US Dollar Canadian Dollar Exchange Rate Forecast

Longer-term studies seem to be suggesting that the market is in the process of carving out a major base, with a fresh higher low now sought out by parity ahead of the next major upside extension beyond 1.3000. At this point however, will need to see a break back above 1.0850 to encourage the recovery [...]

Loonie Nearing Bottom of Its Long-Term Range

For the range-bound trader, the USD/CAD pair has been a delight for the last year or so. FX traders love a predictable currency pair, and have found one in the USDCAD. The pair has been stuck between “parity” and the 1.07 handle since the latter half of 2009, and simply cannot gain traction to get [...]

Commodities Lift Canadian Dollar

The Canadian dollar closed higher Monday, receiving a lift from higher commodity prices even as the U.S. dollar strengthened ahead of an announcement from the U.S. Federal Reserve on new stimulus measures. The loonie closed up 0.4 of a cent at 98.42 cents (U.S.) at the start of what is likely to be a volatile [...]

Canadian Dollar Benefits from Greenback’s Slide

The Canadian dollar (CAD/USD-I0.980.0070.70%) made strong headway Thursday, rising more than two-thirds of a U.S. cent as commodity prices rose and the U.S. dollar resumed its downward slide. The currency closed up 0.69 of a cent at 97.9 cents (U.S.). The loonie had fallen the previous two sessions amid volatility on currency markets ahead of [...]

Canadian Dollar Touches Highest in Six Months on Risk Appetite

Canada’s dollar touched the highest since November as investors sought riskier assets including commodity-linked currencies. “The market is now willing to embrace risk and move clean of the safety associated with the U.S. dollar,” said Stewart Hall, an economist in Toronto at HSBC Securities. “The Canadian dollar has the potential to be a high-yielding currency [...]

Canadian Dollar Strength Could Evaporate Should Labor Data Stumble (Daily FX)

The Canadian dollar has exhibited tremendous strength this past week, brought on by the Bank of Canada’s hesitation to adopt quantitative easing and a notable cooling in nation’s recession. However, will this advance last? Read more….

Canadian Dollar Strength Could Evaporate Should Labor Data Stumble (Daily FX via Yahoo! Finance)

The Canadian dollar has exhibited tremendous strength this past week, brought on by the Bank of Canada’s hesitation to adopt quantitative easing and a notable cooling in nation’s recession. Read more….

British Pound Makes Headway as UK Data Reflects Signs of Stabilization (Daily FX via Yahoo! Finance)

The British pound was the second strongest of the majors last week, losing out only to the Canadian dollar, as GBP/USD bounced from support at the 100 SMA. While there is resistance looming above for the pair at the April 16 high of 1.5070, economic releases could work in favor of British pound gains in [...]

Canadian dollar opens at 84.45 cents US, up 0.63 of a cent (Canadian Business)

TORONTO – The Canadian dollar opened at 84.45 cents US this morning, up 0.63 of a cent from Thursday’s close. The U.S. dollar stood at C$1.1841, Read more….

Canadian Dollar Gains May Not Be Sustained: Technical Analysis (Bloomberg)

May 1 (Bloomberg) — Gains in the Canadian dollar may not take hold until a measurement of business cycles tabulated by the Organization for Economic Cooperation and Development stops falling, according to RBC Capital Markets. Read more….

Yen Falls to Two-Week Low on Company Profits, High-Yield Demand (Bloomberg)

April 30 (Bloomberg) — The yen fell to a two-week low versus the euro and Canadian dollar as better than estimated corporate profits reported in April and a decline in currency swings spurred investors to buy higher-yielding assets. Read more….

Canadian Dollar Benefits from Positive Market Sentiment

(CEP News) – The Canadian dollar is the top performing currency as positive sentiment continues to sweep through financial markets Thursday morning. Read more….

Yen Falls to Two-Week Low on Company Profits, High-Yield Demand (Bloomberg)

April 30 (Bloomberg) — The yen fell to a two-week low versus the euro and the Canadian dollar as better than estimated corporate profits reported in April and a decline in currency swings spurred investors to buy higher-yielding assets. Read more….

Canadian dollar climbs to new multi-month high against greenback (INO News)

(RTTNews) – The Canadian dollar rallied strongly higher against its major counterparts in the early European session on Thursday. Read more….

Canadian Dollar Forecast Bullish on Extreme Forex Sentiment (Daily FX via Yahoo! Finance)

EURUSD – Euro Forecast Bullish Against US Dollar USDJPY – Japanese Yen Outlook Shifts on Major Price Moves GBPUSD – Forex Trading Systems Indecisive on British Pound USDCHF – Swiss Franc Expected to Rally Versus US Dollar USDCAD – Canadian Dollar Forecast Bullish Against US Dollar Read more….

Canadian dollar closed at 83.13 cents US, up 1.20 cents (Canadian Business)

TORONTO – The Canadian dollar closed at 83.13 cents US, up 1.20 cents on Tuesday.The U.S. dollar stood at 120.30 cents Canadian, down 1.75 Read more….

Canadian Dollar and Other Commodity Currencies Move Higher Against U.S. Dollar

(CEP News) – Commodity currencies are the top performers against the U.S. dollar as risk appetite moves back into financial markets, boosting equity markets Wednesday morning. Read more….

Canadian dollar opens at 82.89 cents US, up 0.96 of a cent (Canadian Business)

TORONTO – The Canadian dollar opened at 82.89 cents US this morning, up 0.96 of a cent from Tuesday’s close. The U.S. dollar stood at C$1.2064, Read more….

Canadian dollar is trading at 83.18 cents US, up 1.25 cents at 11 a.m. ET (Canadian Business)

TORONTO – The Canadian dollar traded at 83.18 cents US, up 1.25 cents on Wednesday. The U.S. dollar was trading at C$1.2022 down 1.83 Read more….

Canadian Dollar Gains Against Most Majors

In early deals on Wednesday, the Canadian dollar rose against its US, European and Japanese counterparts despite a slide in oil prices. The loonie climbed to a 2-day high against the greenback and yen. Read more….

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