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Canadian dollar weakened to 1.38 USD as core inflation fell to five-year lows, reducing BoC rate hike expectations. Meanwhile, US robust labor data and higher core inflation boosted Fed rate hike odd…
Canadian dollar weakens to four-week lows as yield gap with U.S. widens. Soft labor data and trade uncertainty pressure the loonie, while higher U.S. inflation supports greenback strength.
Canadian dollar weakened against USD on Thursday as the loonie fell 0.2% to C$1.3725. Canadian 10-year bond yields dropped 3.8 basis points to 3.534%, while crude oil futures declined 0.44%.
Canadian dollar rises to nearly three-week high against the U.S. dollar amid oil price gains and easing political uncertainty, pushing USDCAD to its strongest level since October 30.
GBPUSD declined by 0.26% while USDCAD showed a slight positive move, indicating a bearish sentiment for GBPUSD and mild strength for USDCAD.
Dollar rebounds amid Fed cut pricing and U.S. data gaps while BOJ caution keeps yen under pressure; euro and sterling little changed, and the Canadian dollar weakens as oil falls to four-month lows.
The Fed cut rates and called the move risk-management, triggering a dollar plunge then strong rebound. EURUSD slipped while USDCAD rose after a BoC cut; NZD and AUD weakened on weak GDP and employmen…
The Fed cut rates 25bp and signaled further easing, triggering a dollar plunge then sharp rebound; EURUSD spiked and settled near 1.1809. BoC easing and weak Canadian data supported a stronger USDCAD…
Canadian 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 servic…
Canada'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 dolla…