 GMT, the USD rose 0.10% against the CAD to close at 0.9930. The Canadian dollar weakened against the US dollar as current account deficit in Canada widened to C$18.91 billion in the Q3 FY2012, … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Canadian Dollar tad higher in the Asian session

  For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CAD to close at 0.9921. In the Asian session, at GMT0400, the pair is trading at 0.9922, with the USD trading marginally higher from yesterday’s close. … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: OECD forecasted a moderate growth for Canada

  For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 0.9944. Yesterday, the Organization for Economic Co-operation and Development, in its new global outlook, forecasted that Canada’s economy would log “moderate” growth … 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 declined marginally against the CAD to close at 0.9929. In the US, the Chicago Fed National Activity Index dropped to a reading of -0.56 in October, following a flat reading … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Canada consumer prices rose more-than-expected in October

  For the 24 hours to 23:00 GMT on Friday, the USD declined 0.50% against the CAD to close at 0.9927. In economic news, the Consumer Price index (CPI) in Canada rose 0.2% (MoM) in October, compared to the same … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Canadian retail sales rise in September

  For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CAD to close at 0.9977. On the economic front, Canada’s retail sales rose 0.1% (MoM) in September, from 0.3% in the previous month. In the Asian … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Canada Teranet/National Bank composite House Price Index fell in October

For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9960. On the economic front, the Teranet-National Bank National composite house price index in Canada declined 0.2% (MoM) in October, compared to a … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Canadian Dollar trading lower this morning

For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9967. In Canada, wholesale sales declined 1.4% (MoM) in September, compared to a downwardly revised 0.3% increase recorded in the previous month. In … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Canadian Dollar gains on stronger oil prices

  For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CAD to close at 0.9970, as hopes for progress on resolving the US fiscal cliff and rising crude oil prices boosted demand for the Canadian dollar. … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: Trading at Parity

  For the 24 hours to 23:00 GMT on Friday, the USD rose marginally against the CAD to close at 1.0012. However, losses in the Canadian dollar were capped, supported by a rise in oil prices. In the Asian session, … Continue reading

Posted in USD/CAD | Leave a comment

USD/CAD: US Dollar trading higher against the Canadian Dollar this morning

  For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CAD to close at 1.0007, as downbeat economic data in the US weighed on demand for the greenback. Additionally, a rise in Canada’s manufacturing sales supported … Continue reading

Posted in USD/CAD | Leave a comment