USD/CAD: Canadian dollar strengthens to a 40-month high as crude oil prices surges, trading flat this morning

For the 24 hours to 23:00 GMT, USD declined 0.41% against the CAD, on Friday to close at 0.9552. In Canada, the unemployment rate declined by 0.1% (M-o-M) to 7.7% in March. The Canadian economy lost 1,500 jobs in March, … Continue reading

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USD/CAD: Canadian dollar trading higher as crude oil price touched a 30-month high

For the 24 hours to 23:00 GMT, USD declined 0.09% against the CAD to close at 0.9591. CAD advanced as the country’s largest export, crude oil traded at a 30-month high, increasing demand for commodity-linked currencies. In economic news, the … Continue reading

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USD/CAD: Loonie trading between its MA’s

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9600. In Canada, the Ivey purchasing managers index jumped to 73.2, the highest level in over three years, and compared to 70.8 in February. … Continue reading

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USD/CAD: Canadian dollar continues to trade higher

For the 24 hours to 23:00 GMT, USD declined 0.33% against the CAD to close at 0.9634. The Canadian dollar recorded gains against greenback, as investors continued to seek out the currency despite lower crude oil prices, as Libyan rebels … Continue reading

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USD/CAD: Canada dollar declines as crude oil slips from 30-month high

For the 24 hours to 23:00 GMT, USD rose 0.36% against the CAD to close at 0.9666. Canadian dollar snapped a five-day rally against greenback, as crude oil prices declined, damping demand for higher-yielding currencies. The Bank of Canada in … Continue reading

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USD/CAD: Loonie hits 3-year high on the US jobs data

On Friday, for the 24 hours to 23:00 GMT, USD declined 0.55% against the CAD to close at 0.9641. The US Labor Department reported that the nonfarm payrolls in the March climbed 216,000, higher than expected, while the nation’s unemployment … Continue reading

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USD/CAD: Canadian dollar advances amid surging oil prices, strong GDP data, trading flat this morning

For the 24 hours to 23:00 GMT, USD declined 0.21% against the CAD to close at 0.9694. In Canada, gross domestic product rose 0.5% in January, largely supported by manufacturing gains. Meanwhile, in the US, Labor Department reported that first-time … Continue reading

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USD/CAD: Canadian dollar climbs as investors chase commodity currencies, trading flat in Asian session

For the 24 hours to 23:00 GMT, USD declined 0.29% against the CAD to close at 0.9714. In Canada, on a monthly basis, the industrial product prices rose by 0.7% in February, following a 0.4% rise recorded in the previous … Continue reading

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USD/CAD: Loonie advances on higher oil prices, trading flat in Asian session

For the 24 hours to 23:00 GMT, USD declined 0.41% against the CAD to close at 0.9742. In the US, the S&P/Case-Shiller home price index fell at an annual rate of 3.1% in January, following a 2.4% drop recorded in … Continue reading

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USD/CAD: Loonie gains after Carney speech

For the 24 hours to 23:00 GMT, USD declined 0.32% against the CAD to close at 0.9782, following comments on the weekend by Bank of Canada governor, Mark Carney. He warned in a speech during the annual meeting of the … Continue reading

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USD/CAD: Trading flat this morning

For the 24 hours to 23:00 GMT, USD rose 0.48% against the CAD to close at 0.9807. In economic news, the number of Canadians getting regular Employment Insurance (EI) assistance declined by 13,300 in January to 640,200. Federal Reserve Bank … Continue reading

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