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USD/CAD is almost unchanged on Thursday, as the pair trades at 1.3370. In the US, there are two key releases on the schedule – core durable goods orders and unemployment claims. There are no...
The Canadian dollar is slightly higher versus the U.S. dollar after comments from Stephen Poloz were retracted yesterday afternoon. The idea that the Bank of Canada (BoC) would stand pat for a year...
USD/CAD has posted slight losses on Wednesday, as the pair trades at 1.3080. On the release front, the Bank of Canada will set its benchmark interest rate and release a rate statement. As well, BoC...
The Canadian dollar traded in a tight range as the market was ready to dig into the minutes from the September Federal Open Market Committee (FOMC) meeting. The loonie ended flat against the greenback...
The Canadian dollar rose after the release of the weekly U.S. crude oil inventories. Figures from the Energy Information Administration (EIA) showed a drawdown of 3 million barrels. The fall in weekly...
The Canadian dollar fell slightly versus the U.S. dollar on Tuesday as the the oil price rally lost momentum and other commodities dropped after hawkish comments from Fed member Jeffery Lacker. The...
Super Wednesday turned out to be not so super after all, for the Bank of Japan (BOJ) and the U.S. Federal Reserve. The market’s trust in central banks is low, as policy makers are running out of...
The Canadian dollar has edged upwards on Tuesday, as USD/CAD trades at 1.3220. On the release front, it’s another quiet day. The US will release Building Permits and Housing Starts, with the...
The Canadian dollar has posted gains to start off the week, erasing the losses which marked the Friday session. Early in the North American session, USD/CAD is trading at 1.3160. On the release front,...
The Canadian currency is lower against the U.S. dollar after the International Energy Agency downgraded their crude demand forecast a day after the Organization of the Petroleum Exporting Countries...
A number of formations on the longer term charts are pointing to a higher NZD as the USD melts away post a very poor ISM last night.For those of you who don’t know, the Kiwi is the national bird...
Resource based economy is slowing down but not enough for central bank to act.The Bank of Canada (BoC) will release its rate statement at 10:00 am EDT on Wednesday, September 7. The Canadian central...
The Canadian dollar touched a three week low versus the U.S. dollar on Wednesday as oil inventories surprised with a larger buildup in America and Canadian data disappointed. The economy shrank at an...
The Canadian dollar depreciated versus its U.S. counterpart on Tuesday. The probability of a U.S. Federal Reserve interest rate hike in September has kept the USD rally going as it heads into the...
The Canadian dollar benefited from stronger oil prices that rebounded after the U.S. inventories of gasoline surprised with a higher than expected drawdown. There are still concerns as that same...
The Canadian dollar started the trading week on the wrong foot after oil futures dropped with the prospect of further drilling in the U.S. to add to the already oversupplied market. With few economic...
The Canadian dollar was lower versus its American counterpart on Tuesday ahead of the American Petroleum Institute weekly report on crude inventories. Oil prices have been softer since inventories...