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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 Soars After Canada Q2 GDP Miss, BoC Easing Risk Raises Dollar Strength | Trading Economics | Login to see the signal | |
Canadian Dollar Halts Rebound After GDP DataSummaryCanada's Q2 GDP fell 0.4% q/q as exports and business investment slumped, widening the growth gap with the US and raising BoC easing risk, reducing support for the Canadian dollar versus the US dollar. |
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