The Canadian dollar CADUSD was little changed against its broadly weaker US counterpart on Thursday as lower oil prices offset a dovish signal on the pace of interest rate hikes from the US Federal Reserve. World shares touched a two-month high and the US dollar swooped towards a three-month low against a basket of major … Read more
The Canadian dollar CADUSD weakened to its lowest level in more than two years against its US counterpart on Thursday and bond yields jumped as hotter-than-expected US inflation data bolstered bets for additional tightening by the Federal Reserve. Stocks globally fell as US consumer prices increased 8.2 per cent in September and underlying inflation pressures … Read more
The Canadian dollar CADUSD was little changed against its US counterpart on Wednesday, holding near its weakest level in over two years, as oil prices fell and investors weighed data showing US producer prices climbed more than expected in September. Equity markets globally hovered near recent lows as US producer prices rose at an annual … Read more
The Canadian dollar CADUSD was little changed against its US counterpart on Tuesday but holding near its weakest level in more than two years as investor sentiment remained fragile ahead of a key US inflation reading this week. The loonie was trading nearly unchanged at 1.3780 to the greenback, or 72.57 US cents, after touching … Read more
The Canadian dollar CADUSD weakened to its lowest level in more than two years against its US counterpart on Friday as the sell-off in global equity markets continued and domestic data showed retail sales falling more than expected in July. The loonie was trading 0.3 per cent lower at 1.3525 to the greenback, or 73.94 … Read more
The Canadian dollar CADUSD climbed to its highest level in more than two months against a broadly weaker US counterpart on Thursday as oil prices rose and investors grew more optimistic about the global economic outlook. The loonie was trading 0.1% higher at 1.2765 per greenback, or 78.34 US cents, after touching its strongest level … Read more
The Canadian dollar CADUSD strengthened to its highest level in nearly six weeks against its broadly stronger US counterpart on Wednesday, as oil prices rose and investors awaited a Bank of Canada interest rate decision. Canada’s central bank is widely expected to raise interest rates by half a percentage point for a second straight meeting. … Read more
The Canadian dollar strengthened to its highest level in more than two weeks against its US counterpart on Friday as Chinese authorities moved to cushion the impact of an economic slowdown, with the currency on track to snap a weekly losing streak. Stock markets globally rebounded after China cut a key lending benchmark to support … Read more
The Canadian dollar strengthened to its highest level in two weeks against its US counterpart on Thursday as China eased restrictions to contain the spread of the coronavirus and the greenback broadly fell. The loonie was trading 0.8% higher at 1.2790 to the greenback, or 78.19 US cents, after touching its strongest level since May … Read more
The Canadian dollar CADUSD weakened to its lowest level in more than seven weeks against its US counterpart on Thursday as broader gains for the greenback offset hawkish comments by Bank of Canada Governor Tiff Macklem. The US dollar surged to its highest levels in two decades against a basket of major currencies, propelled by … Read more
