USDCAD »

  • H.S. Borji

    The US dollar index declined for a third consecutive day Wednesday, peeling back from the 88.00 level amid largely disappointing data that threatened to undermine the near-term outlook on the recovery. The dollar index, a weighted average of the greenback’s performance against a basket of currencies, declined 0.31 percent to 87.65. The greenback was lower

  • H.S. Borji

    The Canadian dollar retraced some of last week’s gains on Monday despite weaker than forecast US services data, as investors looked ahead to retail sales and GDP figures. The loonie, as the Canadian currency is known, declined 0.3 percent to 88.71 US. The USDCAD was trading at 1.1272. The pair was likely to test the

  • H.S. Borji

    The dollar bulls were back in control Friday, as the greenback rose to fresh highs against a basket of currencies amid signs the European Central Bank was planning to expand its monetary easing program to rev up the sagging euro area economy. The US dollar index, a weighted average of the greenback against a basket

  • H.S. Borji

    The Canadian dollar rose to its highest level in three weeks Friday, as annual inflation continued to extend above the Bank of Canada’s target despite falling fuel prices. The loonie, as the Canadian currency is known, climbed to an intraday high of 0.8929 US. It would subsequently consolidate at 0.8902 US, its highest level since

  • H.S. Borji
    Forex » USD: Dollar unchanged as Fed minutes weigh
    H.S. Borji - November 20, 2014, 16:25 GMT

    The US dollar was unchanged against a basket of currencies Thursday, as investors continued to analyze the Federal Reserve’s long-term policy outlook amid mixed US data. The US dollar index, a weighted average of the dollar’s performance against a basket of currencies that includes the euro, yen, pound, Canadian dollar, krona and franc, was little

  • H.S. Borji

    The North American pair rebounded Wednesday ahead of the minutes of the October Federal Open Market Committee policy meetings, as investors prepared for potentially groundbreaking revelations about the path of US monetary policy. The USDCAD cemented itself above the 1.13 handle, climbing to an intraday high of 1.1358. The pair would subsequently consolidate at 1.1347,

  • H.S. Borji
    Forex » USD: Dollar searches for higher ground
    H.S. Borji - November 17, 2014, 16:44 GMT

    The US dollar rose to fresh multi-year highs Monday in trade-weighted terms, as investors continued to take bullish bets on the world’s most actively traded currency ahead of a slew of data releases this week. The US dollar index, a weighted average of the greenback against a basket of currencies, surged 0.44 percent to 87.91.

  • H.S. Borji
    Forex » USD: Dollar pacing toward weekly gain
    H.S. Borji - November 14, 2014, 19:19 GMT

    The US dollar pared gains against a basket of currencies Friday, easing off the 88.00 level amid a steam of upbeat economic data. The greenback is on pace for a weekly gain of around 0.2 percent, as investors look ahead to an active third week of November headlined by factory, housing and consumer inflation data.

  • H.S. Borji

    The Canadian dollar advanced sharply against its US counterpart Friday as manufacturing sales rebounded and oil prices stabilized, helping to buoy the commodity-driven currency. The loonie, as the Canadian currency is known, climbed to an intraday high of 0.8843 US. It would later consolidate at 0.8835 US, advancing 0.5 percent. The loonie is poised to

  • H.S. Borji

    The Canadian dollar continued to rebound against its US counterpart Wednesday, as the markets shifted their attention to the Harper government’s fiscal update ahead of the Bank of Canada’s biannual review. The loonie, as the Canadian currency is known, climbed for a second consecutive day, hitting an intraday high of 0.8863 US. It would subsequently