Straits Times Index
3,384.29 +20.61 (+0.61%) Nikkei
27,509.46 +107.41 (+0.39%) Hang Seng
21,660.47 -297.89 (-1.36%) FTSE 100
7,901.80 +81.64 (+1.04%) BTC-USD
23,396.19 +75.87 (+0.33%) CMC Crypto 200
535.42 -1.43 (-0.27%)
USD/CAD (CAD=X)
| Previous close | 1.3315 |
| Open | 1.3392 |
| Bid | 1.3403 |
| Day's range | 1.3392 - 1.3403 |
| 52-week range | 1.2401 - 1.3970 |
| Ask | 1.3409 |
- FX Empire
Federal Reserve and NFP – A Busy Week Ahead for Traders
It’s all happening for investors and traders this week, with a plethora of significant news releases out around the world.
- Reuters
Canadian dollar to rebound in 2023 if economic uncertainty clears: Reuters poll
Canada's dollar will rally this year, but much of the upswing will have to wait until a period of uncertainty passes for the domestic and global economies following aggressive tightening by central banks in 2022, a Reuters poll forecast. The loonie will edge 0.6% higher to 1.35 per U.S. dollar, or 74.07 U.S. cents, in three months, according to the median forecast of currency analysts. "We expect to see some mild CAD weakness in the first half of 2023 ... as last year's rate hikes work their way through the economy and lead to a mild recession," said George Davis, chief technical strategist at RBC Capital Markets.
- Reuters
Canadian dollar slides as U.S. data spooks investors
The Canadian dollar weakened against its U.S. counterpart on Thursday, pulling back from a one-month high, as investors worried about the Federal Reserve's policy outlook and data showed Canada's trade balance swinging to a deficit. The loonie was trading 0.7% lower at 1.3565 to the greenback, or 73.72 U.S. cents, after touching its strongest intraday level since Dec. 5 at 1.3467. Wall Street's main indexes fell and the U.S. dollar rallied against a basket of major currencies as fresh evidence of a tight labor market and hawkish comments from Fed policymakers deepened fears of elevated interest rates for longer than expected.
