The Canadian Dollar (CAD) showed strength against the US Dollar but weakened against other major currencies on Monday. Investors are now awaiting Canada's latest Consumer Price Index (CPI) figures, scheduled
As the soft USD continues, Scotiabank’s Chief FX Strategist Shaun Osborne points out that the Canadian Dollar (CAD) and the Mexican Peso (MXN) are struggling. Despite the CAD holding below
The USD/CAD pair is retracing recent gains, currently trading around 1.3670 during Monday’s European session. This decline is attributed to the weakened US Dollar following dovish remarks from Federal Reserve
The USD/CAD pair continues to drift lower for the second consecutive day, hitting a one-month low around the 1.3665-1.3660 area. The downward movement is driven by the prevailing bearish sentiment
The Canadian Dollar (CAD) experienced a decline in value across the board on Friday, but managed to make gains against the weakening Greenback. This positive movement was fueled by an
The USD/CAD pair falls slightly but holds key support of 1.3700 in Friday’s New York session. The Loonie asset drops as the US Dollar (USD) falls sharply after failing to
As the session unfolds, Scotiabank’s chief FX strategist Shaun Osborne observes minimal movement in the Canadian Dollar (CAD). Osborne notes, "Spot gains have briefly surpassed the 1.3725 mark a couple
The US Dollar weakens ahead of Michigan Consumer Sentiment Index release for August. Traders anticipate a 25 basis point rate cut at Fed’s next meeting in September. USD/CAD halts gains,
As the USD/CAD pair faces challenges in capitalizing on its recent recovery, a mix of factors is at play in the financial markets. The emergence of USD selling, dovish Fed
Market Update: Canadian Dollar Reacts to US Retail Sales and Wholesale Sales Data On Thursday, the Canadian Dollar (CAD) was influenced by market flows, experiencing fluctuations against various currencies. Despite