CAD=X - USD/CAD
| Previous close | 1.3357 |
| Open | 1.3357 |
| Bid | 1.3368 |
| Day's range | 1.3351 - 1.3369 |
| 52-week range | 1.2681 - 1.3970 |
| Ask | 1.3369 |
FX EmpireThe Future of Forex: ChatGPT’s Role in Shaping the Currency Trading Landscape
Artificial Intelligence (AI) has been a hot topic in the world of trading for decades. Will AI ever be able to outperform humans in making potentially profitable decisions?
FX EmpireWeekly Roundup: Dollar’s Selloff Continues After Lower Inflation
This article evaluates the possible continuing impact of the data on expectations for monetary policy and two key charts of the week, USDCAD and USDCHF
ReutersCanadian dollar seen up in one year if economy avoids hard landing - Reuters poll
The Canadian dollar is set to rally over the coming year, after a period in which it consolidates its recent gains, as an expected slowdown in economic activity stops short of a hard landing for the economy, a Reuters poll showed on Wednesday. Since early March the Canadian currency has rallied about 3% against its U.S. counterpart as worries the global banking crisis would lead to a credit crunch eased and the U.S. dollar lost ground against a basket of major currencies. It touched on Tuesday its strongest intraday level in almost seven weeks, near 1.34 per U.S. dollar, or 74.63 U.S. cents.
FX EmpireGBP/JPY Forecast – British Pound Looks Stratospheric Against the Yen
The British pound has shot straight up in the air during the trading session on Tuesday, after doing the same thing on Monday.
ReutersCanadian dollar to rise later in 2023 on more favorable global outlook: Reuters poll
The Canadian dollar is set to rise later this year as the global economic outlook turns more favorable for commodity-linked currencies and investors bet central banks will cut interest rates in 2024, according to a Reuters poll released on Wednesday. In three months, however, the loonie is set be little changed at 1.34 per U.S. dollar, or 74.63 U.S. cents, according to the median forecast from currency analysts, though that was slightly stronger than January's forecast of 1.35. "China is one of the big fundamental drivers for why there is growing optimism ... With that demand coming back, it's going to be supportive of the global economy and it could be a boost to pro-cyclical currencies," said Jay Zhao-Murray, market analyst at Monex Canada Inc.
FX EmpireFederal Reserve and NFP – A Busy Week Ahead for Traders
It’s all happening for investors and traders this week, with a plethora of significant news releases out around the world.
ReutersCanadian dollar to rebound in 2023 if economic uncertainty clears: Reuters poll
Canada's dollar will rally this year, but much of the upswing will have to wait until a period of uncertainty passes for the domestic and global economies following aggressive tightening by central banks in 2022, a Reuters poll forecast. The loonie will edge 0.6% higher to 1.35 per U.S. dollar, or 74.07 U.S. cents, in three months, according to the median forecast of currency analysts. "We expect to see some mild CAD weakness in the first half of 2023 ... as last year's rate hikes work their way through the economy and lead to a mild recession," said George Davis, chief technical strategist at RBC Capital Markets.
ReutersCanadian dollar seen higher as analysts eye peak interest rates: Reuters poll
Canada's dollar will rally over the coming year as major commodity consumer China loosens its COVID-19 restrictions and the Federal Reserve potentially concludes its campaign to increase interest rates, a Reuters poll showed. The loonie has weakened over 7% against the U.S. dollar since the start of 2022, with almost all of the decline coming since mid-August. According to the median forecast of 35 currency analysts surveyed Dec. 1-6 the currency will rebound 1.1% to 1.35 per U.S. dollar, or 74.07 U.S. cents, in three months, compared with November's forecast of 1.36.
Yahoo Finance UKFTSE 100: Ashtead Group reports 26% rise in revenue in half-year results
Ashtead Group reported upbeat half-year results citing a 26% rise in revenue over the past six months and profit before tax increasing by 27% to $1.2bn.
ReutersCanadian dollar slides as crypto selloff spooks investors
"The plunge that we have seen in the crypto space over the last two days caught up with risk sentiment today, resulting in weak stock and commodity prices," said George Davis, chief technical strategist at RBC Capital Markets. The U.S. dollar climbed against a basket of major currencies and U.S. stock indexes fell as the outcomes of tightly contested U.S. midterm elections remained unclear. Its governor, Tiff Macklem, is due on Thursday to give a speech on the evolution of the Canadian labour market.
ReutersCanadian dollar forecasts cut as BoC trails Fed on peak-rate bets - Reuters poll
Canada's dollar will gain less than previously thought over the coming year as the domestic economy has lost some sensitivity to oil prices and the Bank of Canada potentially lagging the Federal Reserve in hiking rates, a Reuters poll showed. The currency has weakened over 7% against the U.S. dollar since the start of 2022. According to the median forecast of nearly 30 currency analysts in the Oct. 28-Nov. 1 poll the Canadian dollar will weaken over 0.5% to 1.37 per U.S. dollar, or 72.99 U.S. cents, in three months' time, compared with the October forecast of 1.34.
ReutersAnalysts cut Canadian dollar forecasts as recession risk looms: Reuters poll
The Canadian dollar is set to fall short of a September forecast for the coming year following sharp losses in recent weeks and as interest rate hikes by the Bank of Canada threaten to push the domestic economy into recession, a Reuters poll showed. The currency has weakened around 7% against the U.S. dollar since the start of 2022, but has fared better than other G10 currencies except for the Swiss franc, although most of that decline has come since mid-August. Last Friday, it touched its weakest level in more than two years at 1.3838 per U.S. dollar, or 72.26 U.S. cents.
Yahoo FinanceIs the stock market headed lower? Experts weight in
In continuation of our series, "What to do in a bear market," Yahoo Finance asked the experts what investors should keep in mind given the market downturn.
ReutersCanadian dollar hits near 2-year low, TSX falls as sentiment sours
TORONTO (Reuters) -The Canadian dollar weakened to its lowest level in nearly two years against the greenback on Friday and Canada's stock market fell as investors grew cautious ahead of domestic inflation data and a Federal Reserve interest rate decision next week. The Canadian dollar was trading 0.3% lower at 1.3270 per U.S. dollar, or 75.36 U.S. cents, after touching its weakest since November 2020 at 1.3307. It follows hotter-than-expected U.S. inflation data on Tuesday that spooked financial markets globally and pushed the U.S. dollar sharply higher against a basket of major currencies.
ReutersCanadian dollar seen higher if recession fears fade - Reuters poll
Analysts expect the Canadian dollar to rally over the coming year, betting the threat of recession will ease as the U.S. Federal Reserve and the Bank of Canada likely wind down rate-hike cycles in 2023, a Reuters poll showed. "USD strength comes from both Fed rate hikes as well as fears that those hikes will provoke a recession in 2023," said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets in New York. "If and as those fears fade in 2023, with the Fed and BoC going on hold, the USD should fade lower and USD-CAD should revert toward its long-run average, and where it should be based on excellent Canadian currency fundamentals."
ReutersCanadian dollar rises as U.S. data tempers recession fears
The Canadian dollar strengthened against the greenback on Wednesday as worries about a possible recession eased following encouraging economic data from the United States, Canada's largest trading partner, offsetting a slide in oil prices. Wall Street rallied as data showed that the U.S. services sector rebounded unexpectedly in July and orders for U.S.-manufactured goods increased solidly in June. "The economic data broadly came in higher than expected as the service part of the economy seems to be stabilizing and price pressures are improving," Edward Moya, a senior market analyst at OANDA in New York, said in a note.
FX EmpireEUR/USD Slips Back Towards 1.0200, ECB and Russia Gas Flows in Focus
A surprise 50 bps ECB rate hike and restart of Russian gas flows to Germany could boost the euro.
FX EmpireForex Mid-Session Recap for July 19, 2022
The buck continued to weaken as reports of a possible 50 bps ECB hike on Thursday boosted the euro.
Yahoo Finance VideoNasdaq climbs into positive territory, yield curve inverts most since 2000
Yahoo Finance's Brian Cheung and Jared Blikre break down how the stock and bond markets have digested this morning's CPI data, in addition to the outlook on the Fed's interest rate hike in July.
FX EmpireUSD/CAD Price Prediction – Weak Oil Puts Pressure On Canadian Dollar
Meanwhile, the U.S. Dollar Index pulled back from yearly highs as EUR/USD failed to settle below the 1.0000 level.
FX EmpireUSD/CAD Price Forecast – Test Of Resistance At 1.3035
USD/CAD gained strong upside momentum and is trying to get closer to yearly highs.
FX EmpireUSD/CAD Price Forecast – Canadian Dollar Moves Higher Ahead Of The Weekend
USD/CAD failed to settle above 1.3000 and moved below the 1.2950 level.
ReutersCanadian dollar outlook turns less cheerful as recession fears mount - Reuters poll
The Canadian dollar will gain less ground than previously thought over the coming year as the growing risk of a global economic slowdown bolsters demand for safe-haven currencies such as the U.S. dollar, a Reuters poll showed. The median forecast in the poll was for Canada's currency to strengthen 1.6% to 1.28 per U.S. dollar, or 78.13 U.S. cents, in three months' time, compared to 1.26 in last month's forecast. "Recession risks are building ... We're starting to see them more and more priced into markets," said Jay Zhao-Murray, market analyst at Monex Canada Inc.
FX EmpireUSD/CAD Price Prediction – Canadian Dollar Moves Higher Against U.S. Dollar
USD/CAD continues its attempts to settle below the support level at the 20 EMA.
FX EmpireUSD/CAD Price Forecast – Canadian Dollar Is Losing Ground
U.S. dollar moved higher ahead of the long weekend as demand for safe-haven assets increased.