Monex

CAD USDCAD saw another leg higher on Monday, in line with broad dollar moves, but with the loonie continuing to outperform on crosses. A blank Canadian calendar of events is likely to keep the pair...

CAD Similar to other high beta G10 currencies, the loonie has found itself caught up in this morning’s FX moves, with USDCAD up 0.25%. That said, with market-implied odds pricing a 60% risk that the...

CAD Canadian GDP, set for release at 13:30 GMT, should offer something to keep loonie traders busy at the end of another wise quiet week. Even so, the release has arguably been overshadowed by recent...

CAD The loonie underperformed the broad dollar rout on Wednesday, gaining just 0.2% versus the greenback. Indeed, despite only modest losses on the day, USDCAD remains above the 1.40 level, a...

CAD The loonie remains one of the more interesting currencies to keep an eye on at present, not least when considering recent political developments. As we have noted previously, we think that Trump...

CAD Given the overnight comments from Trump, USDCAD is naturally one of the major movers this morning. The pair is currently trading up around 1%, with loonie weakness proving stickier than the...

CAD USDCAD drifted lower during the Asian session on Monday. The weakening of USD and lower US Treasury bond yields after President-elect Donald Trump said he will nominate Scott Bessent as US...

CAD In confirmation that our longstanding concerns around Canadian growth are seemingly shared by policymakers, yesterday saw PM Trudeau announce a C$6.3bn fiscal package aimed at supporting consumer...

CAD Industrial production data, published today, and retail sales tomorrow, are the two Canadian releases of note before the weekend. Even so, neither should prove hugely consequential for the loonie...

CAD Despite our expectations, yesterday’s Canadian CPI print managed to surprise to the upside. While the headline beat was marginal, the fact that core-median and core-trim inflation rose by more...

CAD Given the light data calendar elsewhere, the major focus for today should be Canadian CPI. Markets expect a 2.0% YoY headline reading, with both core-median and core-trim a little higher at 2.4%....

CAD Arguably the most interesting release of the week in our eyes – Canadian CPI data – is set for release tomorrow. Markets expect to see a rebound in headline inflation, with both core-median and...

CAD Out of all G10 currencies, the loonie has perhaps been the most interesting to us post-US elections. Market inclination to trade the loonie as a greenback-lite expression has kept USDCAD price...

CAD The greenback’s mid-week surge saw USDCAD finally pierce the 1.40 level which had looked to be a major resistance for the pair. This meant that the loonie was briefly left trading at lows last...

CAD The loonie continues to outperform post-election, with USDACD still shy of the 1.40 level. Indeed, market bias still appears to favour treating the loonie as a dollar-lite expression, rather than...

CAD After an initial post-election reaction that we felt was at odds with fundamentals, the subsequent USDCAD rally better reflects the risks facing the loonie in our view. Even so, a 0.7% climb for...