USD/CAD under pressure due to hotter Canadian CPI. Commerz bank : Loonie will continue to struggle to make significant gains against the USD. Oil prices rise as market focus on supply drop from Russia, Libya. The US dollar traded low against the Canadian dollar during Thursday due to upbeat CPA data. The Canadian Consumer [...]
Reports of progress in Russia - Ukraine favors risk-on market mood, weighing on the USD, thus slightly boosting the CAD. An uptick in oil prices underpinned the loonie bulls. Market expect aggressive rate hike in 2022 from Fed and BoC. USD/CAD is trading downside amid reports of progress in peace talks between Russia and [...]
An uptick in crude oil prices underpins the commodity-linked loonie. Markets sentiment remains sour about the lack of progress in the Russia-Ukraine peace negotiations. Jonathan Wilkinson said Canada can help improve global energy security by increasing oil and gas exports following Russia's invasion of Ukraine. The Canadian dollar trades high against the US dollar [...]
Investors bet that commodity producing economies will take up the slack left by disruptions to Russia's exports. The carnage in the oil prices has not impacted much on the loonie. Hopes of strong employment data from Canada underpins the CAD bulls. The Canadian dollar strengthened against its U.S. counterpart on Friday as market now [...]
