USD/CAD: Loonie trading lower ahead of Canadian unemployment report

For the 24 hours to 23:00 GMT, USD rose 0.48% against the CAD to close at 0.9960. There were no major economic releases in Canada yesterday. Meanwhile, in the US, Automatic Data Processing, Inc. (ADP) reported that private sector employment … Continue reading

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USD/CAD: Greenback continues to advance against the Canadian Dollar, as Fed signals no additional easing

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9912, after Fed signals no need for more easing unless growth falters. The minutes of the 13th March FOMC meeting suggested that a couple … Continue reading

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USD/CAD: Loonie climbs on positive US manufacturing data

For the 24 hours to 23:00 GMT, USD declined 0.50% against the CAD to close at 0.9904. The Canadian Dollar advanced against USD, on an improved outlook for the country’s exports after a report showed US manufacturing expanded at a … Continue reading

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USD/CAD: Loonie firms on higher risk appetite

For the 24 hours to 23:00 GMT, USD declined 0.13% against the CAD to close at 0.9953. The Canadian Dollar rose after upbeat US economic data and speculation that the Euro-zone debt crisis may be easing lifted demand for higher-risk … Continue reading

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USD/CAD: Loonie trading higher this morning, Canada’s GDP data awaited today

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD to close at 0.9967. The Organization for Economic Cooperation and Development (OECD) has urged that the Bank of Canada should maintain an accommodative monetary policy to offset … Continue reading

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USD/CAD: Hovering near Parity

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CAD to close at 0.9982. The Canadian dollar fell on the reports that the durable goods demand in the US, its biggest trading, rose less-than-expected in January. Decline … Continue reading

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USD/CAD: Loonie down on risk aversion

For the 24 hours to 23:00 GMT, USD rose 0.43% against the CAD to close at 0.9957, as risk aversion increased among the investors following downbeat US economic data. In the Asian session, at GMT0300, the pair is trading at … Continue reading

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USD/CAD: Canadian Dollar rallied as Ben Bernanke stirs fresh QE3, drifting lower this morning

For the 24 hours to 23:00 GMT, USD declined 0.56% against the CAD to close at 0.9913, fueled by the prospect of continued accommodative policy from the Federal Reserve and renewed hopes for a larger Euro-zone bailout fund. In the … Continue reading

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USD/CAD: Canadian Dollar extends its gains in the Asian session

For the 24 hours to 23:00 GMT, USD declined 0.11% against the CAD to close at 0.9983. On the economic news, Consumer Price Index in Canada rose to 2.6% (YoY) in February, following an increase of 2.5% in January. Meanwhile, … Continue reading

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USD/CAD: Canadian Dollar declines to parity amid global growth concerns

For the 24 hours to 23:00 GMT, USD rose 0.70% against the CAD to close at 0.9994, as weak manufacturing data in Euro-zone and China rekindled concerns over global growth and reduced the appetite for higher-yielding assets. Additionally, less-than-expected rise … Continue reading

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USD/CAD: Loonie trading lower this morning, awaits Canadian retail sales data later today

For the 24 hours to 23:00 GMT, USD rose 0.12% against the CAD to close at 0.9924. On the economic front, Canadian composite leading index rose for eight consecutive months by 0.6% in February, following a 0.4% gain in January. … Continue reading

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