USD/CAD Climbs Higher Amid Fed’s Hawkish Stance, Soft Canadian Data
The USD/CAD currency pair continued its upward momentum, reaching near 1.3770 during Friday’s American session. The US dollar strengthening even more as a result of…
Posts Tagged: Manufacturing Sales
USD/CAD Continues Uptrend on Strong US Economic Data
The USD/CAD pair extends gains for a second consecutive session on Friday, supported by robust US economic data. A hotter-than-expected US Consumer Inflation report has…
Mixed Performance for the Canadian Dollar Amidst Global Tensions and US Rate Cut Bets
In Friday’s trading, the Canadian Dollar (CAD) exhibits a mixed performance, recording moderate gains against the US Dollar (USD) following a downside surprise in the…
Canadian Dollar Weakens After Bank of Canada Raises Interest Rates Again
The Canadian dollar slumped against its currency rivals in the middle of the trading week after the Bank of Canada (BoC) raised interest rates to…
Canadian Dollar Rises on Smaller Rate Hike, Weak Data
The Canadian dollar rose at a modest pace against its US counterpart toward the end of the trading week. The loonie benefited from the central…
Canadian Loonie Extends Losses Amid Falling Retail Sales, Rising US Dollar
The Canadian dollar further weakened against its US counterpart to finish the trading week as the greenback surged and disappointing data weighed on the loonie….
USD/CAD Drops As Food, Energy Push Inflation to 31-Year High
The Canadian dollar is recording a modest gain against his US counterpart midweek as crude oil prices stage another rally, offset by skyrocketing inflation in…
USD/CAD Falls As Canadian Inflation Soars to Highest Level Since 2003
The Canadian dollar strengthened against its US peer in the middle of the trading week, despite the annual inflation rate climbing to its highest level…