Currency Markets

By Commodity News Service Canada Winnipeg, March 27 – The Canadian dollar strengthened against the US dollar at 11:51 CDT Thursday, lifted by technical-based buying, analysts said. At 11:51 CDT Thursday, the Canadian dollar was trading at US$0.9041, or US$1=C$1.1106, which compares with Wednesday’s North American close of US$0.9022, or US$=C$1.1084. Spillover support from the […] Read more

By Commodity News Service Canada Winnipeg, March 27 – The Canadian dollar was relatively unchanged Thursday morning, as it followed the up and down movement of other international currencies in the absence of strong domestic data. A report from RBC Capital Markets said the US/Canadian dollar pair consolidated in a tight range during Asian trading. […] Read more

By Commodity News Service Canada Winnipeg, March 26 – The Canadian dollar firmed against the US dollar at 11:49 CDT Wednesday, finding some support from the strength seen in the also commodity-linked currencies of Australia and New Zealand, analysts said. At 11:49 CDT Wednesday, the Canadian dollar was trading at US$0.8986, or US$1=C$1.1128, which compares […] Read more

By Commodity News Service Canada Winnipeg, March 26 – The Canadian dollar was holding steady Wednesday morning, finding some support in the overnight strength seen in the Australian and New Zealand currencies. A report from CanadianForex said the loonie has performed well along with the other commodity-based currencies. At 8:50 CDT Wednesday, the Canadian dollar […] Read more

By Commodity News Service Canada WINNIPEG, March 25 – The Canadian dollar closed stronger against the US dollar on Tuesday, as disappointing US housing data provided support, analysts said. Sales of new homes in the US dropped by 3.3 in February, likely due to the unusually cold weather seen this winter, reports show. The Canadian […] Read more

By Commodity News Service Canada Winnipeg, March 25 – The Canadian dollar firmed against the US dollar at 11:54 CDT Tuesday, lifted by disappointing US economic data, analysts said. Sales of new homes in the US dropped by 3.3 per cent in February, likely due to the unusually cold weather seen this winter, reports show. […] Read more

By Commodity News Service Canada Winnipeg, March 25 – The Canadian dollar changed little Tuesday morning in the absence of any internal local drivers. “There is no data for the remainder of the week, leaving USD/CAD trading off of broader themes,” currency analysts at Scotiabank said in a report. At 8:40 CDT Tuesday, the Canadian […] Read more

By Commodity News Service Canada WINNIPEG, March 24 – The Canadian dollar was slightly firmer against the US dollar on Monday, recovering from a recent sharp drop, analysts said. Ideas that last week’s declines were overdone and the market needed to correct higher were behind the upward move on Monday. The Canadian dollar closed at […] Read more

By Commodity News Service Canada Winnipeg, March 24 – The Canadian dollar eased against the US dollar at 11:55 CDT Monday, undermined by disappointing Chinese economic data, analysts said. The Chinese HSBC purchasing managers’ index dropped to 48.1 in March, from 48.5 in February, the lowest reading since July 2013. At 11:55 CDT Monday, the […] Read more

By Commodity News Service Canada Winnipeg, March 24 – The Canadian dollar changed little Monday morning as it consolidated after volatile trading last week. Statements from both the Bank of Canada and U.S. Federal Reserve prompted a flurry of whippy trading last week. This week is expected to be much calmer with no major economic […] Read more