The Canadian dollar also referred to as the ‘loonie’ today rallied higher against the US dollar as oil prices soared during the Asian session. However, the loonie’s gains were short-lived as oil prices quickly fell during the European session reversing the USD/CAD currency pair’s losses and launching a sustained rally.
The Canadian dollar today fell against its US counterpart following the release of weak Canadian jobs data for March in the early American session. The USD/CAD currency pair rallied to new highs following the release of the weak jobs data from Canada as well as the upbeat US non-farm payrolls report.
The Canadian dollar today attempted to rally higher against its US counterpart in the American session after the release of the upbeat Canadian Ivey PMI data. The USD/CAD currency pair today traded mostly directionless amid a lack of fundamental triggers to push the pair decisively in any direction.
The Canadian dollar today rallied against its US counterpart for the first time this week following the release of upbeat Canadian jobs data in the early American session. The USD/CAD currency pair today broke its 6-day rally streak as the loonie gained against the greenback boosted by the mixed NFP report.
The Canadian dollar today fell drastically against its US counterpart following the Bank of Canada‘s dovish interest rate decision. The USD/CAD currency pair today rallied to new 2-month highs following the BoC’s cautious statement in the early North American session.
The Canadian dollar today rallied higher against its southern neighbor driven largely by rising oil prices during the European session. The loonie extended its gains in the early American session after the release of mixed Canadian inflation data to drive the USD/CAD currency pair to new daily lows.
The Canadian dollar today dropped to new daily lows against its US counterpart following the release of weak Canadian retail sales data. The loonie had made gains against the greenback earlier today as evidenced by the USD/CAD currency pair’s decline before retracing all of its gains after the release.
The Canadian dollar today fell against its US counterpart as investors reacted to a drop in global crude oil prices during today’s session. The loonie, whose performance is closely linked to crude oil prices, fell despite the lack of much activity around the greenback as US markets remain closed.
The Canadian dollar today rallied against its US counterpart after the release of jobs reports from both countries, which beat expectations. The USD/CAD currency pair spiked briefly after the release of the US non-farm payrolls, but headed lower shortly thereafter as the loonie recovered.
The Canadian dollar today rallied against the US dollar despite the release of weak Canadian inflation data in the early American session. The USD/CAD currency pair started reversing its earlier gains and extended its losses on the back of negative investor sentiment towards the US dollar.
