The USD/CAD exchange rate has risen for three straight days as the US dollar index makes a strong comeback. It also jumped after the relatively encouraging Canadian consumer inflation numbers, which c...
Tag: USDCAD
USD/CAD price forecast ahead of the BOC’s monetary policy decision
One of the main events of today’s North American session is the Bank of Canada (BOC)’s monetary policy decision. The market participants expect the central bank to raise the policy interest rate by an...
USD/CAD price forecast after the Bank of Canada’s December rate hike
One week before the Federal Reserve of the United States announced its December decision, the Bank of Canada raised the policy interest rate by another 50bp. It has now reached 4.25%. While it is way ...
USD/CAD analysis as BoC prepares its final rate hike
The USD/CAD exchange rate rallied to the highest level since November 4 ahead of the upcoming interest rate decision by the Bank of Canada (BoC). It rallied to a high of 1.3693, which was about 3.60% ...
USD/CAD analysis ahead of Canada retail sales data
The USD/CAD price pulled back slightly on Tuesday as investors waited for the upcoming FOMC minutes and Canada’s retail sales data. It pulled back to a low of 1.3400, which was a few points below the ...
USD/CAD forecast ahead of the Bank of Canada decision
The USD/CAD price pulled back on Wednesday as investors waited for the upcoming interest rate decision by the Bank of Canada (BoC). It crashed to a low of 1.3512, which was the lowest level since Sept...
USD/CAD forecast after the stellar US and Canada jobs data
The USD/CAD exchange rate moved sideways on Friday after the latest Canadian and US jobs data. It was trading at 1.3720, which is slightly below the year-to-date high of 1.3835. It has risen by more t...
USD/CAD Rises as the Canadian CPI experiences a Fall
The USD/CAD pair has increased, and the CPI has shown a falling trend. The pair is currently at 1.3329, an increase of 0.59%. It is estimated that there could be a further rise if steps are not in pla...
USD/CAD forms H&S ahead of Canada CPI and FOMC minutes
The USD/CAD price rose to the highest level since August 8 ahead of the upcoming FOMC minutes and Canada consumer inflation data. The forex pair rose to 1.2935, which was about 1.65% above the lowest ...
USD/CAD forecast after the diverging US and Canada jobs data
The USD/CAD forex pair made a strong bullish comeback after the latest US and Canada jobs data. The pair rose to a high of 1.2985, the highest point since July 18th. It has risen by more than 1.8% fro...
USD/CAD forecast as Canada and US jobs data diverge
The USD/CAD price jumped on Friday after the diverging jobs numbers from the United States and Canada. The pair rose to a high of 1.3078, which was the lowest level since May 13th. It has risen by mor...
USD/CAD Price Prediction – Canadian Dollar Moves Higher Against U.S. Dollar
Key Insights U.S. Dollar is losing some ground against Canadian dollar. This week, traders will focus on ADP Employment Change and Non Farm Payrolls reports from the U.S. In case USD/CAD manages to ...
USD/CAD Price Forecast – Canadian Dollar Is Losing Ground
Key Insights Euro Area inflation reports boosted demand for safe-haven assets, which was bullish for the U.S. dollar. Meanwhile, the rebound in the oil markets provided some support to the Canadian d...
USD/CAD forecast ahead of Canada jobs and US inflation data
The USD/CAD price has staged a strong recovery ahead of the upcoming US consumer inflation and Canada’s May jobs numbers. The pair rose to a high of 1.2743, which was the highest level since May 27th ...
USD/CAD forecast: Downtrend intact ahead of BOC decision
The USD/CAD price retreated to the lowest level since April 22nd ahead of the upcoming interest rate decision by the Bank of Canada (BOC). The pair is trading at 1.2655, which is about 3.26% below the...
USD/CAD forecast ahead of Canada and US NFP data
The USD/CAD pair is hovering near its highest level this year as investors wait for the upcoming US and Canadian jobs data. It is trading at 1.2828, which is slightly below the year-to-date high of 1....
USD/CAD forecast ahead of the BOC interest rate decision
The USD/CAD pair has been in a strong bullish trend in the past few days. The pair is trading at 1.2642, which is about 1.95% above its lowest level this month. Focus now shifts to the upcoming intere...
USD/CAD Rebounds Amid Softening Oil Prices
Insights The dollar weakened due to increased expectations for Fed tightening policy U.S. Benchmark Treasury yields surged amid more aggressive Fed expectations Gold and silver prices edged lower as i...
USD/CAD Edges Higher Amid Stronger USD
Insights The dollar saw gains against the Loonie after Fed rate hike U.S. Benchmark Treasury yields slid amid unpromising Russia-Ukraine talks Gold and silver slide as dollar strengthens against other...
USD/CAD Stabilizes After An Unsuccessful Attempt To Settle Below 1.2600
Key Insights Canada reported strong job growth in February. In the U.S., Existing Home Sales declined by 7.2% month-over-month in February. A move above 1.2625 will push USD/CAD towards the resistance...
Is the USD/CAD a sell after the strong Canada inflation data?
The USD/CAD pair retreated slightly on Wednesday after the relatively strong Canadian consumer inflation data. It fell to a low of 1.2727, which was slightly below this week’s high of 1.2900. Canada i...
USD/CAD forecast ahead of the Canada jobs data
The USD/CAD pair was in a tight range on Friday morning as investors waited for the latest Canadian jobs data. It is trading at 1.2787, which was a few points below this week’s high of 1.2895. Canada...
USD/CAD signal ahead of US NFP and Canada PMI data
The USD/CAD pair has been in a tight range this week as investors have focused on the soaring crude oil prices and the Bank of Canada decision. It is trading at 1.2693, where it has been in the past f...
USD/CAD prediction ahead of the BOC interest rate decision
The USD/CAD price moved sideways on Wednesday morning as investors waited for the upcoming interest rate decision by the Bank of Canada. It is trading at 1.2717, which is a few points above this week’...
3 reasons why the USD/CAD is holding steady
The USD/CAD price tilted higher on Monday morning as investors watched the Freedom Convoy and the ongoing trends in crude oil. The pair is trading at 1.2738, which is about 80 basis points above the l...
USD/CAD forecast ahead of US and Canada jobs data
The USD/CAD pair has been in a tight range recently as investors reflect on the surging crude oil prices, weaker US dollar, and the upcoming Canadian jobs data. It is trading at 1.2680, which is about...
USD/CAD sits and waits ahead of the BOC interest rate decision
The USD/CAD pair moved sideways ahead of the latest Bank of Canada (BOC) and Federal Reserve interest rate decision. The pair is trading at 1.2600, which is slightly above last week’s low of 1.2462. B...
USD/CAD: Here’s why the loonie jumped to an eight-week high
The USD/CAD price declined to the lowest level since November 16th as investors reacted to the latest American consumer inflation data and the rising crude oil prices. The pair is trading at 1.2500, w...
Dollar Conviction Better Signaled by EURUSD Windup Than GBPUSD and USDCAD Breaks
As the speculative exclusivity of the top-performing US indices fades, we are moving into Wednesday trade with larger participation in the ‘risk on’ wave but a slowdown in the speed of the top-perform...
USD/CAD Exchange Rate Prediction – The Dollar Drops and Declines for the Year
The dollar eased against the loonie, dropping sharply and falling near 1% for the week. The decline in the greenback put the U.S. currency lower against the Canadian dollar for the year U.S. yields we...