Tag Archives: USD/CAD

China’s exports grew at the fastest rate in 5 months in June, exceeding analysts’ expectations, confirming that China, the world’s second largest economy, is slowly recovering from the effects of the restrictions it imposed to contain the Corona virus pandemic. But imports grew at a slower rate that did not …

The USD/CAD buyers regain control and lift the pair above 1.3000, eyeing the 1.30776 level. Lower risk appetite is impacting investors’ calculations ahead of the US CPI to keep the USD/CAD upward pressured.The Bank of Canada (BoC) is expected to hike rates by 75 bps, as shown by STIRs futures. …

The USD/CAD pair remains pressured around 1.3030, extending the previous day’s pullback from the highest levels since late 2020, as traders pare USD gains amid a quiet Asian session on Thursday. It is worth noting that the bounce in the prices of Canada’s main export item, WTI crude oil also …

The USD/CAD pair is dragged downwards during the American session as US stocks surge and crude oil price jumps. The pair dropped to 1.2899, hitting the lowest level in a week.The mixture of improved risk appetite, higher crude oil prices and a softer dollar do drag the pair downwards on …

The People’s Bank of China kept interest rates unchanged in June at 3.7% for one year and 4.45% for 5 years, in a move that was expected by most investors. The Central Bank had reduced interest rates for one year during the months of November and December of last year …

The USD/CAD soars above the 1.3000 mark for the first time since May 12 and records a fresh YTD high at around 1.3078 after Wednesday’s Fed 75 bps rate hike, which did not catch traders off guard due to an article on the WSJ on Monday that foresaw an increase …

The US Federal Reserve decided to hike 75 bps, greatly influenced by last Friday’s hot 8.6% CPI reading. Fed Chair Powell does not expect moves of 75 bps to be common; the USD/CAD plunged from 1.2995 to 1.2915 as a reaction.The US central bank expects to cut rates by 40 …

Global rating giant Fitch affirmed Canada’s Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings (IDR) at ‘AA+’ with a Stable Rating Outlook.Following the news, the USD/CAD retreated from a monthly high surrounding 1.2975, also probing the five-day uptrend, at 1.2955 by the press time.Fitch expects firm Canadian economic growth of 3.8% …

As Wall Street collapses, and as the USD surges, high inflation might trigger an aggressive US Federal Reserve reaction in an attempt to bring inflation under control, despite increasing concerns about a US recession.The USD/CAD pair gained traction on Monday and extended its rally to three consecutive days, even though …

The US dollar turns negative amid improved risk sentiment, its Canadian counterpart is the top performer among commodity-linked currencies. The USD/CAD pair is heading for the lowest close since April 20.The USD/CAD is falling on Tuesday and recently hit a fresh daily low at 1.2539. A weaker US dollar pushed …