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

For the 24 hours to 23:00 GMT on Friday, USD declined 0.53% against the CAD to close at 1.0045. In the US, Gross Domestic Product (GDP) expanded to an annual rate of 1.5% in the second quarter of 2012, the … Continue reading

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USD/CAD: Canadian Dollar higher as risk aversion abated

For the 24 hours to 23:00 GMT, USD declined 0.56% against the CAD to close at 1.0099, as risk aversion among investors eased after ECB President, Mario Draghi vowed that the central bank would do everything in its power to … Continue reading

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USD/CAD: Loonie continues its rally this morning

For the 24 hours to 23:00 GMT, USD declined 0.61% against the CAD to close at 1.0156. In Canada, Teranet/National Bank house prices rose 1.2% (MoM) in June, following a 1.1% rise in May. In the Asian session, at GMT0300, … Continue reading

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USD/CAD: CAD down as Euro-zone debt crisis weighs on risk-taking

For the 24 hours to 23:00 GMT, USD rose 0.32% against the CAD to close at 1.0218, as concerns that Euro-zone debt crisis is worsening curbed demand for riskier assets. In Canada, retail sales rose 0.3% (MoM) in May, compared … Continue reading

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USD/CAD: Loonie trading flat ahead of Canadian retail sales data

For the 24 hours to 23:00 GMT, USD rose 0.45% against the CAD to close at 1.0185. In the US, Federal Reserve Bank of Chicago stated that its monthly National Activity Index rose to a reading of -0.15 in June, … Continue reading

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USD/CAD: CAD down as risk aversion sends high yielding currencies south

For the 24 hours to 23:00 GMT on Friday, USD rose 0.45% against the CAD to close at 1.0124, as concerns that Europe’s debt crisis is worsening, reduced demand for higher-yielding assets. In economic news, on a seasonally adjusted basis, … Continue reading

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USD/CAD: Sharp rally in Oil prices pushed Loonie higher

For the 24 hours to 23:00 GMT, USD declined 0.22% against the CAD to close at1.0079. Yesterday, the Canadian Dollar received support amid surprise rise in crude oil prices, Canada’s biggest export. Moreover, wholesale sales in Canada rose 0.9% (MoM) … Continue reading

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USD/CAD: BoC downgrades economic forecast

For the 24 hours to 23:00 GMT, USD declined 0.25% against the CAD to close at 1.0101. Yesterday, the Bank of Canada (BoC) in its Monthly Policy Report (MPR) revised its Canadian economic growth forecast to 2.1% this year and … Continue reading

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USD/CAD: Bank of Canada leaves rates unchanged

For the 24 hours to 23:00 GMT, USD declined 0.25 % against the CAD to close at 1.0126. The Canadian Dollar received support against the US Dollar after Bank of Canada policy makers signaled interest-rate increases remain possible even as … Continue reading

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USD/CAD: BoC rate decision awaited

For the 24 hours to 23:00 GMT, USD rose 0.10% against the CAD to close at 1.0151. In Canada, existing home sales fell 1.3% (MoM) in June, making it the second monthly decline. In the Asian session, at GMT0300, the … Continue reading

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USD/CAD: Witnessing flat trading in the Asian session

For the 24 hours to 23:00 GMT on Friday, USD declined 0.40% against the CAD to close at 1.0148. In the Asian session, at GMT0300, the pair is trading at 1.0148, with the USD trading flat from Friday’s close. The … Continue reading

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