Daily Forex Commentary

03 March 2015 - Canadian Q4 GDP came in better than expec

By Frederick Cheng
US Dollar vs Canadian Dollar: The Loonie is trading higher today after Canadian Q4 GDP came in better than expected. Focus will be on Tomorrow’s BoC rate statement at 10:00... read more

02 March 2015 - Focus will be this morning’s Manufacturing PMI

By Frederick Cheng
US Dollar vs Canadian Dollar: Looking to North America the main focus will be this morning’s Manufacturing PMI at 9:45 followed by ISM Manufacturing PMI and Construction Sp... read more

27 February 2015 - US Prelim GDP came in slightly higher

By Frederick Cheng
US Dollar vs Canadian Dollar: CAD is slightly higher this morning but still well within yesterday’s range. US Prelim GDP came in slightly higher than expected this morning.... read more

26 February 2015 - Federal Reserve should remove the word “patient” out of the policy statement

By Frederick Cheng
US Dollar vs Canadian Dollar: James Bullard, the St Louis Fed President, was on CNBC this morning saying that the Federal Reserve should remove the word “patient” out... read more

25 February 2015 - Janet Yellen’s testimony did little to clarify when the next rate hike

By Frederick Cheng
US Dollar vs Canadian Dollar: Janet Yellen’s testimony did little to clarify when the next rate hike will be. Sticking to the message of the next move will be data dependan... read more

24 February 2015 - Fed Chair Yellen testifies to the House of Financial Service Committee

By Frederick Cheng
US Dollar vs Canadian Dollar: Fed Chair Yellen testifies to the House of Financial Service Committee at 10am, so the market will scrutinize her comments and see what she hints at... read more

23 February 2015 - Adding to CAD’s woes is oil moving back below $50

By Frederick Cheng
US Dollar vs Canadian Dollar: The Loonie has been unable to hold onto last week’s position as the week retail sales release was the final straw in a week of poor fundamenta... read more

20 February 2015 - Weak Canadian Retail Sales

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Retail Sales m/m -2.0% for December, well below expectation and the largest drop since April 2010 data showed this morning. This reversed ... read more

19 February 2015 - WTI is down 2.00 dollars

By Frederick Cheng
US Dollar vs Canadian Dollar: In the US, Jobless claims fell by 21,000 to 283,000 last week, showing that fewer Americans filed applications for unemployment benefits. The labou... read more

18 February 2015 - Looming FOMC at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: This morning Canadian Wholesale Sales surprised to the upside with gain from -0.3% to 2.5%, well above economist’s prediction of a gain to 0.4... read more

17 February 2015 - Oil Holds, CAD Gains

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Securities Purchases were a big miss coming in at -13.55B, whereas consensus for the December data was 5.35B, this has us questioning if De... read more

13 February 2015 - Canadian Manufacturing Sales Shows Gain

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Manufacturing Sales finally showed an increase after two months of declines. Rising from -1.4% to 1.7% well above consensus of a 0.8% readi... read more

12 February 2015 - Weak US Retail Sales, CAD rises

By Calvin Kuk
US Dollar vs Canadian Dollar: US Retail Sales were lower again this month falling -0.8% month over month on headline and -0.9% m/m on core. Paired with Initial Jobless Claims com... read more

11 February 2015 - Dovish Tone from BoC Yesterday

By Calvin Kuk
US Dollar vs Canadian Dollar: Deputy BOC Governor Wilkins speech yesterday continued with the dovish tone from the Central Bank and confirmed the markets bets that we could be lo... read more

10 February 2015 - Another Possible Rate Cut by BOC

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD has found a range and looks well consolidated at the 1.2580 resistance level to the 1.2420 support level, this channel looks to hold in the s... read more

09 February 2015 - CAD Regained some of Friday''s Losses

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie regained some of its losses from Friday following the disappointing employment data that highlighted a loss of 11K fulltime jobs. The key... read more

06 February 2015 - Mixed Canadian Employment Data

By Calvin Kuk
US Dollar vs Canadian Dollar: Jobs Data Day in North America: Let’s start with Canada, forecasted Employment Change was +4.7k but the actual posted +35.4k; although most o... read more

05 February 2015 - Canadian Trade Balance Beats Expecations

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is strong this morning as US employment metrics struggle. We are beginning to see the effect of January’s low oil prices trickle throu... read more

04 February 2015 - Volatile Session Yesterday after Oil Rallies

By Calvin Kuk
US Dollar vs Canadian Dollar: Markets are quieter this morning after finding some stability after a volatile session across the globe yesterday. Commodity currencies rallied as o... read more

03 February 2015 - Oil Takes a Breather, Helps CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: Oil continued to gain, WTI touching 51.56 overnight and currently trading at 50.89, on the back of the strike at key oil refineries forcing shorts a... 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: 0.7997
=
Rate: 1.2504
=

Register Free

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


Get our free commentary



RSS Follow Google Plus Follow on LinkedIn

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

        © 2014 Copyright