Daily Forex Commentary

07 December 2016 - Bank of Canada Rate Announcement at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The Greenback is mixed against its major trading pairs; JOLTS job openings are forecasted at 5.53M and the print releases at 10 am. Crude oil invent... read more

06 December 2016 - Canada''s Trade Deficit Narrowed

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Trade Balance figures this morning posted better at -1.1B while previous was -4.08B and expectations were for -2.0. At 10 am we have Ivey P... read more

05 December 2016 - WTI Trading Higher Supoorting the CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: Risk off sentiment dominated the Asian session due to the Italian referendum which was shrugged off by the European markets today. WTI is trading hi... read more

02 December 2016 - Positive Canadian Employment Data

By Calvin Kuk
US Dollar vs Canadian Dollar: Yesterday the Loonie strengthened 100 points to touch 1.3305 as higher Oil prices provided substantial support to the CAD. Overnight the market was ... read more

01 December 2016 - OPEC Reaches Agreement, CAD Gains

By Calvin Kuk
US Dollar vs Canadian Dollar: With an OPEC agreement now in hand the market is now shifting its view on the sustainability of higher prices with the potential increase in shale p... read more

30 November 2016 - CAD Edging Higher on the back of Oil

By Calvin Kuk
US Dollar vs Canadian Dollar: OPEC says the debate on output cuts is ongoing and they are in its final day of meetings in Vienna. The market looks to be factoring in an agreemen... read more

29 November 2016 - Crude Oil Falls with the CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Current Account Q/Q forecasted at -16.8B printed at -18.3, which was worse than expected. From the US we have GDP Price Index at 1.4%, whic... read more

28 November 2016 - Gold and Silver on the Rise

By Calvin Kuk
US Dollar vs Canadian Dollar: An OPEC deal is on the table and should consume the oil patch trade this week as questions arise whether or not OPEC can agree on production cuts. G... read more

25 November 2016 - Quiet on the Canadian Economic Data Front

By Calvin Kuk
US Dollar vs Canadian Dollar: Quiet on the economic data front for Canada today, and very little to trade off of from the US with only US Goods Trade Balance for October out at 8... read more

24 November 2016 - US Markets Closed for Thanksgiving

By Calvin Kuk
US Dollar vs Canadian Dollar: No Canadian fundamentals today and US markets are closed for Thanksgiving. Crude oil climbed 0.5% as the Iraqi oil minister overnight said he would ... read more

23 November 2016 - USD Surges Back to 1.35

By Calvin Kuk
US Dollar vs Canadian Dollar: WTI Crude Oil finds resistance at 48 dollars per barrel ahead of the November 30th OPEC meeting next week. Questions about whether Iran and Iraq are... read more

22 November 2016 - Commodities on the Rise

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Core Retail Sales m/m posted below expectations of 0.6% at 0.0%, while Retail Sales m/m was also a miss at 0.6% with expectations of 0.7%. ... read more

18 November 2016 - Canadian CPI In Line with Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD rallied 100 points yesterday afternoon as volatile commodity prices and widening yield spreads pushed the USD back above 1.3500. The Can... read more

17 November 2016 - US CPI In Line with Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD was slightly lower yesterday as a stronger performance in the energy sector helped spur on Loonie gains. Looking to technical, the pairi... read more

16 November 2016 - Probabilty of 98% of December Rate Hike by Fed

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD resumes its rally against most of the G-10 currencies as the market continues to assess the implications of the US election on the Fed&rsquo... read more

15 November 2016 - December Rate Hike at a Probability of 92%

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD is relatively flat against most of its G-10 counterpart as we see consolidation across the markets. Global equities are mixed with gold stab... read more

14 November 2016 - Loonie Testing Multi Month Lows

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD is trading higher against most of the G-10 currencies today as fiscal outlook following last week’s election boost expectations of a F... read more

11 November 2016 - FOMC member Fisher speaking at 9 am

By Frederick Cheng
US Dollar vs Canadian Dollar: Event risk for the North American currency pair today has FOMC member Fisher speaking at 9 am followed by University of Michigan Consumer Sentiment ... read more

10 November 2016 - Canadian New Housing Price Index Rises

By Calvin Kuk
US Dollar vs Canadian Dollar: Economic Calendar starts with Canadian New Housing Price Index at 8:30 forecasts are for 0.2 rises in prices for October and data posted inline. US ... read more

09 November 2016 - Trump Wins Causing Wild Ride for Currency Markets

By Calvin Kuk
US Dollar vs Canadian Dollar: Trump victory made for a wild ride in currency markets overnight. A flight to Yen safe haven saw the Yen up 4% against the greenback as global equi... 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: 0.7563
=
Rate: 1.3222
=

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