USDCAD »

  • H.S. Borji

    The Canadian dollar edged higher against its US counterpart on Tuesday, as the markets shrugged off a surprise fall in Canadian retail sales. The loonie, as the Canadian dollar is known, climbed to an intraday high of 0.9102 US. It would subsequently consolidate at 0.9072 US, advancing 0.17 percent. The loonie was experiencing a broad

  • H.S. Borji
    Forex » US Dollar Consolidates ahead of Data Deluge
    H.S. Borji - September 15, 2014, 22:36 GMT

    The US dollar was little changed against a basket of currencies Monday, as the markets shifted their attention to a series of significant events this week headlined by key data and a Federal Reserve rate decision. The US dollar index, a weighted average of the greenback’s performance against six major peers, was at 84.25, virtually

  • H.S. Borji

    The Canadian dollar fell to a nearly two-week low on Monday, as last week’s disappointing jobs report overshadowed a surprise surge in July building permits. The loonie, as the Canadian currency is called, plunged 0.80 percent to 0.9114, erasing early-month gains that resulted from a high-profile corporate merger involving Tim Hortons, as well as a

  • H.S. Borji

    The North American pair was trading below 1.09 on Friday, as disappointing jobs data halted the US dollar’s advance, while Canada’s jobs report also came in below forecasts. The USDCAD was virtually unchanged at 1.0878, easing off an intraday high of 1.0904. The pair is likely to find support at 1.0826. Initial resistance is ascending

  • H.S. Borji
    Forex » Canadian Dollar: Post-Labour Day Outlook
    H.S. Borji - September 1, 2014, 17:30 GMT

    The Canadian dollar traded higher against its US counterpart on Labour Day, extending last week’s impressive rally that resulted from a high profile corporate merger and stronger than forecast GDP figures. The loonie, as the Canadian currency is called, climbed to a daily high of 0.9212 US. It would subsequently consolidate at 0.9204 US, advancing

  • H.S. Borji

    The Canadian dollar advanced for a fourth consecutive day against its US counterpart, as stronger than forecast GDP boosted optimism Canada was emerging from a prolonged period of slow growth. The loonie, as the Canadian currency is known, touched an intraday high of 0.9230 US on Friday. It would subsequently consolidate at 0.9221 US, advancing

  • H.S. Borji

    The US dollar weakened against its Canadian counterpart Tuesday, easing off the 1.10 level in what many analysts believe is only a temporary reversal. The North American pair declined 0.33 percent to 1.0949, after topping out at 1.0999 in intraday trade. The pair fell below the initial support of 1.0954, leaving 1.0923 as the next

  • David Becker

    The USDCAD hit a new 4-month high at 1.0997 and since has settled lower near the 1.0970 level. The Loonie has been under pressure amid soft oil and gold prices, and with the Fed coming under more pressure to discuss an exit strategy on policy, the greenback will likely continue to gain traction. Data in

  • H.S. Borji

    The Canadian dollar was little changed against its US counterpart Friday, as investors weighed tame inflation data against a stronger than expected rise in retail sales. The loonie, as the Canadian currency is called, traded at 0.9138 US, little changed from its previous close. The currency traded within a tight range of 0.9120-0.9150, and is

  • H.S. Borji

    The US dollar rebounded on Monday, as global risk aversion faded following weekend talks in Berlin among Russia, Ukraine, Germany and France. The US dollar index, which gauges the greenback’s performance against a basket of major currencies, advanced 0.17 percent to 81.57. The index broke even last week, having failed to generate gains for the