USD/CAD: Trading flat this morning

For the 24 hours to 23:00 GMT, USD declined 0.44% against the CAD to close at 0.9760. In the US, durable goods orders contracted by 0.9% (M-o-M) in February from 3.6% rise in January. Additionally, the orders for durable goods … Continue reading

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

For the 24 hours to 23:00 GMT, USD declined 0.07% against the CAD to close at 0.9803. In the US, new home sales dropped to an annual rate of 250,000 in February, compared to the figure of 301,000 in the … Continue reading

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USD/CAD: Trading flat this morning

For the 24 hours to 23:00 GMT, USD rose 0.20% against the CAD to close at 0.9810. US Treasury Secretary, Timothy Geithner informed policy makers and entrepreneurs that the US small businesses need greater access to capital to spur innovation. … Continue reading

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USD/CAD: Trading flat; Awaiting data on retail sales in Canada later today

For the 24 hours to 23:00 GMT, USD declined 0.53% against the CAD to close at 0.9790. In the US, Federal Reserve Bank of Chicago reported that its headline national activity index fell to -0.04 in February, following a reading … Continue reading

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

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD on Friday to close at 0.9839 . On an annual basis, the consumer price index (CPI) in Canada rose 2.2% in February, following a 2.3% increase posted … Continue reading

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USD/CAD: Beaver trading below its MA’s

For the 24 hours to 23:00 GMT, USD declined 0.72% against the CAD to close at 0.9854. In Canada, wholesale sales rose by 1.5% (M-o-M) to C$46.7 billion in January from upwardly revised 1.2% increase in December. Additionally, foreign investment … Continue reading

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USD/CAD: Pair trading above its MA’s

For the 24 hours to 23:00 GMT, USD rose 0.74% against the CAD to close at 0.9925. In Canada, manufacturing shipments rose by 4.5% (M-o-M) in January from 0.6% rise in December. In the US, current account deficit narrowed to … Continue reading

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USD/CAD: Trading flat in Asian session

For the 24 hours to 23:00 GMT, USD rose 1.13% against the CAD to close at 0.9852. In the US, The Federal Reserve left its benchmark rate unchanged in the range of 0.0% to 0.25% and maintained its plan to … Continue reading

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USD/CAD: USD erases losses as crude retreats after Japan quake; continue to trade higher this morning

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 0.9736. In Canada, capacity utilization rose to 76.4% in 4Q FY2010 compared to a 76.2% rate posted in 3Q FY2010. In the Asian session … Continue reading

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USD/CAD: USD higher this morning

For the 24 hours to 23:00 GMT, USD declined 0.33% against the CAD on Friday to close at 0.9719. In Canada, employment increased by 15100 in February compared to an increase of 69200 in January. Meanwhile, unemployment rate remained unchanged … Continue reading

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USD/CAD: CAD trading marginally higher this morning

For the 24 hours to 23:00 GMT, USD rose 0.70% against the CAD to close at 0.9751. In Canada, trade surplus fell to C$116.0 million in January, compared to a revised C$1.7 billion surplus in December. In the Asian session … Continue reading

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