Fundamental Overview The USD performance has been mixed in the past days but still on net negative despite the decreasing December rate cut odds. It looks like the stock market is what has been driving all other markets. In fact, when the stock market had positive days, we’ve seen Treasury yields and the US dollar […]
The Canadian Dollar (CAD) remains under slight pressure on Thursday against the US Dollar (USD) as markets anticipate the release of July’s monthly Canadian Gross Domestic Product (GDP) on Friday at 12:30 GMT. The CAD remains held back by persistent fears about the state of the domestic economy. GDP is expected to rise by 0.1%
Bank of Canada (BoC) Governor Tiff Macklem addressed reporters’ questions, offering insights into the central bank’s monetary policy outlook. His remarks came after the BoC lowered its interest rate by 25 basis points to 2.50%, a move that markets had broadly anticipated. BoC press conference key highlights Wage growth continued to ease. The preferred core
The Canadian Dollar snapped it’s recent win streak against the US Dollar on Monday. Both Canadian and US markets are dark for the long weekend holiday. September opens up with an early flash of potential Loonie weakness. The Canadian Dollar (CAD) eased lower against the US Dollar (USD) on Monday, albeit on notably weak market
Fundamental Overview The USD sold off across the board on Friday as Fed Chair Powell tilted more dovish by saying that “with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” That saw traders firming up expectations for a rate cut in September which now
USD/CAD remains under pressure as Fed’s Powell signals that he is open to monetary policy adjustments. Fed Powell’s dovish interest rate guidance has battered the US Dollar. Investors await US Durable Goods, PCE inflation, and Canada’s GDP data. The USD/CAD pair struggles for a firm-footing during the Asian session on Monday after sliding almost 0.8%
Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 1.7% on a yearly basis in May, Statistics Canada reported on Tuesday. This reading aligned with market expectations. On a monthly basis, the CPI rose 0.6% following the 0.1% decline reported in April. This print surpassed the market
USD/CAD trades near 1.3575 as markets digest a mixed US Retail Sales ahead of Wednesday’s Fed rate decision. Elevated Oil prices and geopolitical risks in the Middle East limit losses for the Canadian Dollar. USD/CAD remains in a descending wedge, while the Relative Strength Index signals a pause in bearish momentum. The Canadian Dollar (CAD)
On Wednesday, the Bank of Canada (BoC) held its policy rate steady at 2.75%, aligning with the expectations of market analysts. BoC policy statement key highlights Uncertainty over US tariffs remains high; we will seek more information on US trade policy and its impacts. The BoC also cites unexpected firmness in recent inflation data and
The US Dollar remains firm, drawing support from the positive US Consumer Confidence data and easing trade war fears. The CAD remains on the defensive amid lower Oil prices and hopes of further BoC cuts. Later today, the tone of the FOMC minutes is likely to confirm the US Dollar’s near-term direction. The US Dollar
USD/CAD trades in negative territory near 1.3855 in Thursday’s early Asian session. Worries about a ballooning US deficit weigh on the US Dollar. The advanced S&P Global Manufacturing and Services PMI reports will be closely watched later on Thursday. The USD/CAD pair extends its downside to around 1.3855 during the early Asian session on Thursday,
The Canadian Dollar extends gains against the US Dollar on Wednesday, with USD/CAD falling below 1.3900. BoC rate cut expectations fade as underlying inflation remains sticky. The US Dollar remains under pressure, DXY slips to a fresh weekly low. The Canadian Dollar (CAD) strengthens further against the US Dollar (USD) on Wednesday, marking a three-day
USD/CAD weakens to around 1.3950 in Tuesday’s early Asian session. Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar. A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower
USD/CAD could face downside pressure as the US Dollar weakens, possibly due to rising trade tensions. President Donald Trump’s proposal to impose a 100% tariff on foreign-made films has heightened fears of renewed protectionist policies. The Canadian Dollar is rebounding in line with other G10 currencies, supported by fading recession concerns. USD/CAD is holding steady
USD/CAD edges higher as the US Dollar strengthens due to optimism surrounding potential US trade deals. Washington appears to be making headway in early trade discussions with Asian allies, including South Korea and Japan. The Canadian Dollar remains under pressure as Trump suggested that the 25% tariff on Canadian auto imports could be raised. USD/CAD
USD/CAD weakens as the Fed’s April Beige Book underscores the potential negative impact of tariffs on the economic outlook. The US Dollar also loses ground after the flash Composite PMI pointed to a slowdown in overall business activity. President Trump suggested the 25% tariff on Canadian auto imports to the US could be raised. USD/CAD
USD/CAD retraces to near 1.3800 as the US Dollar surrenders initial gains. US President Trump has signaled a de-escalation in the tariff war with China. A sharp decline is expected in the USD/CAD pair if it breaks below the upward-sloping trendline around 1.3800. The USD/CAD pair retreats from the high of 1.3860 posted earlier in
