USD/CAD: Pair showing convergence with its MA’s

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD, on Friday, to close at 0.9866. In the US, the retail sales increased 0.5% (M-o-M) in July, following 0.3% growth in June. In the Asian session at … Continue reading

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USD/CAD: Canadian dollar a tad lower, this morning

For the 24 hours to 23:00 GMT, USD fell 0.78% against the CAD to close at 0.9860. Canadian dollar gained amid higher oil prices and as equity markets rebounded. In Canada, the trade deficit widened to C$1.6 billion in June, … Continue reading

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USD/CAD: Canadian dollar weakens as economy, rate outlook weigh, trading higher this morning

For the 24 hours to 23:00 GMT, USD rose 1.39% against the CAD to close at 0.9938. The Canadian dollar weakened against the greenback on Wednesday, hurt by concern over a global economic slump, Europe’s debt woes and the prospect … Continue reading

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USD/CAD: Canadian dollar trading tad lower this morning

For the 24 hours to 23:00 GMT, USD declined 1.17% against the CAD to close at 0.9802, after the US Federal Reserve indicated that it would maintain its hefty monetary policy stimulus for another two years. In Canada, the Canada … Continue reading

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USD/CAD: Canadian Dollar continues to fall

For the 24 hours to 23:00 GMT, USD rose 0.96% against the CAD to close at 0.9918. The Canadian dollar slipped to a six-week low yesterday as concerns of a global slowdown, brought on by S&P downgrading the US, dented … Continue reading

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USD/CAD: Trading flat, after Friday’s rise

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD, on Friday, to close at 0.9812. In the US, the non-farm payroll employment increased by 117,000 jobs in July, following an upwardly revised increase of 46,000 jobs … Continue reading

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USD/CAD: Pair trading above its MA’s

For the 24 hours to 23:00 GMT, USD rose 2.06% against the CAD to close at 0.9808. In the Asian session at 3:00GMT, the pair is trading at 0.9780, 0.29% lower from yesterday’s close at 23:00 GMT. The first area … Continue reading

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USD/CAD: Loonie trading above its MA’s

For the 24 hours to 23:00 GMT, USD declined marginally against the CAD to close at 0.9610. In the US, the non-manufacturing index dropped to a reading of 52.7 in July, following a reading of 53.3 in June. Additionally, for … Continue reading

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USD/CAD: Loonie fell on risk aversion, trading flat in this morning

For the 24 hours to 23:00 GMT, USD rose 0.64% against the CAD to close at 0.9616, as fears over the slowdown in the US economic recovery diminished appeal for high-yielding assets. On a monthly basis, the personal income in … Continue reading

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USD/CAD: Trading flat this morning

For the 24 hours to 23:00 GMT, USD rose 0.19% against the CAD to close at 0.9555. Loonie weakened on concern that the US economy, the main destination for Canadian exports, is losing momentum amid downbeat manufacturing data. In the … Continue reading

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USD/CAD: Loonie trading well below its MA’s

For the 24 hours to 23:00 GMT, USD rose 0.55% against the CAD, on Friday, to close at 0.9547, after the economic report showed that the Canada’s gross domestic product contracted in May. In Canada, the gross domestic product decreased 0.3% … Continue reading

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