Canadian dollar steadies as investors cheer U.S. Federal Reserve’s dovish signal

Canadian dollar steadies as investors cheer U.S. Federal Reserve’s dovish signal

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

Hope for U.S. Federal Reserve pivot help Canadian dollar extend weekly gain

Hope for U.S. Federal Reserve pivot help Canadian dollar extend weekly gain

The Canadian dollar CADUSD strengthened against its US counterpart on Friday, adding to this week’s gains, after suspected Bank of Japan intervention and as investors weighed prospects of the US Federal Reserve dialing back the pace of interest rate hikes. The Canadian dollar was up 0.7% at 1.3670 to the greenback, or 73.15 US cents, … Read more