USDCAD »

  • H.S. Borji

    The US dollar rose half a cent against its Canadian counterpart Thursday, reaching the highest level in more than five years as upbeat economic data and cheap oil kept demand for the greenback healthy. The USDCAD overcame the 1.15 barrier, a level it had tested twice this week. The pair rose 0.47 percent to 1.1532,

  • H.S. Borji

    The Canadian dollar declined against its US counterpart Wednesday, tumbling for the fourth time in five days as OPEC downgraded its 2015 crude outlook and sent oil prices plummeting yet again. The loonie, as the Canadian currency is known, declined 0.46 percent to 0.8702. The currency has declined more than 1 percent over the past

  • IronFX UUIIFXBR
    Analysis and Opinion » Daily Commentary 08/12/14
    IronFX - December 8, 2014, 09:03 GMT

    US nonfarm payrolls boost the dollar The November employment report on Friday showed that the US added a stunning 321k new jobs. The biggest gains in nearly three years. The economy has now added at least 200k jobs for 10 consecutive months. A similar increase in hiring in December would result in the biggest annual

  • H.S. Borji

    The Canadian dollar advanced against its US counterpart Wednesday after a shaky front half of the week, as the Bank of Canada held its trend-setting interest rate at 1 percent but warned declining oil prices could offset the economic recovery. The loonie, as the Canadian currency is known, climbed to an intraday high of 0.8811

  • Swissquote UUIIFXBR

    The Aussie took another dive overnight amid the Australian GDP unexpectedly slowed to 0.3% q/q (vs. 0.7% exp. & 0.5% last). The GDP y/y has been revised down to 2.7% for the last quarter, and remained stable at this level in Q3 (vs. 3.1% exp. & last release). AUDUSD legged down to fresh four year low of 0.8389. Stronger bearish momentum suggests

  • H.S. Borji

    The US dollar surged against a basket of currencies Tuesday, as construction spending rose faster than forecast in October, easing concerns the economy was beginning to lose momentum in the fourth quarter. The US dollar index, a weighted average of the greenback against a basket of currencies, surged 0.74 percent to 88.60, the highest level

  • JFD Brokers UUIIFXBR

    The U.S. dollar has risen for a seventh day out of the last six versus the Canadian dollar, after escaping from the bullish formation and the key level of 1.1370. Wednesday’s data is likely to have a significant impact on the direction of the pair, including the BoC policy meeting and Friday’s employment reports from

  • H.S. Borji

    The Canadian dollar continued to plunge Friday, as falling oil prices continued to weigh on the commodity-sensitive currency despite stronger than forecast growth data. The loonie, as the Canadian currency is known, bottomed out at 0.8818 US in intraday trade. It would subsequently consolidate at 0.8750 US, declining 0.77 percent. Canada’s currency is down 1.8

  • H.S. Borji

    The commodity-sensitive Canadian dollar declined sharply against its US counterpart Thursday, after the Organization of the Petroleum Exporting Countries announced it would not cut oil production despite sliding prices. The loonie, as the Canadian dollar is known, declined 0.82 percent to 0.8816 US. The USDCAD surged back above the 1.13 handle, climbing to 1.1341. The

  • IronFX UUIIFXBR

    The dollar traded higher against all of its G10 major peers during the European morning Thursday, after having corrected over the past few days. The euro was lower during the European morning ahead of the preliminary German CPI for November. All of the regional CPIs were 0.1-0.3ppt lower on a yoy basis (except Bavaria), indicating