Tag Archives: Canadian dollar

The Canadian dollar is experiencing limited gains on Wednesday, but is still struggling to recover lost ground after the Bank of Canada held its benchmark interest rate at 5%, in line with market expectations. The Canadian dollar is seeing a step up against most major currency blocs but remains down …

As the US Dollar sees a broad-market recovery on the back of renewed risk aversion, the Canadian Dollar gave up some of its gains from the previous week. On Monday, the Canadian dollar is down about 0.3 percent versus the US dollar. The Canadian Dollar is facing downside pressure as …

As the mood of the market turns more bearish on Tuesday, the Canadian dollar is weakening and losing the gains it made against the US dollar last week. Risk appetite is being negatively impacted by a significant miss for Chinese trade data as well as hawkish remarks made by Federal …

The USD/CAD pair reached a seven-month high of 1.3780 before falling back to 1.3730. The pair experienced an initial rebound from the 1.3700 level and is expected to climb higher if bullish momentum persists. The Canadian dollar’s chances of a short-side reversal may be increasing as the Relative Strength Index …

The US dollar had a substantial increase in momentum on Monday as risk appetite across the board decreased and uneasy investors piled into the USD. Just below 1.3680, the USD/CAD pair is rounding into the midway of the US trading session.The Purchasing Managers Index (PMI) for Canadian Manufacturing fell on …

Although a sparse macroeconomic calendar kept key pairs at known levels, the US dollar lost some gain on Monday. While government bond yields increased, reflecting the prevailing cautious approach, market sentiment remained negative. Investors’ concerns that global central bankers will continue their monetary tightening programmes to control inflation caused the …

The EUR/USD pair rises, benefiting from the weaker performance of the US dollar following Fed’s policy decision. The Fed hiked rates by 25 bps as expected to 5.25-5.50%, its highest in 22 years, meanwhile, all eyes are focusing now on ECB’s decision on Thursday, expected to deliver a 25 bps …

The USD/CAD pair dropped to 1.3170 as the bulls failed to reconquer the 20-day SMA. Global supply concerns are boosting Oil prices, favouring the Canadian dollar.The USD continued to recover following mixed PMIs. On Monday, the USD/CAD declined towards 1.3170 despite the USD trading strong against most of its rivals. …

The USD/CAD pair is trading in the 1.31s during the US session. The Canadian dollar wavers after data shows a lower-than-estimated crude oil inventory draw, reflecting weaker demand. The US dollar holds up surprisingly well despite lower-than-expected US housing data. Canada’s dollar trades lower against its US counterpart after crude …

The Canadian dollar is trades in volatile ups and downs against its US counterpart after hitting a technical ceiling and a decline in Oil prices. Oil falls from weaker-than-expected Chinese growth data for Q2 and the reopening of Libya’s largest Oil field. A thick knot of technical support levels just …