USD/CAD (CAD=X)
| Previous close | 1.3768 |
| Open | 1.3768 |
| Bid | 1.3745 |
| Day's range | 1.3719 - 1.3804 |
| 52-week range | 1.3091 - 1.3892 |
| Ask | 1.3750 |
FX EmpireOcta’s Review Of Upcoming Central Bank Decisions
Three policy rate decisions over 48 hours will test investors’ interest rate expectations. What will central banks decide next week? Octa analysts share their opinion.
- Investing.com
Scotiabank, ING bearish on Loonie as Canadian dollar loses further ground vs. USD
The Canadian Dollar continued to weaken against its US counterpart today, rising treasury yields, rising risk aversion, and hotter-than-expected retail sales boosted the safe-haven greenback. Low-impact inflation data from Canada also helped assuage some fears after yesterday’s hotter-than-expected core Canadian CPI read. Canada’s Raw Material Price Index fell 4.9% in December, well below the forecast for a 1.6% decline.
- Investing.com
Canadian Dollar Trades in Tight Range vs. USD Ahead of US CPI
The Canadian Dollar traded in a tight range vs. its US counterpart today, as markets await impetus from tomorrow’s US CPI print. The Canadian dollar gained some support from an uptick in risk-sentiment, reflected in equities. "USD-CAD has traded in an extremely narrow range today as traders sit on their hands awaiting tomorrow's key U.S. CPI report for December," noted Michael Goshko, senior market analyst at Convera Canada ULC.
