Tag: usd/cad

Canadian dollar ticks higher as Bank of Canada pivots

Canadian dollar ticks higher as Bank of Canada pivots

Another central bank signaled a pause in its tightening cycle, this time strengthening the domestic currency (CAD) as a result.
USD/CAD plunges after dovish BoC hike

USD/CAD plunges after dovish BoC hike

The USD weakened notably today, pushing the CAD higher, despite a disappointing BoC decision.
USD/CAD drops after labor market combo

USD/CAD drops after labor market combo

Volatility came after the labor market data, so far benefitting the Canadian dollar more.
USD/CAD defends 1.30 after terrible CAD jobs market data

USD/CAD defends 1.30 after terrible CAD jobs market data

The anti-USD mood hit the markets on Friday, but the CAD failed to capitalize on it fully.
CAD strengthens following a 75  bps rate hike

CAD strengthens following a 75 bps rate hike

This afternoon, the Bank of Canada raised interest rates by 75 basis points to 3.25%, which was in line with the market's expectations.
USD/CAD eyes 1.29 ahead of labor market combo

USD/CAD eyes 1.29 ahead of labor market combo

Volatility will certainly be elevated today as both the US and Canada will publish their jobs market numbers.
USD/CAD slips below 1.30 after domestic data

USD/CAD slips below 1.30 after domestic data

The double top formation could send the market notably lower in the next days.
USD/CAD drops 1% after Canadian CPI

USD/CAD drops 1% after Canadian CPI

The Canadian dollar capitalized on rising inflation, advancing against its US rival.
Canadian dollar vs. WTI correlation

Canadian dollar vs. WTI correlation

Trading commodities is not just about gold, silver, oil or other metals or agricultural assets. It is necessary to have two points in mind.
USD/CAD drops after Bank of Canada Decision

USD/CAD drops after Bank of Canada Decision

The Bank of Canada delivered a 50 bps rate hike, but it remained hawkish, so more rate increases are coming.