USDCAD »

  • James Boston

    There was no great surprise from the Bank of Canada (BoC) this afternoon as the scheduled monetary policy meeting ended with the announcement of no change to the 1% target overnight interest rate. The accompanying policy statement from Bank noted that although core inflation had risen close to the 2% target level there had been

  • H.S. Borji

    The Canadian dollar rebounded against its US counterpart Tuesday, as mixed Chinese data weighed on the global economic outlook. The loonie, as the Canadian currency is known, advanced 0.5 percent to 0.8904 US, rebounding from an intraday low of 0.8853 US. The USDCAD pair consolidated at 1.1228. The pair is now testing the 1.1213 support

  • H.S. Borji
    Forex » US dollar recovers after shaky week
    H.S. Borji - October 17, 2014, 15:20 GMT

    The US dollar advanced against a basket of currencies Friday, as stronger housing data lifted optimism about recovery in the world’s largest economy. The US dollar index, the relative value of the dollar against a basket of trade partners’ currencies, increased 0.22 to 85.14. The dollar index is headed for its second consecutive weekly decline,

  • H.S. Borji

    The Canadian dollar declined against its US counterpart Friday, as investors overlooked strong employment data following a timid business outlook from the Bank of Canada. The USDCAD advanced 0.16 percent to 1.1204. The pair had erased its earlier gains after Statistics Canada posted strong employment numbers. The USDCAD is likely to find support at 1.112,

  • David Becker

    The USDCAD has been trading in a uptrend since turning in mid-July as investors perceive the chances of a change in policy is more likely to come from the U.S. than its neighbour to the north. This comes despite some better than expected Canadian data, which could be confirmed this Friday with the Canadian jobs

  • H.S. Borji

    The Canadian dollar rebounded from a six-month low against its US counterpart Monday amid signs the Canadian economy was improving at the end of the third quarter. The loonie, as the Canadian currency is known, advanced more than half a percent to 0.8937 US. The loonie had fallen below 89 US cents on Friday after

  • H.S. Borji

    The Canadian dollar fell to a fresh six-month low against the greenback on Friday, as US employers added workers at a faster pace in September and the unemployment rate fell to a six-year low. The loonie, as the Canadian dollar is known, declined 0.71 percent to 0.8897 US. The loonie was trading near the intraday

  • H.S. Borji

    The US dollar declined against its Canadian counterpart on Wednesday, as mixed economic data kept the greenback’s rally contained. The USDCAD reached an intraday high of 1.1222, the pair’s highest level since the end of March. It would subsequently consolidate at 1.1177, declining 0.2 percent. Initial support is likely found at 1.1146 and resistance at

  • H.S. Borji
    Forex » Canadian dollar: Weekly outlook
    H.S. Borji - September 29, 2014, 14:03 GMT

    The Canadian dollar was little changed against its US counterpart Monday ahead of a steady stream of economic data that could help the loonie rebound from its recent lows. Gross domestic product, manufacturing PMI and international trade top this week’s headlines for the Canadian dollar. The loonie, as the Canadian currency is known, climbed to

  • H.S. Borji

    The Canadian dollar fell further below 90 US cents on Friday, as the US dollar paced for its eleventh consecutive weekly gain against a basket of major currencies. The loonie, as the Canadian dollar is known, declined 0.33 percent to 0.8967 US, the lowest level since the end of March. Canada’s currency is on pace