Straits Times Index
3,116.56 +12.90 (+0.42%) Nikkei
26,490.53 +382.88 (+1.47%) Hang Seng
21,624.56 +37.90 (+0.18%) FTSE 100
7,173.21 +65.44 (+0.92%) BTC-USD
20,400.37 +248.97 (+1.24%) CMC Crypto 200
443.76 +8.24 (+1.89%)
CAD/USD (CADUSD=X)
| Previous close | 0.7672 |
| Open | 0.7672 |
| Bid | 0.7686 |
| Day's range | 0.7659 - 0.7694 |
| 52-week range | 0.7644 - 0.8137 |
| Ask | 0.7686 |
- Reuters
Canadian dollar hits a 20-month low as recession fears weigh
The Canadian dollar on Tuesday posted its biggest decline since August last year against its broadly stronger U.S. counterpart as investors ditched currencies and other assets that are sensitive to the global economic outlook. "We haven't seen a lot of data or headlines today that have driven any kind of catalyst in this big risk-off (move) but we have seen major moves in pretty much all of G10 FX," said Jay Zhao-Murray, a market analyst at Monex Canada Inc. Equity markets globally fell, the safe-haven U.S. dollar jumped against a basket of major currencies and the price of oil, one of Canada's major exports tumbled.
- FX Empire
USD/CAD Price Prediction – Canadian Dollar Moves Higher Against U.S. Dollar
USD/CAD continues its attempts to settle below the support level at the 20 EMA.
- FX Empire
USD/CAD Price Forecast – Canadian Dollar Is Losing Ground
U.S. dollar moved higher ahead of the long weekend as demand for safe-haven assets increased.
