Monex

CAD USDCAD was fairly flat during yesterday’s trading session as the markets digested the Fed’s rate cut on Wednesday evening. Although USD remains under some selling pressure for the second straight...

CAD The loonie is trading modestly stronger this morning after last night’s Fed meeting. That said, we still think USDCAD looks cheap when considering the divergent fundamentals of the US and Canada....

CAD As with other G10 currencies, US retail sales are likely to be closely studied by loonie traders. Indeed, we suspect it could be more significant for CAD than this afternoon’s CPI report. Unlike...

CAD CPI and retail sales should offer plenty of entertainment for loonie traders this week. The first of these is likely to show further disinflation progress, the second, a modest but still...

CAD The loonie once again struggled to match price action across other G10 currencies on Thursday. USDCAD traded sideways, perhaps surprisingly given the rally for both oil and equities. That said,...

CAD Despite the upside surprise to US core CPI, the loonie made headway through yesterday’s session. USDCAD finished Tuesday’s trading down 0.25%, almost entirely reversing Monday’s price action....

CAD Yesterday saw USDACD rising through 1.36, with the loonie hitting a three-week low against the dollar. This slide came as falls for both oil and equities conspired to weigh on CAD given the...

CAD The loonie outperformed on Monday, holding ground against the dollar even as other G10 FX started the week in retreat. That said, the lack of movement for USDCAD was not a surprise considering...

CAD Friday saw the loonie finishing the week in retreat, helped by an inconclusive US jobs report and a concurrent set of domestic readings that broadly skewed dovish. Net employment rose by 22.1k,...

CAD The Canadian dollar has been a notable underperformer this week – unchanged against the greenback – with only Antipodean FX turning in softer results amongst the G10 FX complex. Even so, this...

CAD As expected, the BoC cuts rates by 25bp in their latest policy decision, announced yesterday. Similarly in line with expectations, BoC Governor Macklem ran back commentary from July suggesting...

CAD A BoC rate decision should be the main event for loonie traders today, with an announcement due at 14:45 BST. Anything other than a 25bp cut would be a major surprise. Instead, all attention will...

CAD Tomorrow’s BoC decision remains the major domestic event of the week for loonie traders. We continue to expect a 25bp cut from the Governing Council, accompanied by a signal that further cuts are...

CAD While Friday’s doubleheader of US and Canadian payrolls is likely to be the key set of risk events for USDCAD, before then, Wednesday’s BoC rate decision should be a close second in importance....

USD The US dollar performed well against its major peers yesterday following stronger-than-expected economic data released on Thursday. Investors await July’s US Personal Consumption Expenditure...

CAD The Canadian dollar experienced its first decline in four days, as the greenback rallied against all Group-of-10 currencies amid supportive month-end flows. The Bloomberg dollar gauge increased...