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Canadian Dollar Falls Sharply After Disappointing Macroeconomic Reports

The Canadian dollar fell sharply today after the release of macroeconomic reports, which turned out to be worse than analysts had anticipated. The drop of crude oil prices were also unfavorable to the currency.

Canadian Dollar Rallies on Back of Supportive Fundamentals

The Canadian dollar rallied today amid positive macroeconomic data, a rally of prices for crude oil, and hopes that the trade agreement with the United States can still be preserved.

Canadian Dollar Moves Lower Even as Crude Oil Rallies

The Canadian dollar fell a bit today even as prices for crude oil, Canada’s major export, rallied during the Monday’s session. Market analysts argued that the reason for that is diminishing prospect for an interest rate hike from the Bank of Canada.

Canadian Dollar Flat as Traders Wait for Economic Data

The Canadian dollar was flat against its major rivals (though it gained on the Japanese yen) today ahead of important reports due to release at the end of this week. The drop of crude oil hardly affected the currency.

Canadian Dollar Recovers After Wednesday’s Steep Decline

The Canadian dollar recovered today following yesterday’s steep decline, though the currency was still heading to weekly losses against most of its majors.

USD/CAD Drops to Two-Year Low After Fed Statement

The Canadian dollar gained to the highest level in two years versus its US counterpart today after the Federal Reserve released a relatively dovish policy statement. The loonie also rallied against the weak Swiss franc but dropped versus the euro and Japanese yen.

Canadian Dollar Propelled by Economic Data & Oil Prices

The Canadian dollar gained on its major rivals today, propelled by positive macroeconomic data and gains of crude oil prices.

Positive Fundamentals Fail to Provide Support to Canadian Dollar

The Canadian dollar was flat versus the US dollar and the Japanese yen and fell against the euro and the Swiss franc even though fundamentals should have supported the currency.

CAD Touches Highest Since February vs. USD

The Canadian dollar gained against its US counterpart today, reaching the highest level since February. The currency trimmed its gains by now, though, and fell versus other most-traded peers.

Canadian Dollar Jumps as Poloz Shows Hawkish Bias

The Canadian dollar surged more than 1% against its most-traded counterparts today after the Bank of Canada chief demonstrated hawkish bias, adding to speculations that the central bank may consider an interest rate hike in the not-so-distant future.

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