The USD / CAD oscillates within a range during the European session on Wednesday. A bullish USD and weaker oil prices continue to support the pair and help limit the decline. Investors await the key release Wednesday of the Canadian CPI report for further momentum. The pair USD / CAD lacks a strong directional bias […]
Tag: Canada
Canada: At least one dead and thousands displaced by floods
At least one person has been killed in two days of torrential rains in British Columbia, Canada, which have caused landslides and floods that have forced thousands to flee their homes, local authorities said today. “The body of a woman was found in a landslide that occurred on Highway 99 near Liluet on Monday morning, […]
US, Britain, Canada impose sanctions on Nicaragua after ‘election-comedy’
The U.S. government on Monday announced financial sanctions against Nicaraguan prosecutors and nine Central American government officials in response to what the White House called an “election imitation,” a “comedy orchestrated” by the president. Ortega and Vice President Rosario Mourinho “. The threat of sanctions would have been circulating before the November 7 vote, in […]
10-year Treasury yield rises to highest level in two weeks above 1.60%
The 10-year US yield rebounded strongly from 1.54% to 1.60%. Yields across the curve reached new daily highs in US hours. DXY is back in positive territory for the day, above 95.00. US yields turned higher during the US session and rose to weekly highs. The 10-year yield went from below 1.55% to 1.609%, reaching […]
USD / CAD plummets to 1.2525 amid a drop in US Treasury yields.
USD / CAD falls on widespread US dollar weakness amid falling US Treasury yields. According to BBH, fed funds futures have a 66% chance of a takeoff in the second quarter, while a hike in the third quarter has a full price. BOC’s Tiff Macklem: The economic well is not yet absorbed, but “we are […]
Just below 1.2600 as US inflation dust settles
CAD looks for a risk catalyst, focus is on Michigan consumer sentiment. Bulls remain supported amid softer oil prices and Fed rate hike expectations. USD / CAD is heading towards the 1.2600 level, facing resistance ahead of 50% Fibonacci. USD / CAD is trading near 1.2600 at the start of the European session on Friday. […]
USD / CAD Sellers Hit 200 DMA, Push Below 1.2450 Again As Crude Oil Rises
USD / CAD has reversed sharply from previous highs at 200 DMA and is back below 1.2450. A surge in crude oil prices has weighed on the pair in recent trading. The USD / CAD it hit fresh four-week highs earlier in the session above 1.2480, but has since retreated below 1.2450 again amid current […]
The Bank of Canada maintains its rates at 0.25% and announces the end of the weekly bond purchase program
The Bank of Canada today kept its interest rate target unchanged at 0.25%, as expected.. The bank interest rate remains at 0.5% and the deposit rate at 2.25%. The extraordinary prospective orientation of the Bank on the trajectory of rates is maintained. The BoC is ending quantitative easing (QE) and moving into the reinvestment phase, […]
USD / CAD moves away from lows, still in the red below mid-1.2300
A combination of factors triggered new selling around USD / CAD on the last day of the week. A generally positive risk tone affected the dollar as a safe haven and provided support to the downside. A rally in crude oil, stronger Canadian data supported the loonie and contributed to sales. The pair USD / […]
USD / CAD hits a new weekly low below 1.2320 due to high inflation reading from Canada
The Canadian dollar is rising due to the general weakness of the US dollar. Higher crude oil prices boost the Canadian dollar. Canada’s CPI for September increased 4.4%, up from 4.1% in August. The USD / CAD it falls to new weekly lows during the American session, down 0.24%, trading at 1.2326 at the time […]