Tag Archives: USD/CAD

In the New York session, the USD/CAD pair trims Monday’s losses and reclaims the 1.2700 figure as the Canadian dollar weakens, as oil prices fall, a headwind for the Canadian dollar. At the time of writing, the USD/CAD is trading at 1.2702.On Tuesday’s, Western Texas Intermediate (WTI), the US crude …

This week started in slow motion, and the US dollar ended the day mixed across the board. The American currency managed to add some ground against its European rival currencies, although EUR/USD held above 1.1400, while GBP/USD settled at around 1.3530.European Central Bank President Christine Lagarde poured cold water on …

Bulls are firming up at a critical support area, the bulls came out in force and took the price higher, but as illustrated below, the bears are putting up a fight. The pair’s price rallied but was met with supply at the start of the new week, despite a dip …

The USD/CAD pair surged from the 1.2560s to the 1.2630 area after the Bank of Canada on Wednesday opted to hold interest rates at 0.25%, disappointing calls from a minority of market participants and economists for a 25bps rate hike to 0.50%.Ahead of the meeting, a Bloomberg poll revealed that …

The Bank of Canada announced on Wednesday that it was holding its overnight interest rate at 0.25%, as the majority of market participants had been expecting. Note that a minority had expected a 25bps rate hike to 0.50%. The central bank also signaled that a rate hike would likely be …

Having started the day closer to 1.2550, and being on course to post on-the-day gains of about 1.0%, the USD/CAD pair is currently penetrating the 1.2700 level having rallied from the mid-1.2500s on Monday amid widespread losses for risk assets m meanwhile, safe-haven demand amid geopolitical tensions and amid pre-Fed …

USD/CAD has had a passive session on Tuesday, with the pair dropping back to trading just above its 200-day moving average at the 1.2500 level after briefly surpassing the 1.2550 mark midway through US trade. Surging crude oil prices that saw front-month WTI futures hit multi-year highs near the $86.00 …

The Canadian dollar is struggling to navigate the latest omicron wave with mixed performance against the rising commodity prices.Oil Prices have left the pair in the middle of the range over the past six weeks with the bottom at 1.2600 and top at 1.2950. With all the lockdowns in Canada …

The USD/CAD pair has traded indecisively on Wednesday and is one of the worst G10 performers despite higher oil prices.A hot US ADP report and mixed Canadian housing data was ignored, with markets focused on the Fed’s December meeting minutes.USD/CAD has traded hesitantly within a relatively thin 1.2700-1.2750 range, roughly …

The USD/CAD is trimming some of Wednesday’s losses, down by 0.05% as COVID-19 worries ease, as studies have shown that leads to milder symptoms that could be treated outside the hospital.The USD/CAD has fallen during the New York session, trading at 1.2809. Investors’ mood is mixed, as US equity indices …