USD/CAD — News Archive


Canadian Dollar Gets Support from Economic Data & Crude Oil

The Canadian dollar rallied against its most-traded peers today (with the exception of the rather strong euro) as Statistics Canada released a very positive macroeconomic report. The rally of crude oil also contributed the currency’s gains.

CAD Gains on USD, Trims Losses vs. Other Rivals

The Canadian dollar rallied versus its US counterpart thanks to the broad-based weakness of the US currency. The loonie fell versus its other most-traded rivals, but has trimmed losses by the end of the Tuesday’s trading session.

Dollar Ends Last Trading Week of 2017 on Weak Footing

The last trading week of the year was not good for the US dollar as the currency was falling against all of its rivals during holiday’s quiet trading, dropping more than 1% against most of them.

USD/CAD Declines to Trade near 2-Month Lows on Soft US Data

The USD/CAD currency pair today declined to trade near 2-month lows after the release of weak US advance goods trade balance data in the North American session. If the pair does not recoup its current losses, today would mark the seventh straight session in which the pair closes with a loss.

USD/CAD Falls to 3-Week Lows on Oil Price Rally

The USD/CAD currency pair today fell to new 3-week lows as the Canadian dollar rallied against its US counterpart boosted by a rally in global oil prices. The release of US consumer confidence index for December also contributed to the currency pair’s decline as it did not meet expectations.

US Dollar Ends Week Vulnerable Even as US Congress Passes Tax Reform Bill

The US dollar ended the week soft versus the majority of its most-traded rivals even though the US Congress passed the long-awaited tax reform bill.

Canadian Dollar Rallies Against US Dollar on Canada and US Data

The Canadian dollar today rallied massively against its US counterpart after Canada’s CPI print for November was recorded at the highest level since January. The loonie’s rally against the greenback was also boosted by the release of third quarter US GDP growth data, which missed expectations.

USD/CAD Stable, Other CAD-Crosses Weak

The Canadian dollar was stable against its US counterpart but fell against other most-traded currencies today, most likely dragged down by crude oil prices.

USD/CAD Struggles to Rally Higher Despite Positive US Data

The USD/CAD currency pair today retraced some of its earlier gains despite the release of positive US advance retail sales data. The currency pair remained in a slight uptrend boosted by a sharp decline in global crude oil prices as tracked by the West Texas Intermediate.

US Dollar Strong During Week, Ends Trading Soft Due to NFP

The US dollar was strong during the past trading week thanks to the outlook for the US tax reform. The currency lost its upward momentum on Friday, though, following the release of nonfarm payrolls.