Daily Forex Commentary

06 May 2015 - Oil Reaches 5 Month High

By Calvin Kuk
US Dollar vs Canadian Dollar: Oil reaching a 5 month high of 62.05 (WTI) continues to weaken the Greenback overnight. We have observed a 35% rally in oil from the lows in March l... read more

05 May 2015 - US & Canadian Trade Balance Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: US and Canadian Trade Balance both released softer than the market expected. US released at -51.4B while the Canada released at -3.02B. Later on in... read more

04 May 2015 - Three Fed Speakers Due Today

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American week will start off with US Factory Orders at 10AM followed by three Fed Speakers (Tarullo, Evans, and Williams) on deck today. T... read more

01 May 2015 - Quiet Start to May

By Calvin Kuk
US Dollar vs Canadian Dollar: Looking into North America, there were no fundamentals out for Canada, however, the U.S. will release PMI and ISM Manufacturing data starting at 9:4... read more

30 April 2015 - Canadian GDP Released at 0.0%

By Calvin Kuk
US Dollar vs Canadian Dollar: This morning in North America we start with Canadian GDP m/m data released at 0.0% versus -0.1% expected. Bank of Canada Governor Poloz is due to t... read more

29 April 2015 - FOMC Rate Decision at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: US GDP missed the mark dropping from 2.2% to 0.2%, much worse than economists prediction of a drop to 1.0%. A drop was expected due to West Coast Po... read more

28 April 2015 - CAD Breaks a 3 Month High

By Calvin Kuk
US Dollar vs Canadian Dollar: The federal open market committee (FOMC) starts two days of meetings that will end with the FOMC statement and Federal Funds Rate announcements. Ec... read more

27 April 2015 - Potential for Volatile Week for USD/CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: BOC Governor Poloz testifies to the House of Commons and the Senate Tuesday and Thursday this week. CAD traders will be wise to tread cautiously aro... read more

24 April 2015 - CAD Holding onto Gains

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie is coming out on top after US durable goods released this morning. March’s Durable Goods Orders on headline printed at 4%, but ex ... read more

23 April 2015 - US Initial Jobless Claims on Deck

By Calvin Kuk
US Dollar vs Canadian Dollar: Yesterday’s US existing home sales were better than expected but largely ignored by the market as the USD failed to break out of its slump on ... read more

22 April 2015 - USD/CAD will Trade on Broader Themes

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie has retraced yesterday’s losses against the Greenback as the Chinese stimulus rumours cooked off the big currency. Canadian Fin Min... read more

21 April 2015 - Additional Rate Cut Off the Table for Canada

By Calvin Kuk
US Dollar vs Canadian Dollar: USD weakness has persisted to start out this week with many traders shying away from their once robust USD net long positions. Given the sharp rally... read more

20 April 2015 - BOC Poloz Speaks at 10:05 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: We are looking at a quieter week for data and Central Bank speakers which may allow the US to correct some of last week’s losses. Watch this m... read more

17 April 2015 - Strong Canadian CPI + Retail Sales

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian and US inflationary data came out at 8:30, US CPI in at expectations of 0.2% for both CPI and Core CPI. The big story is the Canadian CPI ... read more

16 April 2015 - Worst is Over in Canada

By Calvin Kuk
US Dollar vs Canadian Dollar: Bank of Canada Gov. Poloz left rates on hold, citing positive growth trajectory in Canada as economic data begins to show improvement. Poloz and his... read more

15 April 2015 - BoC Rate Decision + Press Conference at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is strong, up 75 bps, from yesterday’s close. Weak Chinese data and disappointing Canadian Manufacturing Sales has soften the CAD,... read more

14 April 2015 - Disappointing US Data Release

By Calvin Kuk
US Dollar vs Canadian Dollar: This morning at 8:30am we had Retail Sales and Producer Price data for the U.S. that missed expectations, and data showed 0.4% and 0.2% respectively... read more

13 April 2015 - Busy Week on the NA Data Front

By Calvin Kuk
US Dollar vs Canadian Dollar: Key data to watch for the North American market this week is; US Retail Sales (Tues); CAN Manufacturing Sales, BOC Monetary Policy, US Empire State ... read more

10 April 2015 - Canada Added 28K Jobs

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American session will focus on Canadian Unemployment data which just came in showing Canada added 28K jobs, most of it part time with full... read more

09 April 2015 - 50/50 Split for US Rate Hike in June

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is essentially flat from yesterday’s close. William Dudley the New York Federal Reserve President and voting member was the man t... 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: 0.8302
=
Rate: 1.2045
=

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

        © 2014 Copyright