Browsing Tag

Loonie

USD/CAD plummets on Tuesday

"Given the commodity dollar-bloc strength, it's fair to think that the momentum could continue, which would likely translate further into both technical and fundamental favor likely leading to further CAD strength."  - Tyler Yell, Daily FX…

USD/CAD unchanged on Monday

"Given the commodity dollar-bloc strength, it's fair to think that the momentum could continue, which would likely translate further into both technical and fundamental favor likely leading to further CAD strength." - Tyler Yell, Daily FX…

USD/CAD one step closer to July 2004 high

"Seems to be that markets are just rebounding or paring back some of the losses. Currencies that enjoyed gains at the beginning of the week are now under pressure. And those that underperformed, like the Canadian dollar, are doing better."…

USD/CAD refuses to surrender its bullish tone

"The data today or the events in China should not do that much in terms of having an impact for funds today. If anything, funds has been compressing towards our fair value estimate which has been rather sticky at ~1.30." - TD Securities…

USD/CAD Breaks Out on Commodity Route

The USD/CAD consolidated no Tuesday following a breakout on Monday to a fresh 10-year high. Declining commodity prices have pushed the Bank of Canada into a corner where they are likely to feel pressure to add growth insurance with another…