Daily Forex Commentary

01 September 2015 - Postive Canadian GDP Release

By Calvin Kuk
US Dollar vs Canadian Dollar: Overseas equity markets selling off overnight along with futures pointing to another downturn in North America left the USD mixed heading into our t... read more

28 August 2015 - USD/CAD Trading at 1.3286

By Calvin Kuk
US Dollar vs Canadian Dollar: Yesterday, the Dow Jones closed 2% higher and today the futures market is signalling the Dow to open 150pts lower. All US stock futures are lower t... read more

27 August 2015 - Possible October Rate Hike for Fed

By Calvin Kuk
US Dollar vs Canadian Dollar: This week’s events have complicated the interest rate picture for the Federal Reserve. Analysts are now even talking about an October rate hi... read more

26 August 2015 - US Core Durable Goods Beat Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: US equities are prepping for a positive open this morning after finding stable footing in yesterday’s trading. Chinese equities continue to st... read more

25 August 2015 - China Brings Relief by Cutting Rates

By Calvin Kuk
US Dollar vs Canadian Dollar: For the fifth time in nine months, China cut interest rates in an effort to shore up its slowing economy. The central bank also increased the amount... read more

24 August 2015 - China Fails to Cut Rates

By Calvin Kuk
US Dollar vs Canadian Dollar: Global growth concerns continue to weigh heavily on equities. The Shanghai composite had its worst day since February 27, 2007. European stock mar... read more

21 August 2015 - Canadian CPI In Line

By Calvin Kuk
US Dollar vs Canadian Dollar: The USDCAD has been well in trenched in a trend channel for this week from 1.3000 to 1.3200. The only U.S. Data this morning is medium tier with Man... read more

20 August 2015 - Positive Canadian Wholesales Sales

By Calvin Kuk
US Dollar vs Canadian Dollar: Today in Canada we had Wholesale Trade data out at 8:30 with expectation of 1.0% and actual on the positive side at 1.3%. We are a day ahead of the... read more

19 August 2015 - US CPI Misses and FOMC Minutes on Deck

By Calvin Kuk
US Dollar vs Canadian Dollar: We have no Canadian economic data again today. The spot light is on the U.S. with inflation data out at 8:30 where we saw Core CPI, which excludes v... read more

18 August 2015 - CAD Sensitive to Oil

By Calvin Kuk
US Dollar vs Canadian Dollar: Fundamentally, it’s all eyes are on the US this morning and tomorrow. This morning we had Building Permits release at 1.12M and Housing Start... read more

17 August 2015 - Modest USD Strength

By Calvin Kuk
US Dollar vs Canadian Dollar: North America this morning had medium tier data out for Canada and the US. Foreign Securities Purchases in Canada released at 8.51B compared with ... read more

14 August 2015 - Canadian Manufacturing Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: We start the North American session with Canadian Manufacturing Shipment, which showed a positive but weak print of 1.2% compared to last month of 0... read more

13 August 2015 - Canadian New Housing Price Index as Expected

By Calvin Kuk
US Dollar vs Canadian Dollar: In a statement today from China''s central bank, the PBOC, they reassured that there is no reason for the yuan weakness to persist and that it would... read more

12 August 2015 - Ray of Sunlight for the Loonie

By Calvin Kuk
US Dollar vs Canadian Dollar: Another 1.9% devaluation of the Chinese Yuan overnight has heightened markets nervousness. This takes the Yuan to the lowest level observed since 20... read more

11 August 2015 - Canadian Housing Starts Fall Short

By Calvin Kuk
US Dollar vs Canadian Dollar: North American data comes from Canada this morning with Housing Start expectations to show 195k, but the actual posting at 193K. The main focus wi... read more

10 August 2015 - Soft Chinese trade data adds pressure on the commodities

By Frederick Cheng
US Dollar vs Canadian Dollar: Softer Producer Price Index data from China has added to downward pressure on commodities and in turn the Loonie to start the week. USDCAD traded up... read more

07 August 2015 - Canadian Unemployment Rate at 6.8%

By Calvin Kuk
US Dollar vs Canadian Dollar: Everybody was watching for this morning's U.S. non-farm payrolls report, which will be the first of two releases ahead of the Feds highly anticipate... read more

06 August 2015 - US Jobless Claims Improves

By Calvin Kuk
US Dollar vs Canadian Dollar: Lack of economic data to give the USDCAD pair direction today. Although we did have the weekly US Jobless claims release, which rose by 3,000 and p... read more

05 August 2015 - Strong Canadian Trade Balance

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD received a boost yesterday as Atlanta Fed President Dennis Lockhart, a voting member on policy, said it would take "significant deterioratio... read more

04 August 2015 - Mild Recovery from High of 1.3176

By Calvin Kuk
US Dollar vs Canadian Dollar: Thinner markets yesterday following Friday’s close above 1.3080 led to a nasty combination for the Loonie to start the week, reaching a multi-... 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: 0.7556
=
Rate: 1.3235
=

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