USD/CAD: USD tumbles against CAD after Fed announces easing plan

For the 24 hours to 23:00 GMT, USD declined 0.76% against the CAD to close at 0.9686, after the Federal Reserve announced a third round of stimulus measures to boost economic growth in the US. In Canada, new housing price … Continue reading

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USD/CAD: Trading flat from yesterday’s close

For the 24 hours to 23:00 GMT, USD rose 0.26% against the CAD to close at 0.9760. In the Asian session, at GMT0300, the pair is trading at 0.9758, with the USD trading flat from yesterday’s close. The pair is … Continue reading

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USD/CAD: Loonie continues its gain in the Asian session

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9735. In Canada, housing starts, on a seasonally adjusted annualized rate, rose to 224,900 units in August, well above the 200,000 average forecast. However, … Continue reading

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USD/CAD: Loonie marginally higher ahead of Canadian merchandise trade data

For the 24 hours to 23:00 GMT, USD declined 0.14% against the CAD to close at 0.9769. In the Asian session, at GMT0300, the pair is trading at 0.9767, with the USD trading marginally lower from yesterday’s close. The pair … Continue reading

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USD/CAD: Trading flat from Friday’s close

For the 24 hours to 23:00 GMT on Friday, USD declined 0.52% against the CAD to close at 0.9782. In Canada, the Ivey Purchasing Managers Index (PMI) on a seasonally adjusted number dropped less-than-expected to 62.5 in August, from 62.8 … Continue reading

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USD/CAD: Lonnie higher ahead of Canadian unemployment rate

For the 24 hours to 23:00 GMT, USD declined 0.76% against the CAD to close at 0.9833. The Loonie rose as risk appetite increased among investors, after the European Central Bank (ECB) announced its bond buying plan and following better-than-expected … Continue reading

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USD/CAD: BoC holds interest rate steady at 1.0%

For the 24 hours to 23:00 GMT, USD rose 0.43% against the CAD to close at 0.9908. Yesterday, the Bank of Canada (BoC) kept its overnight rate unchanged at 1.00% in September, in line with market expectations. The bank stated … Continue reading

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

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD to close at 0.9866. In the US, the Institute for Supply Management (ISM) index of national factory activity fell to 49.6 in August, making it the third … Continue reading

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USD/CAD: Loonie marginally higher in the Asian session

For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9862. In the Asian session, at GMT0300, the pair is trading at 0.9857, with the USD trading 0.05% lower from yesterday’s close. The pair … Continue reading

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USD/CAD: Canadian GDP grew 1.8% in Q2

For the 24 hours to 23:00 GMT on Friday, USD declined 0.66% against the CAD to close at 0.9858. In Canada, annualized gross domestic product rose 1.8% (QoQ) in the second quarter of 2012 against the market expectation for a … Continue reading

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USD/CAD: Canada 2Q current account deficit widens to highest level in 2 years; investors awaits GDP data in Canada

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD to close at 0.9923. In Canada, current account deficit on a seasonally adjusted basis rose to C$16.0 billion in the second quarter of 2012, compared to the … Continue reading

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