USD/CAD: Canadian Dollar trading higher this morning

For the 24 hours to 23:00 GMT, USD rose 0.05% against the CAD to close at 1.0248. In Canada, Teranet/National Bank house price index rose 1.1% (MoM) in May, from a 0.8% increase in April. In the Asian session, at … Continue reading

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USD/CAD: Loonie continues its upward journey in the Asian session

For the 24 hours to 23:00 GMT, USD declined 0.44% against the CAD to close at 1.0243. In the Asian session, at GMT0300, the pair is trading at 1.0241, with the USD trading 0.02% lower from yesterday’s close. The pair … Continue reading

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USD/CAD: Loonie fell on risk aversion, cementing gains this morning

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD to close at 1.0288, amid risk aversion among investors following concern that a European Union (EU) summit this week would not lead to decisive measures to end … Continue reading

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USD/CAD: Loonie trading between its MA’s

For the 24 hours to 23:00 GMT on Friday, USD declined 0.38% against the CAD to close at 1.0248. On a seasonally adjusted monthly basis, the Consumer Price Index (CPI) in Canada dropped 0.1% in May, compared to a 0.4% … Continue reading

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USD/CAD: Canadian Dollar gaining strength ahead of consumer price data in Canada

For the 24 hours to 23:00 GMT, USD rose 0.91% against the CAD to close at 1.0287, amid risk aversion among investors following weak economic data from the US, Europe and China. The Loonie came under further pressure, as retail … Continue reading

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USD/CAD: Loonie down after dovish tone from Federal Reserve & amid falling oil prices

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 1.0194, as the Federal Reserve cut its estimate for US economic growth to 2.4% for 2012 down from earlier estimate of 2.9% growth. Moreover, … Continue reading

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USD/CAD: Loonie drifting slightly lower this morning

For the 24 hours to 23:00 GMT, USD declined 0.46% against the CAD to close at 1.0183. In Canada, wholesale sales rose more-than-expected by 1.5% (MoM) in April, surpassing the market expectation of 0.2% rise and 0.3% growth in the … Continue reading

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USD/CAD: Tumbling oil prices kept Loonie lower, trading flat this morning

For the 24 hours to 23:00 GMT, USD rose 0.23% against the CAD to close at 1.0230, after risk appetite faded as rising borrowing costs for Spain and Italy reignited speculation that European leaders are struggling to contain their debt … Continue reading

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USD/CAD: Loonie trading higher this morning on Greece results

For the 24 hours to 23:00 GMT on Friday, USD declined 0.12% against the CAD to close at 1.0220. In Canada, manufacturing shipments fell unexpectedly by 0.8% (MoM) in April , compared to the market expectation of a 0.2% rise. … Continue reading

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USD/CAD: CAD drifting lower this morning after yesterday’s rise

For the 24 hours to 23:00 GMT, USD declined 0.53% against the CAD to close at 1.0234. In Canada, new house prices rose less-than-expected in April, climbing 0.2% (MoM), following a 0.3% increase in March. Additionally, capacity utilization rate rose … Continue reading

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USD/CAD: Canadian Dollar cementing gains in the Asian session

For the 24 hours to 23:00 GMT, USD rose 0.34% against the CAD to close at 1.0289. In the Asian session, at GMT0300, the pair is trading at 1.0275, with the USD trading 0.13% lower from yesterday’s close. The pair … Continue reading

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