Tag Archives: USD/CAD

The USD/CAD is holding in bullish territory with the US dollar spiking to fresh bull cycle highs. Market volatility has dented the high beta CAD in the face of weaker oil prices.The USD/CAD is up over 1.3% on the day as the pair tries to hold on to near the …

The USD/CAD pair is advancing, bolstered by high US T-bond yields and the dollar’s performance. Canada’s CPI rose below forecasts but is still above the 7% threshold.US housing data was mixed, though higher mortgage rates would likely continue to deteriorate the housing market.The USD/CAD also rises to fresh two-year highs, …

The Canadian dollar was weakened following Fed Chair Jerome Powell’s speech that indicated Fed’s commitment to fight inflation. The market’s reaction has sent the US dollar higher, while the US 2-year yield, the most sensitive to interest rate increases, climbed.The USD/CAD pair is trimming some of Wednesday’s losses, climbing towards …

The USD/CAD is soaring despite Wednesday’s 75 bps rate hike by the Bank of Canada, from 2.50% to 3.25%, amid mixed market sentiment, with most global equities tumbling, except for US stocks.At the time of writing, the USD/CAD edges up 0.18%, trading at 1.3174, above its opening price at 1.31510.The …

The growth of Chinese exports slowed down in August to post 7.1% on an annual basis from a growth of 18% recorded in July, compared to expectations of a growth of 12.8%, at a time when the Corona pandemic is still casting a shadow on Chinese cities and factories located …

The USD/CAD pair dropped 0.15% on Thursday as market players prepare for further hawkish rhetoric by the Fed. The USD/CAD slides towards new weekly lows in the North American session amidst a positive market mood, spurred by China’s 1 trillion CNY stimulus, aimed to fix the housing and construction crisis. …

Although safe-haven flows dominated the financial markets for the majority of the day on Monday, Wall Street’s main indexes managed to close the day modestly higher.Gold suffered heavy losses and dropped toward $1,770 on Monday. With the 10-year US T-bond yield edging lower during the American trading hours, XAU/USD edged …

The USD/CAD pair opened at 1.29455 and is now trading at 1.2990; up by 0.35%. the asset is about the end the week with a gain of more than 200 pips. The Canadian dollar is still expected to sharply rise versus both NZD and AUD. Analysts even expect the USD/CAD …

US data revealed, Friday morning, lifted the USD/CAD above its 100-DMA when the University of Michigan showed that the US Consumer Sentiment improved from 52.5 as estimated to 55.1, reaching a three-month high. That is very good news for the Federal Reserve policymakers; however, US inflation expectations for a 5-year …

The USD/CAD pair extended its losses for the second straight day as sellers eye a break of the 200-DMA. July’s US inflation reports show signs of peaking, with CPI at 9% YoY and PPI at 10% YoY, below their previous month’s readings.The USD/CAD is trading at 1.2738 under its opening …