Daily Commentary
US Dollar vs Canadian Dollar: USD/CAD has traded up to 1.0270 on European concerns and will target resistance at 1.0310. The gap that occurred from last Friday’s close to this Monday’s open lies...
US Dollar vs Canadian Dollar: The Canadian dollar continues to be a beacon of safety for international investors and Canadian bank bonds are a hot ticket. As mentioned yesterday, CAD is remaining...
US Dollar vs Canadian Dollar: The Canadian dollar continues to do well on the crosses but is remaining relatively stagnant against the USD compared to yesterday’s close. Canadian trade balance fi...
US Dollar vs Canadian Dollar: Risk aversion seems to be ignoring the Canadian dollar as we traded within a modest range overnight and open this morning only 15 points away from our close. While m...
US Dollar vs Canadian Dollar: It has only taken a pledge of €720 billion from the Euro zone to reassure markets that Spain, Portugal, Italy & Ireland will be rescued should they fall into dire str...
US Dollar vs Canadian Dollar: USD/CAD plunged to 1.0350 after Canadian net employment posted a 108K gain, the highest level on record. After hitting 1.0750 yesterday in the heat of battle, strong...
US Dollar vs Canadian Dollar: USD/CAD managed to briefly flirt with the 1.0400 level in London but has pulled back to 1.0320 as longer term players continue to use this as an opportunity to renew...
US Dollar vs Canadian Dollar: European sovereign debt concerns are intensifying and the U.S dollar is benefiting from the risk aversion trade that is taking place. USD/CAD has traded to 1.0300 and...
US Dollar vs Canadian Dollar: USD/CAD is closing in on the 1.0200 level again as risk aversion due to European concerns plays out across currency markets. Consolidation of recent moves is ongoing...
US Dollar vs Canadian Dollar: USD/CAD was very quiet off shore but has slowly given back some of Friday’s U.S. dollar gains. North America will be hard pressed to dive into any frenzied activity...
Dealers' desk forex news is provided by OzForex Pty Ltd.
