Insights

Nov 27, 2018
Canadian dollar a bit weaker on Fed’s comments

The U.S. dollar gained on Monday and today against the CAD after Federal Reserve Vice Chair Richard Clarida backed further interest rate hikes but noted the importance of monitoring economic data as the U.S. central bank approached a neutral stance. Even though oil prices have remained stable or even higher and have held onto a […]

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By MoneyWay
Nov 22, 2018
U.S. Thanksgiving, U.S. equity markets closed, Cad a little better

On average the Canadian dollar gains to the USD on Thanksgiving, and today is no exception, the continued strength is a result of investors starting to question how many times the Federal Reserve can raise interest rates in 2019 without risking a slowdown in the U.S. economy, which has held up so far as borrowing […]

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By MoneyWay
Nov 21, 2018
Markets are up, and the Canadian dollar is stronger

Oil prices rose nearly 4 percent on Wednesday, recovering from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply. OPEC, Russia and other non-OPEC producers are considering a supply cut of between 1 million barrels per day (bpd) and 1.4 million […]

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By MoneyWay
Nov 20, 2018
US Dollar Aims Higher on European Turmoil, Fed Outlook Rethink

There have been mixed themes coursing through forex markets so far today. The Euro has come under general pressure, pushing EUR-USD under 1.1430, down from the two-week high posted during the early London interbank session at 1.1473, and EUR-JPY over 60 pips lower from highs to a two-session low at 128.36. The decline has been […]

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By MoneyWay
Nov 19, 2018
Canadian dollar a little weaker, oil prices still low

il prices slid to near $55 a barrel as the dollar strengthened and Russia still stayed on the fence on whether it would commit to more production cuts with its OPEC allies. OPEC ministers are scheduled to meet in Vienna on Dec. 6, with allies from outside the group joining talks the next day. In […]

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By MoneyWay
Nov 16, 2018
USDCAD unchanged, Brexit deal still in the forefront

Currencies traded within a narrow range as mounting uncertainty over Britain’s Brexit deal with the European Union cast a shadow over foreign exchange markets on Friday, with the yen benefiting from demand for currencies deemed safer. Expect a narrow range for the rest of the day.

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By MoneyWay

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