|Day's range||1.339 - 1.342|
|52-week range||1.2255 - 1.3442|
Investing.com - The dollar rose against its rivals Tuesday, helped by a plunge in the pound to 21-month lows after UK Prime Minister Theresa May called off a vote on a Brexit deal expected Tuesday, raising further uncertainty about the country's exit from the European Union.
USD/CAD pair trades bearish but downside limited owing to subdued crude oil price action.
Investing.com - The U.S. dollar was lower on Friday as the latest jobs report lowered the chances that the Federal Reserve will raise rates in 2019.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.08% to 96.68 as of 10:14 AM ET (15:14 GMT).Nonfarm payrolls rose by 155,000 in November, which was lower than expected but still consistent with a strengthening job market. The data puts less pressure on the Fed to raise rates. ...
Even after trading at the highest levels in eighteen-months, the USDCAD has to close beyond 1.3410 on a weekly closing basis in order to aim for 1.3450 and the 1.3500 resistances-levels; however, the 1.3585-1.3600 confluence-region, including upper-line of an ascending trend-channel & horizontal-barrier, can confine the pair’s upside if at all it crosses 1.3500 mark. In case prices rally above 1.3600, the 1.3650 & 1.3740 may offer intermediate halts prior to highlighting the 1.3800 resistance. Alternatively, the 1.3330 & the 1. ...
Dovish BoC outlook/falling oil prices continue to weigh on commodity-linked Loonie as investors await monthly jobs report from the US and Canada.
Investing.com - The U.S. dollar was lower on Thursday as the arrest of a Huawei executive spooked investors and disappointing jobs data dampened sentiment.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.46% to 96.56 as of 10:35 AM ET (15:35 GMT).Meng Wanzhou, the chief financial officer at the Chinese smartphone company Huawei was arrested in Canada on an an extradition request by the U.S, which had been investigating whether or not she violated sanctions against Iran. ...
USD/CAD headed to highest daily close of the year after hitting 20 month high.
It’s a choppy start to the day and unlikely to get better, with a heavy set of stats out of the U.S, Brexit and Trade Chatter to drive the majors.
USD/CAD regains on strong rebound in US Greenback owing to safe haven demand and slide in crude oil price but the pair is likely to trade range bound during American market hours as US market is closed today which could result in reduced liquidity.
With the U.S markets closed focus shifts back to the Pound, which is under intense pressure as British PM struggles in the Commons.
Investing.com - The dollar rose from lows against its rivals Tuesday after the plunge in U.S. Treasury yields stalled. Safe-haven buying emerged after President Donald Trump's tweets raised fears that the trade war was not over.
Investing.com - The dollar fell against its rivals Monday as trade-sensitive currencies rallied on the back of the temporary U.S.-China trade truce, while mixed U.S. economic data also weighed.
Investing.com - The U.S. dollar was flat against its rivals Thursday as the Federal Reserve minutes did little to dent investor expectations for a December rate hike, but added to expectations that interest rates were close to neutral.
Investing.com - The dollar swooped lower against its rivals on Wednesday as Fed Chairman Jerome Powell said that interest rates were "just below" neutral, dampening the optimism for a more aggressive rate-hike cycle.
Investing.com - The dollar rose against its rivals Tuesday, shrugging off mostly bearish economic data, while a slump in the pound also lifted sentiment.
Investing.com - The dollar was subdued against its rivals Wednesday as negative U.S. economic data did little to lift sentiment.
Investing.com – The dollar rose against its rivals Tuesday after U.S. housing starts rebounded in October, but analysts warned the housing market remained challenged.
Investing.com – The dollar fell against its rivals Monday after soft housing data pointed to a continued slowdown in the U.S. housing market.
Last week, Powell highlighted the growth of volatility in the global financial markets, the fading effect of tax reform, as well as the decline in demand outside the United States. All these factors, as noted by the head of the Fed, may interrupt rising rates by the middle of next year.
Bullish oil prices underpin Loonie while modest rebound in USD demand following cautious investor sentiment in early Asian market hours keeps pair range bound.
The combination of the tame inflation report, comments from Fed Chair Powell on cooling global demand and the dovish comments from Fed Vice Chair Clarida stating the Fed is getting closer to neutral, are all signs the Fed may slow its pace of rate hikes and this should be bearish for the U.S. Dollar.
Subdued USD price action does little to lend any support or stall the ongoing corrective slide.