USD/CAD: Loonie Falters on Grim Signs for the Canadian Economy

The Canadian dollar is presumed to succumb further to the US dollar today on views that the Canadian economy stalled at the end of 2012, putting pressure on the Bank of Canada to extend a period of low interest rates. The economy received a double whammy last Friday after sales and inflation data came in below expectations. Meanwhile, ongoing concerns over the looming sequester are seen to lift the safe haven US dollar.

Continue Reading...

USD/CAD: Disappointing Factory Sales Report Continuing to Weigh on the Loonie

The Canadian dollar is deemed to maintain its weakness opposite the US dollar today as Canadian manufacturing sales registered the largest decline since the Great Recession due mainly

AUD/CAD: Loonie Dips as BOC Signals Longer Rate Pause

The Canadian dollar is deemed to lose further ground opposite the Australian dollar today as the Bank of Canada lowered its economic estimates and said it will likely

U.S. Dollar Rises as Investors Take Risk Off

The U.S. Dollar is rising sharply at the mid-session as risk aversion is back on following a surprisingly weak U.S. jobless claims report. The Euro is now trading lower

U.S. Dollar Rallies; Boosted by Risk Aversion, Weak U.S. Employment Outlook

The U.S. Dollar Index made a new high for the year, boostedby the sharp sell-offs in the Euro, British Pound and the commodity-linkedcurrencies. Gains were limited slightly by

Euro Drops to 4-year Low ahead of U.S. Jobs Data

After holding steady for a few days, the Euro plungedthrough the recent bottom to post a 4-year low. This morning’s move came as asurprise to many traders who

Euro Lower as Investors Debate U.S. Labor Outlook

Thin trading conditions ahead of the U.S. Non-Farm PayrollsReport on Friday and less than stellar economic news from the Euro Zone helpedto weaken the Euro on Thursday. The

Euro Weakness Suppresses Risk Appetite

Thin trading conditions ahead of the U.S. Non-Farm PayrollsReport on Friday and less than stellar economic news from the Euro Zone ishelping to weaken the Euro at the

U.S. Dollar weakens as Investors put Risk Back on the Table

The U.S. Dollar finished the day down against most majorcurrencies with the exception of the Japanese Yen. Low volume ahead of Friday’sU.S. Employment report may have contributed to

U.S. Dollar Closes Mostly Higher Boosted by Risk Aversion

The U.S. Dollar finished the first full session back fromthe holiday week-end by posting gains against most major currencies. Riskaversion was the theme today as traders punished the