USD/CAD — News Archive

The US dollar is strengthening against most major currency rivals midweek as the Federal Reserve left interest rates unchanged amid a strong national economy. The greenback is also reacting to higher price inflation and a robust housing market.

The US dollar is mixed against multiple currency rivals on Tuesday after it was reported that US and China trade negotiators are working on a plan to delay the December 15 tariffs. This comes after the federal government revised its third-quarter productivity numbers slightly higher, though the report still marked a negative reading for the first time in four years. Business confidence is on the rise, however, so can positive […]

The Canadian dollar today fell against its US peer following the release of disappointing jobs data, which missed expectations by a considerable margin. The loonie erased all of the gains made against the greenback earlier this week amid the highly anticipated Saudi Aramco IPO.

The US dollar is soaring to close out the trading week, buoyed by a terrific November jobs report that suggested the labor market is strong. For months, it had been stated that the jobs market was resilient but following this report, analysts could make the case that it is a force to be reckoned with.

The US dollar is falling against multiple currencies midweek amid disappointing private payroll numbers and a weak services sector. The bullish US-China developments appeared to have stopped the bleeding as investors have renewed their optimism (again) over an upcoming deal. But the buck may need to limit its losses if it wishes to keep its year-to-date gain.

The Canadian dollar fell against almost all most-traded currencies today, even the soft yen. The Swiss franc was the only exception, falling against all other major rivals. The Canadian currency spiked after the release of a GDP report but lost gains almost immediately.

The US dollar is struggling for direction midweek after a wide range of economic data was mixed. The greenback is also seesawing against a myriad of other currencies on uncertainty over phase one of a US-China trade agreement. The buck is looking to extend its gains to close out the year after climbing more than 2% so far in 2019.

The Canadian dollar is trading slightly lower against multiple currency rivals on Tuesday following recent wholesale data. The loonie has been under threat in recent sessions as several Canadians industries are crippled by a work stoppage at the nation’s largest rail company, which has impacted the agriculture and energy sectors.

The US dollar is strengthening against several major several currency rivals at the end of the trading week, buoyed by upbeat economic data. Investors took a day off from the never-ending seesaw of US-China trade relations that markets had to endure for the last several sessions.

The Canadian dollar is weakening midweek as new manufacturing sales data and a cautious Bank of Canada (BoC) put pressure on the loonie. While the financial market is nearing all-time highs, the national economy is not experiencing the same level of success. Overall, the Canadian economy remains anemic, but the central bank did note that has the tools to accommodate and prevent further weakness.