USD/CAD trades heavy as oil clocks two-week high

CAD on the rise, tracking uptick in oil. USD on the back foot across the board. Having created a bullish outside day candle on Friday, the prospects further gains in USD/CAD looked good, however, the uptick in oil prices seems to have played a spoilsport. As of writing, the USD/CAD is tradin ...

USD/CAD – bullish outside day ahead of the extended weekend

USD shorts lighten up ahead of the extended weekend. USD/CAD creates bullish outside day candle. The greenback has witnessed a relief rally of sorts, seemingly due to shorts lightning up ahead of the extended weekend in the US (President's Day on Monday). Further, demand for the CA ...

USD/CAD leaps to fresh tops around 1.2560

The pair climbs to 1.2560, fresh tops. USD strongly rebounds from 3-year lows. U-Mich came in above estimates. USD-bulls seem to have awoken on Friday and are now lifting USD/CAD to fresh daily peaks in the proximity of 1.2560, around a cent higher than today’s lows in the mid-1.2400s ...

USD/CAD jumps to 1.25 neighborhood ahead of economic releases

   •  A goodish USD short-covering bounce helps regain traction.    •  Retreating oil prices provide an additional boost.    •  US/Canadian data eyed for some fresh trading impetus. Having touched a two-week low near mid-1.2400s, th ...

CAD: A notable laggard amid USD weakness – Westpac

CAD remains a notable laggard amid sustained USD weakness, close to unchanged vs the USD 2018 YTD vs more meaningful gains for JPY (+5.3%), NZD (+3.9%) and EUR (3.7%), explains Richard Franulovich, Research Analyst at Westpac. Key Quotes “NAFTA renegotiation risks are seemingly a factor a ...

USD/CAD drops to fresh 2-week lows, around mid-1.2400s

   •  USD selling remains unabated on Friday.    •  Rebounding oil prices add to the downward pressure.    •  Today’s economic data eyed for some fresh impetus. The USD/CAD pair extended its retracement slide from mid-1.2600s ...

USD/CAD: Canadian dollar edged down on dovish talks by BOC

CAD edged down on dovish talks by BOC’s Schembri. CAD was earlier helped by a rebound in oil. USD/CAD is now trading around 1.2496 in the New York session, up by almost 0.05% on some dovish  talks by BOC despite widespread weakness in US dollar and some recovery in oil. So fa ...

BoC Dep. Gov. Schembri Speech: policy framework could be challenged

Remarks by Lawrence Schembri Deputy Governor of the Bank of Canada Manitoba Association for Business Economists February 15, 2018 have been released: Higher debt levels, decline in interest rates, decreasing economic trend rate could challenge policy framework. If cyclical forces that woul ...

USD/CAD quickly retreats over 25-pips from session tops

   •  Retreating oil prices help gain some positive traction.    •  Persistent USD weakness limits any further up-move. The USD/CAD pair built on its steady recovery move from near two-week lows and gained some positive traction further beyond the key 1.250 ...

USD/CAD points to further weakness near term – Scotiabank

According to FX Strategists at UOB Group, the pair keeps the bearish view unchanged in the short term horizon. Key Quotes “Domestic risk arrives with BoC Deputy Governor Schembri’s speech on ‘Canada’s approach to price stability’ (text 1:30pm ET, speech 1:45pm ET ...

USD/CAD recovers the vicinity of 1.2500

Spot supported near 1.2460. USD bouncing off lows. US docket next on tap. The greenback is alternating gaind with losses today, managing to lift USD/CAD to the boundaries of the 1.2500 handle after bottoming out around 1.2460 in early trade. USD/CAD focused on US data, BoC After testing th ...

USD/CAD holds weaker below 1.25 handle, near 2-week lows

   •  Weighed down by persistent USD selling bias.    •  Positive oil prices add to the downward pressure.    •  US/Canadian data eyed for fresh impetus.  The USD/CAD pair continued weakening through the early European session o ...

USD/CAD: Canadian dollar soared on higher oil and higher US bond yields

CAD soared on broader USD weakness, higher bond yields. CAD is also being helped by rebound in oil today. USD/CAD is now trading around 1.25200 in New York session, tumbling by almost 0.60% and near a day low on broad weakness in greenback as US10Y bond yield has soared above 2.90% after upbea ...