August 31, 2017

    CAD Rebounds After Yesterday’s Tumble

    By / August 31, 2017

    Thursday, August 31, 2017 Good morning, The CAD has rebounded well over a cent and is trading within the range seen earlier in the week.  GDP numbers impressed coming in ahead of the 0.2% forecast at 0.3% and showing the fastest growth in Canada in six years.  News for the remainder of the week is limited to second tier Manufacturing PMI tomorrow morning. The USD has strengthened against most of its G10 peers on a morning of mixed… Read more

    CAD Tumbles after Overnight Gains

    By / August 29, 2017

    Tuesday, August 29, 2017 Good morning, The CAD has fallen over half a cent compared with highs seen overnight and continues to fall.  RMPI out of Canada disappointed coming in below the -0.2% forecast at -0.6%.  Tomorrow’s current account numbers followed by Thursday’s GDP print will be important for the near term trend of the CAD. The USD is under slight pressure from the G10 currencies as many investors are now lowering their expectations for a December rate… Read more

    CAD Retraces NAFTA Driven Losses

    By / August 23, 2017

    Wednesday, August 23, 2017 Good morning, The CAD fairly quiet and trading within the range seen throughout the week.  Slight losses were seen overnight in response to comments about NAFTA but the CAD has since recovered.  No news to report on out of Canada until tomorrow’s second tier corporate profits release. The USD is mixed this morning against most of the G10 currencies.  News was disappointing with New Home Sales missing the mark coming in well below the… Read more

    CAD Makes Gains into the Open

    By / August 22, 2017

    Tuesday, August 22, 2017 Good morning, The CAD strong and up over half a cent since the levels we saw at the end of the day yesterday.  Core Retail Sales numbers impressed coming in well ahead of the 0.0% forecast at 0.7%.  While Retail Sales numbers fell short coming in at 0.1% vs. the expected 0.2%.  News is quiet out of Canada for the rest of the week with only a handful of second tier releases reporting until… Read more

    CAD Surges Trading Near Week’s High

    By / August 18, 2017

    Friday, August 18, 2017 Good morning, The CAD is strong up over half a cent since yesterday’s lows but in the range seen on Wednesday.  CPI out of Canada was in line with the 0.0% forecast to end the trading week.  Crude has settled in the upper $46 range. The USD is soft but showing only modest losses against most of its G10 peers.  Prelim UoM Consumer Sentiment came in a modest beat at 97.6 vs. the expected… Read more

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