Tag: usd/cad

USD/CAD drops 1% after Canadian CPI
USDCAD
-0.6%

USD/CAD drops 1% after Canadian CPI

The Canadian dollar capitalized on rising inflation, advancing against its US rival.
Canadian dollar vs. WTI correlation
WTIOIL
-2.02%

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
USDCAD
-0.6%

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.
USD/CAD consolidates ahead of Canadian job market data
USDCAD
-0.6%

USD/CAD consolidates ahead of Canadian job market data

Could we see a reversal in the USD/CAD pair, or will bears prevail?
USD/CAD calm after Bank of Canada decision
USDCAD
-0.6%

USD/CAD calm after Bank of Canada decision

The BoC decision has failed to induce volatility in the pair and it consolidated during the US session.
USD/CAD back in the 1.25 region amid USD strength
USDCAD
-0.6%

USD/CAD back in the 1.25 region amid USD strength

The greenback continued to push the CAD into defense amid broad USD strength.
CAD surges after hawkish Bank of Canada decision
USDCAD
-0.6%

CAD surges after hawkish Bank of Canada decision

The CAD soared after the recent BoC action, but it needs to push the USD/CAD pair below 1.23 to continue strengthening.
USD/CAD hitting multi-month lows amid USD weakness, soaring oil
USDCAD
-0.6%

USD/CAD hitting multi-month lows amid USD weakness, soaring oil

Broad US dollar weakness and strong oil continue to undermined the USD/CAD pair.
USD/CAD statistical and technical analysis
USDCAD
-0.6%

USD/CAD statistical and technical analysis

The current price of the USD/CAD exchange rate is 1.2528 (July 13, 2021). This pair rebounded upwards, as we estimated in our last analysis. It is currently testing an important level of resistance after recent growth. Let us therefore look at statistical and technical analyzes.
USD/CAD statistical and technical analysis
USDCAD
-0.6%

USD/CAD statistical and technical analysis

The current price of the USD/CAD exchange rate is 1.2621 (April 07, 2021). This pair has slightly corrected its longer-term declining trend in recent months. The Canadian Dollar is a commodity currency and the rising price of oil may be one of the main reasons for the long downward trend. Let’s look at statistical and technical analyzes.