Daily Forex Commentary

27 July 2017 - The Loonie Continues to Outperform

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian dollar gained half a cent against the USD yesterday after the Federal Open Market Committee released its s... read more

26 July 2017 - FOMC Rate Announcement at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: There are no economic fundamentals to report for Canada today or tomorrow ahead of Gross Domestic Products GDP on Frida... read more

25 July 2017 - Loonie Continues to Creep Higher

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie gains strength today not just on the back of a weakening greenback, but the spike in oil prices. Saudi Arabia has confirmed it will cut p... read more

24 July 2017 - Canadian Wholesale Sales Rise to 0.9%

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Wholesale Price m/m for May was better than expectations of 0.5% and previous month of 0.8% posting at 0.9%. ... read more

21 July 2017 - Canadian Inflation Releases just Shy of Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian dollar in July is the best performing currency of the G7; this is on the back of the Bank of Canada's new mandate of staying ahead of t... read more

20 July 2017 - CAD Quiet Ahead of CPI Tomorrow

By Frederick Cheng
US Dollar vs Canadian Dollar: The greenback is trading broadly higher against its trading peers this morning, barring that of the Euro which has jumped more than a cent after the... read more

19 July 2017 - Loonie Tested 14-month High Yesterday

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie tested 14-month highs yesterday and showed very little on a reversal in momentum, despite technical indications that the Canadian dollar ... read more

18 July 2017 - The Beating Continues for the Greenback

By Calvin Kuk
US Dollar vs Canadian Dollar: No economic fundamentals to report for Canada today. The loonie continues to rise against the greenback from an already... read more

17 July 2017 - USD/CAD trading at 1.2656

By Calvin Kuk
US Dollar vs Canadian Dollar: The loonie remains elevated against its counterparts as investors continue to price in another rate hike from the BOC in the fall. The greenback re... read more

14 July 2017 - Loonie Trading in a Tight Range

By Calvin Kuk
US Dollar vs Canadian Dollar: Quiet on the economic calendar for Canada today after a hectic week. The loonie has been trading in a tight range over the last 24 hrs and may conti... read more

13 July 2017 - Bank of Canada Raises Rates by 0.25%

By Calvin Kuk
US Dollar vs Canadian Dollar: Bank of Canada rate decision is front and center today with Governor Poloz and Senior Deputy Governor Wilkins having se... read more

12 July 2017 - Bank of Canada Policy Report at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Bank of Canada rate decision is front and center today with Governor Poloz and Senior Deputy Governor Wilkins having se... read more

11 July 2017 - Canadian Housing Starts Release Better Than Expected

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Housing Starts were released this morning and were above expectations of 200k at 212.7k. The data has had lit... read more

10 July 2017 - Loonie is the Best Performing G10 Currency this Month

By Calvin Kuk
US Dollar vs Canadian Dollar: The loonie is the best performing G10 currency this month. Less than two weeks ago the focus of the market was on a Canadian housing crisis and in a... read more

07 July 2017 - Strong Canadian Employment Data

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian employment data released this morning beating expectations. Employment change came in at 45.3k and beating for... read more

06 July 2017 - Focus Remains on BoC Rate Hike

By Frederick Cheng
US Dollar vs Canadian Dollar: USD is trading relatively quiet today as markets await for the release of key US data. Investors are also cautious ahead of the G20 meeting and the ... read more

05 July 2017 - FOMC Meeting Minutes Release at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is trading softer today as it retraces from its recent 9 month high. There are no major domestic data today but... read more

04 July 2017 - Poloz made Hawkish Comments to German Media

By Calvin Kuk
US Dollar vs Canadian Dollar: Canada is back from celebrating its 150th birthday while the US is off celebrating Independence Day. No major event risk for the Canada today except... read more

30 June 2017 - Happy 150th Birthday, Canada!

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian dollar continues to outperform its US counterpart. Recent gains from the Loonie have come from the market ... read more

29 June 2017 - 70% Chance of Rate Hike in July by Bank of Canada

By Calvin Kuk
US Dollar vs Canadian Dollar: The possibility of the Bank of Canada raising interest rates at its July 12 Monitory Policy Meeting doubled from Tuesda... read more

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