Daily Forex Commentary

26 May 2017 - Gold at 3 Week High

By Calvin Kuk
US Dollar vs Canadian Dollar: The loonie weakened against the greenback yesterday as crude oil price fell after some OPEC members remain exempt from participating in production c... read more

25 May 2017 - CAD is Soft, as Oil Drops

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar is up substantially this week as stronger Oil prices and overall risk sentiment has boosted the Loo... read more

24 May 2017 - Bank of Canada Rate Announcement at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Bank of Canada''s rate announcement is today at 10 am, and expectations are for interest rates to remain at 0.5% and in... read more

23 May 2017 - Loonie Holding onto Gains

By Calvin Kuk
US Dollar vs Canadian Dollar: The loonie continues the rally against the greenback, which is mainly due to commodities in particular crude oil. WTI Crude Oil continues to trade a... read more

19 May 2017 - Canadian CPI at 1.6% in April

By Calvin Kuk
US Dollar vs Canadian Dollar: Before the release of key Canadian economic fundamentals this morning the loonie broke and held below its major support... read more

18 May 2017 - CAD Soft, Oil Retreats

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian International Securities declined to 15.1B from the previous of 39.2. Canadian government officials offered a vote of confidence in the Can... read more

17 May 2017 - US Dollar Index is Weakest since mid-November

By Calvin Kuk
US Dollar vs Canadian Dollar: Major support for the loonie against the greenback and remains at 0.735 cents. Manufacturing Shipments, a lower tier data in Canada, reported this ... read more

16 May 2017 - Commodities Remain Supported

By Calvin Kuk
US Dollar vs Canadian Dollar: Commodities remain supported with WTI Crude trading at 49.16 per barrel with Kuwait entering the production cut agreement with Russia and the KSA, w... read more

15 May 2017 - WTI Gains After Saudi Arabia and Russia Extends Production Cut

By Frederick Cheng
US Dollar vs Canadian Dollar: The Greenback has lost ground against its G10 counterparts. Most of the USD weakness has come from a move back into commodities. WTI jumped $1.55 ... read more

12 May 2017 - Fed Members Evan And Harker Speaks Today

By Frederick Cheng
US Dollar vs Canadian Dollar: The North American economic calendar is heavily skewed toward the US today. At 8:30 am Retail Sales and Core Retail Sales posted 0.4% and 0.3% respe... read more

11 May 2017 - Canadian Banks Get Downgraded by Moody''s

By Calvin Kuk
US Dollar vs Canadian Dollar: The untarnished Canadian Banks that were the poster children for safety during the credit crisis were all downgraded yesterday by Moody's Investors ... read more

10 May 2017 - Crude Oil Inventories at 10:30 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: No economic data to report on for Canada this morning. The loonie will trade on broader market sentiment. WTI Crude Oil is 45 cents higher as we asc... read more

09 May 2017 - Canadian Housing Starts Exceed Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian economic data yesterday saw Housing Starts for April above expectations of 210k and posting at 214.4K. Lack of confidence and optimism wit... read more

08 May 2017 - Oil Key Driver for Loonie

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is trading lower to start the week. It will be a quiet week for domestic data with Housing Starts released this morning and Building Permits... read more

05 May 2017 - Canadian Unemployment Rate Drops

By Frederick Cheng
US Dollar vs Canadian Dollar: Job day in the US saw Nonfarm Payrolls print at 211K well above the consensus of 184K and the Unemployment Rate decreased 4.4% from 4.5%. All in al... read more

04 May 2017 - No Surprise From FOMC

By Frederick Cheng
US Dollar vs Canadian Dollar: The FOMC meeting yesterday came to an end with no surprise the Federal Reserve left rates unchanged at 1%. The big takeaway is the statement does ma... read more

03 May 2017 - Loonie Falls with Oil

By Calvin Kuk
US Dollar vs Canadian Dollar: Oil prices continue to decline and is taking the loonie down with it. The loonie is the worst performing commodity based currency this week; this is... read more

02 May 2017 - Loonie Cracks 1.3700

By Calvin Kuk
US Dollar vs Canadian Dollar: No Canadian economic data to report today, so our focus will be on the direction of commodities. WTI Crude Oil currently trades at 49.22 up 38 cent... read more

01 May 2017 - Loonie Trades at 1.3657

By Calvin Kuk
US Dollar vs Canadian Dollar: Crude Oil remains at the 49.11 level with OPEC meetings just a month away, which has market player questioning whether an extension of production cu... read more

28 April 2017 - Canadian GDP Flat in February

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian GDP figures this morning printed flat at 0.0% below expectations, Raw Material Price Index also fell to -1.6% from 2.1% previously. The Lo... read more

Currency Converter


Market Rate For information purposes only. Terms of Use
For details, see My FX Dashboard

For CanadianForex’s customer rate
Log In or Register Now
Rate: 0.7437
=
Rate: 1.3446
=

Register Free

For international money transfers at better rates than the banks, register now.


Get our free commentary



RSS Follow Facebook Twitter Follow on LinkedIn Google Plus Follow on YouTube

Get free rate alerts

/
 
Choose currency pair and enter the exchange rate. An alert will be triggered when the exchange rate is reached and an email will be sent to you. You can unsubscribe any time and your email address is safe – see our Privacy Policy.

NOTE: These rates are for informational purposes only

        © 2015 Copyright

Ofx.com