Tag: USDCAD
Canadian Dollar steady on Strong Labor Report
Canadian employment figures in January showed an impressive increase in job creation. Employment increased by 37,300, far exceeding the market forecast of 15,000, while...
As a Commodity Currency, CAD Gets Support from Rising Oil Prices
The Bank of Canada kept the overnight interest rate at 5.00%, as expected. As stated, the BOC remains concerned about risks to the inflation...
A potentially volatile week for USDCAD
USDCAD posted a slight loss of -0.08% and was trading range bound last week. Likewise on Monday (06/03), USDCAD did not show any major changes...
Oil Drops Hit the Loonie, Ahead of BOC Interest Rates!
The USDCAD exchange rate strengthened after a relatively hawkish Fed, which is likely to push interest rates above 5% in 2023, following a series...
USDCAD: Rounding Top Formed, End of Rally?
The BoC overnight only raised interest rates by 50bp to 3.75%, below market expectations of 75bp. Bank rate and deposit rate were 4.00% and...
USDCAD is bouncing from 1.2800 support with bullish divergence
USDCAD, H4
The Canadian Dollar is the currency that is performing well so far this week. With a gain of over 0.7% against the USD....
