Monex

CAD Even with Chair Powell’s appearance in Jackson Hole likely to be the key driver for USDCAD ahead of the weekend, we suspect the loonie traders will also be keeping a close eye on domestic...

CAD While USDCAD took yet another leg lower yesterday, we see upside risks for the loonie building. Chief amongst these are the rail strikes that began in Canada overnight. This marks the first time...

CAD Yesterday’s CPI release had minimal impact on the loonie, and on BoC easing expectations, as expected. Price growth cooled to 2.5% YoY while underlying inflation measures also eased, checking...

CAD Today’s CPI release should be the major event of note for loonie traders, even as we doubt that it will do little to derail the odds of BoC easing next month. The Governing Council has already...

CAD The Canadian Dollar’s path to September’s interest rate decision will be made clearer this week. Notwithstanding the Canadian economy’s sensitivity to central bank policy across the border, the...

CAD The slow, choppy grind higher for USDCAD continued on Thursday, propelled largely by US retail sales data that exceeded expectations. Even so, a lack of top-tier releases should see minimal...

CAD USDCAD rose modestly on Wednesday after briefly threatening to consolidate below 1.37. Even so, we are still inclined to view the loonie as rich given the divergent economic realities playing out...

CAD With little on the radar domestically, US CPI will be the focus for loonie traders later today. As noted above, we expect to see a 0.2% MoM core inflation print, matching expectations, with Fed...

CAD Similar to the greenback, the loonie also saw a quiet start to the week. A lack of cross-asset price action and minimal domestic catalysts left USDCAD to drift through Monday trading, with little...

USD The dollar starts the week in a quiet fashion after a very volatile week which saw it break out of recent ranges against its main counterparts, notably the EUR and JPY. With a busy calendar...

CAD After some jitters to start the week, rebounding equities and an otherwise sparse data calendar have seen sustained loonie appreciation in advance of today’s jobs report. This afternoon’s data...

USD The US dollar was fairly flat during yesterday’s trading session as the summer holiday period is in full swing. The US dollar Index (DXY), which measures the value of the dollar against six other...

USD Treasuries slid as stocks rebounded and recouped Mondays losses as EURUSD closed the day down 0.3% from Tuesdays open. Vice-president Kamala Harris and her newly announced running mate Tim Walz...

CAD Having briefly spiked through 1.39 early morning, USDCAD traded lower on Monday in the wake of the broad dollar’s selloff. The key dynamic for the pair today, like much of the G10 FX complex, is...

CAD While Friday’s Canadian jobs report is the key domestic event of note, until then, cross-asset dynamics are likely to be in the driving seat for USDCAD. On this point, neither of the loonie’s two...

CAD US recession risks saw USDCAD climb through Thursday trading, a move that ultimately saw the loonie giving up 0.5% against the greenback. Moreover, given the continued risk-off mood visible...