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Research Results

Results for 'USDCAD'

2 articles with this tag name

Canadian dollar in focus as traders eye CPI, retail sales and oil prices

Updated  Oct 21, 2016 7:27:14 AM

The Canadian dollar has been among the weakest of currencies in G10 in recent days. The sell-off has been sparked by the Bank of Canada’s Governor, Stephen Poloz, who on Wednesday said the central bank “actively” discussed the prospects of adding more stimulus into the economy, but in the end decided to keep rates unchanged. The market interpreted this as a sign that the BoC has turned dovish again and this view was supported further  [...] Continue Reading ...

USD/CAD rebound could be short-lived

Updated  Mar 21, 2016 2:50:00 PM

The USD/CAD has collapsed after its parabolic rise ended in mid-January, when oil prices first showed signs of stabilisation. Since peaking at just shy of 1.4700, the Loonie has tumbled to below 1.30, hitting a low of 1.2925 last week. It has shed in the process some 1765 pips from the high to the low, or almost 23 per cent in the space of only nine weeks. At the start of this week, the USD/CAD  [...] Continue Reading ...

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