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Tag: loonie

USD/CAD Outlook: Canadian Dollar Surges Despite Falling Oil

On Friday, oil prices temporarily increased after the initial shock that Israel had attacked Iran. Economic data points to more upside potential for the USD/CAD...

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USD/CAD Forecast: Bank of Canada Flags Low Productivity

BoC’s Carolyn Rogers urged businesses to increase productivity by supporting investment. Data from Canada revealed a 0.8% increase in wholesale trade in February. The dollar was...

USD/CAD Price Analysis: Dollar Strengthens on Upbeat US Data

The dollar recovered after US economic data pointed to a strong economy. Data on Thursday revealed a drop in initial jobless claims from last week. Inflation...

Forexlive Americas FX news wrap: US unemployment rate rises, hot stocks reverse | Forexlive

Markets:Gold up $18 to $2177US 10-year yields down 1.3 bps to 4.08%WTI crude oil down $1.07 to $77.86S&P 500 down 33 points, or 0.6%,...

CIBC now sees one fewer Bank of Canada rate cut this year | Forexlive

Canada added 37.3K jobs in January compared to 15K expected. The unemployment rate fell to 5.7% from 5.9% as labor force participation also slipped....

The Week Ahead – Time for a Rebound – Orbex Forex Trading Blog

AUDUSD drops with decreased risk appetite The Australian dollar fell through a significant support zone as the market remains risk-off. The US dollar’s strength...

USD/CAD Outlook: Middle East Tensions Lift Oil Price, Loonie

The Canadian dollar benefited from higher oil prices. USD/CAD recorded a weekly rise due to the Bank of Canada’s recent shift in guidance The Fed will...

Forexlive Americas FX news wrap: PCE core inflation dips below 3% | Forexlive

Markets:CAD leads, JPY lagsS&P 500 down 0.1%US 10-year yields up 1.5 bps to 4.15%Gold down $1 to $2018WTI crude oil up $0.81 to $78.17The...

Canada December CPI: No Rate Cuts Soon? – Orbex Forex Trading Blog

Canadian inflation is expected to tick higher when it is reported later today. But the core rate is expected to keep to the downward...

USD/CAD Outlook: Loonie Gains Traction as Oil Rallies

Oil rose after the US and the UK announced air and sea strikes on Houthi military targets in Yemen. US consumer prices rose in December,...

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