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USD/CAD Forecast: Canadian Data Curbs CAD's Enthusiasm, GDP Eyed
Friday, January 25, 2019 - 11:15am | 898Read More...USD/CAD advanced on weak Canadian data, as oil failed to advance. Canadian GDP stands in a week dominated by the Fed. The technical picture is mixed for the pair. This Was The Week: Weak Data All Around The Canadian Dollar was on the back foot as data missed expected. Manufacturing Shipments fell...
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Canadian Jobs Preview: The Bar Is Low For The Loonie For Lift-Off, But Keep An Eye On America's Report
Wednesday, October 31, 2018 - 10:22am | 677Read More...Canada's first jobs report after the USMCA is expected to be moderate. The BOC will likely remain on track for a hike early in 2019. The Canadian Dollar has room to rise, but other factors are in play as well. Canada publishes its employment report for October on Friday, November 2nd, at...
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How A Stronger Dollar Impacts The US Economy
Tuesday, October 16, 2018 - 4:28pm | 1287Read More...The U.S. Dollar Index, which measures the value of the U.S. dollar against a basket of foreign currencies, has gained about 3.2 percent year-to-date through Oct. 11. This is where the greenback stands year-to-date against other major currencies: Euro: +3.4 percent Pound: +2.1 percent...
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What Is Forex Trading, And How Can Investors Profit?
Saturday, December 30, 2017 - 11:17am | 1295Read More...Currencies are a popular investment class that allow for speculation on price movements, just like bets on other asset classes. Foreign exchange, or forex in short, is a decentralized global market where currency pairs are traded. Currency trading takes place electronically over-the-counter across...
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Dollar ETF Looks To Shed Its Bearish Ways
Monday, August 7, 2017 - 8:28am | 513Read More...Vexing currency market observers, the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP) is down 8.4 percent year to date. That is an arguably stunning decline when considering the Federal Reserve has boosted interest rates twice this year. UUP, the exchange-traded fund proxy for the U.S....
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Dollar ETF Keeps Looking To The Fed
Friday, June 16, 2017 - 10:34am | 468Read More...The Federal Reserve raised interest rates earlier this week, marking the second time this year that the U.S. central bank has boosted borrowing costs. That move by the Fed has helped the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP), widely viewed as a dud this year among developed market...
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Rising U.S. Rates Will Hurt The Canadian Dollar This Year
Friday, April 7, 2017 - 1:47pm | 346Read More...The Federal Reserve is expected to continue boosting interest rates throughout the remainder of 2017, and doing so is likely to hurt the Canadian dollar. According to a Bloomberg report, the Bank of Canada isn't expected to match the Fed's rate hikes this year which will put pressure on the "loonie...
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USD/CAD Little Changed, Canadian New Car Sales Fall
Wednesday, March 15, 2017 - 8:52am | 52Read More...USD/CAD is trading at 1.3462, down 0.0009. The pair is trading rangebound. Market chatter about economic data and headline news is making the rounds. Statistics Canada reported that Canadian new car registrations fell to 112,996 in January from 128,352 in December. Statistics Canada is scheduled...
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USD/CAD Little Changed Ahead of Data
Wednesday, March 15, 2017 - 7:10am | 46Read More...USD/CAD is trading at 1.3458, down 0.0012. The pair is trading rangebound. Market chatter about headline news, U.S. economic data and U.S. Federal Reserve monetary policy is making the rounds. Statistics Canada is scheduled to release new motor vehicle sales data at 8:30 a.m. ET.
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USD/CAD Little Changed
Tuesday, March 14, 2017 - 6:55am | 54Read More...USD/CAD is trading at 1.3452, up 0.0001. The pair is trading in the middle of the session range. Market chatter about headline news and comments from policy makers has kept both buyers and sellers active in a narrow range. Statistics Canada is scheduled to release new motor vehicle sales data...
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USD/CAD Trading Lower
Monday, March 13, 2017 - 11:45am | 46Read More...USD/CAD is trading at 1.3438, down 0.0028. The pair is trading a little above the session lows, market chatter about the upcoming U.S. Federal Reserve policy meeting and global headline news is making the rounds. Some chatter about sellers near 1.3535 and buyers near 1.3400 is showing up.
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USD/CAD Little Lower
Monday, March 13, 2017 - 5:21am | 53Read More...USD/CAD is trading at 1.3448, down 0.0015. The pair is trading a little above the session lows. Market chatter about weekend global headline news and comments from various policy makers has kept both buyers and sellers active in a narrow range. Statistics Canada is scheduled to release Canadian...
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USD/CAD Trading Lower, Canadian Unemployment Falls
Friday, March 10, 2017 - 9:33am | 48Read More...USD/CAD is trading at 1.3451, down 0.0056. The pair is trading at the session lows. Statistics Canada reported that February unemployment fell to 6.6 percent versus 6.8 percent in January and 15,300 jobs were created versus a gain of 48,300 in January. Canada's February labor participation rate...
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USD/CAD Little Lower Ahead of Data
Friday, March 10, 2017 - 6:39am | 44Read More...USD/CAD is trading at 1.3497, down 0.0010. The pair is trading rangebound and in the middle of the session range. Market chatter about headline news and economic data is making the rounds. Statistics Canada is scheduled to release Canadian unemployment data at 8:30 a.m. ET.
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USD/CAD Gains Erode, Canadian Capacity Utilization Improves
Thursday, March 9, 2017 - 10:06am | 50Read More...USD/CAD is trading at 1.3511, up 0.0022. The pair is trading choppy and has edged down from the session highs. Chatter about comments from policy makers is making the rounds. Statistics Canada released today showed Canadian capacity utilization during the fourth quarter rose to 82.2 percent...
