Fundamental Overview On Wednesday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with the dot plot showing two more 25 […]
Canadian jobs data may not matter all that much for the CAD today. The consensus anticipates a “standard” 25k gain in jobs but a small uptick in unemployment (to 6.5%) and still lofty wage growth (4.8%). Canadian jobs and US data come next “This is the sort of thing that will keep the market from […]
The Canadian Dollar (CAD) is unchanged on the session after shrugging off domestic developments with ease yesterday, Scotiabank’s Chief FX Strategist Shaun Osborne notes. CAD holds Wednesday’s gains “The BoC rate cut was no surprise and while the policy spread over the Fed is a yawning 125bps now, markets are expecting the Fed to catch […]
The Canadian Dollar eased back on Tuesday, but the US Dollar fell faster. Canada remains data-light until Friday’s GDP print. Markets are hunkering down until Friday’s US PCE inflation figures. The Canadian Dollar (CAD) traded with a broadly softer tone on Tuesday, easing back against the majority of its major currency peers, but still found […]
USD/CAD extends its losing streak for the fourth trading session on Wednesday. Investors await the FOMC minutes for fresh interest rate cues. The Canadian Dollar outperforms despite multiple headwinds. The USD/CAD pair tests territory below the round-level support of 1.3600 in Wednesday’s North American session. The Loonie asset weakens as the Canadian Dollar (CAD) outperforms […]
USD/CAD drifts lower for the second straight day amid the prevalent USD selling bias. Dovish Fed expectations, along with a positive risk tone, continue to weigh on the buck. A modest downtick in Oil prices could undermine the Loonie and help limit deeper losses. The USD/CAD pair extends last week’s breakdown momentum through the 50-day […]
The Canadian Dollar was broadly softer, but gained against USD on Friday. Canada is due to release its latest CPI inflation update next week. US consumer sentiment ticked higher in August, sparking an uptick in risk appetite. The Canadian Dollar (CAD) was overall softer on Friday, shedding weight across the currency board, but still found […]
The Canadian Dollar stumbled against the Greenback on Thursday. Canada and US PMIs gave a soft print in July. US NFP looms large on Friday, markets hoping for continued softening. The Canadian Dollar (CAD) tripped and fell against the US Dollar (USD) on Thursday after a misprint in Purchasing Managers Index (PMI) figures flashed warning […]
The Canadian Dollar went in both directions on quiet Monday. Canada has another rate call looming ahead on Wednesday. A tepid start to the trading week leaves CAD traders to tread water. The Canadian Dollar (CAD) went sideways on Monday, finding some gains against the Antipodeans but shedding further weight against the US Dollar. CAD […]
USD/CAD reverses an early dip to 1.3700, though the upside potential seems limited. The US political uncertainty and dovish Fed bets keep the USD bulls on the defensive. An uptick in Oil prices underpins the Loonie and contributes to capping for the major. The USD/CAD pair attracts some dip-buying following an Asian session uptick to […]
The Canadian Dollar backslid as investors take a closer look at inflation data. Canada gets a fresh rate call from the BoC next week. After a brief soft patch in Canadian inflation, BoC may have cut rates prematurely. The Canadian Dollar (CAD) shed weight on Wednesday as investors take a second look at Canadian Consumer […]
The Canadian Consumer Price Index is expected to lose some traction in June. The BoC reiterated that inflation is heading towards the target. The Canadian Dollar remains stuck within the 1.3600-1.3800 range vs. the US Dollar. Canada is set to reveal the latest inflation data on Tuesday, with Statistics Canada publishing the Consumer Price Index […]
