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USDCAD Soars After Canada Jobs Miss, BoC Cut Odds Surge | Reuters | Login to see the signal | |
Canadian dollar underperforms G10 currencies as job data fuels rate cut betsSummaryCanadian employment plunged by 65,500 in August, lifting USDCAD as the loonie weakened, oil prices fell and bond yields dropped, boosting odds of a Bank of Canada rate cut. |
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USDCAD Soars as ISM Services Beat and BoC Rate-cut Bets Weigh on Loonie | Reuters | Login to see the signal | |
Canadian dollar weakens for fourth day on broad-based buying of U.S. currencySummaryCanadian dollar fell for a fourth day, touching weakest since Aug 27 after a stronger-than-expected US ISM services report boosted the dollar. Markets price a likely BoC rate cut amid Canada’s services contraction and lower 10-year yields, supporting higher USDCAD. |
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USDCAD Climbs as BoC Cut Odds Rise and U.S. Yields Surge | ReutersRefinitiv | Login to see the signal | |
Canadian dollar hits six-day low as BoC rate decision becomes a coin tossSummaryThe Canadian dollar weakened as markets priced a roughly 50% chance of a Bank of Canada September rate cut while U.S. Treasury yields jumped, boosting the dollar; higher oil limited the loonie's drop. |
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