[Tree] USD/CAD exchange rate, US economic data, risk sentiment, PMI

Version 0.55 (2024-05-23 18:55:31.901000)

updates: USD/CAD rate jumps higher on positive US data

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Version 0.54 (2024-05-21 19:59:26.642000)

updates: USD/CAD forecast, choppiness

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Version 0.53 (2024-05-13 05:54:53.685000)

updates: USD/CAD holds positive ground above 1.3650, Canadian job growth beats expectations

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Version 0.52 (2024-05-09 02:56:26.838000)

updates: USD/CAD rebounds on hawkish Fed officials, higher US Treasury yields

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Version 0.51 (2024-05-06 17:53:56.623000)

updates: Technical analysis of USD/CAD exchange rate

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Version 0.5 (2024-05-01 08:53:06.457000)

updates: Policy outlook divergence between the Federal Reserve and the Bank of Canada

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Version 0.49 (2024-04-29 23:56:39.081000)

updates: Added information about the Canadian dollar opening unchanged from Friday

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Version 0.48 (2024-04-29 22:54:33.105000)

updates: Canadian dollar opens nearly unchanged from Friday

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Version 0.47 (2024-04-20 00:19:56.529000)

updates: Integration of information about geopolitical tensions and the stability of the USD/CAD exchange rate

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Version 0.46 (2024-04-15 09:20:06.442000)

updates: Canadian dollar near 5-month low, US inflation data, Bank of Canada rate cuts, retail sales data, oil prices

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Version 0.45 (2024-04-12 20:21:09.276000)

updates: Canadian dollar under pressure as rate cut odds increase

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Version 0.44 (2024-04-09 16:23:12.658000)

updates: Updates on upcoming events and currency influences

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Version 0.43 (2024-04-08 09:19:35.687000)

updates: Incorporated new information about the USD/CAD forecast based on jobs data

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Version 0.42 (2024-04-06 00:18:38.611000)

updates: Updated exchange rate forecasts for Q2 and Q3 2024

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Version 0.41 (2024-03-20 11:19:25.985000)

updates: Incorporated USD/CAD FX rate prediction for 2024

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Version 0.4 (2024-03-11 10:20:01.245000)

updates: Outlook for USD/CAD exchange rate in March 2024

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Version 0.39 (2024-03-07 11:21:36.371000)

updates: The CAD to USD rate gained 1 cent after the Bank of Canada (BOC) made comments about inflation. The USD/CAD rate fell from 1.35 to 1.34 after the BOC's meeting.

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Version 0.38 (2024-03-07 05:21:29.075000)

updates: Integration of USD/CAD decline and additional information on Federal Reserve Chair Jerome Powell's comments

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Version 0.37 (2024-03-07 00:16:50.200000)

updates: The Bank of Canada holds rates and maintains a hawkish stance

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Version 0.36 (2024-03-06 15:17:58.345000)

updates: Integration of Bank of Canada statement and its impact on the Canadian dollar

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Version 0.35 (2024-03-06 12:19:12.052000)

updates: Integration of new information about the Bank of Canada meeting and the current state of the Canadian dollar

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Version 0.34 (2024-03-04 17:18:46.646000)

updates: Updates on upcoming Bank of Canada rate decision and US Nonfarm Payrolls report

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Version 0.33 (2024-03-02 03:18:49.747000)

updates: Updates on US Core Personal Consumption Expenditure index, Bank of Canada interest rates, and global currency movements

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Version 0.32 (2024-02-29 21:22:05.442000)

updates: The Canadian dollar steadies after GDP beat; falls 1% in February

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Version 0.31 (2024-02-29 12:17:32.361000)

updates: Includes more details about the GDP data and its impact on the Bank of Canada's rate policy

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Version 0.3 (2024-02-29 11:16:28.870000)

updates: Canadian dollar hits 10-week low ahead of GDP release

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Version 0.29 (2024-02-28 16:30:19.954000)

updates: USD/CAD rallies to ten-week high but pulls back on mixed US GDP data

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Version 0.28 (2024-02-27 23:23:04.279000)

updates: Added details about the fluctuations in the USD/CAD pair, lower-than-expected US Durable Goods Orders, and upcoming economic data releases

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Version 0.27 (2024-02-27 18:19:35.470000)

updates: The Canadian dollar remains range-bound due to lack of data

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Version 0.26 (2024-02-27 16:21:15.192000)

updates: USD/CAD pair recovers after US Durable Goods Orders miss expectations

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Version 0.25 (2024-02-27 01:19:35.290000)

updates: USD/CAD pair trading in narrow range ahead of GDP data

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Version 0.24 (2024-02-26 23:20:26.991000)

updates: Traders await key economic data, rate cut expectations pushed back

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Version 0.23 (2024-02-20 18:19:04.390000)

updates: Revised story with additional details on CAD performance and market factors

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Version 0.22 (2024-02-20 17:21:17.290000)

updates: The USD/CAD pair fell after Canadian CPI inflation data

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Version 0.21 (2024-02-20 05:18:46.853000)

updates: The USD/CAD pair is trading above the 1.3500 mark ahead of the release of Canadian CPI data. The pair is supported by a stronger USD, as investors trim their bets on rate cut expectations from the Fed. The US January PPI data showed elevated inflationary pressure, leading to a shift in expectations for interest rate cuts. Canada's January CPI is expected to ease from 3.4% YoY in December to 3.3% in January. The rise of crude oil may cap the upside of the USD/CAD pair, as Canada is the largest oil exporter to the US. The FOMC Minutes and speeches from Fed officials will also be watched for further insight into interest rates. At the time of writing, USD/CAD is trading at 1.3506, gaining 0.12% on the day.

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Version 0.2 (2024-02-19 17:19:39.840000)

updates: New information on the Canadian Dollar's performance and upcoming economic data

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Version 0.19 (2024-02-16 17:18:28.590000)

updates: Updates on US PPI, Canadian CPI, and market expectations

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Version 0.19 (2024-02-16 17:18:28.590000)

updates: Updates on US PPI, Canadian CPI, and market expectations

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Version 0.18 (2024-02-07 15:15:12.439000)

updates: Mixed economic figures, hawkish remarks from Bank of Canada Governor

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Version 0.17 (2024-02-07 09:14:28.481000)

updates: Includes information about the rise in oil prices, hawkish remarks from Bank of Canada Governor Macklem, and the impact on the USD/CAD pair

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Version 0.16 (2024-02-06 22:13:27.124000)

updates: Bank of Canada signals little urgency to cut interest rates, Canadian economic activity expands, Canadian jobs data due on Friday

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Version 0.15 (2024-02-06 21:17:21.336000)

updates: Canadian dollar rebounds as Macklem strikes hawkish tone on rates

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Version 0.14 (2024-02-06 17:17:22.449000)

updates: Mixed Canadian economic figures limit CAD recovery

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Version 0.13 (2024-02-06 00:14:20.041000)

updates: CAD weakened due to hawkish Powell and rising US Treasury yields

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Version 0.12 (2024-01-29 18:30:54.476000)

updates: Updates on Crude Oil markets and upcoming economic data releases

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Version 0.11 (2024-01-24 17:54:04.115000)

updates: USD/CAD surges as US PMI surveys beat expectations

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Version 0.1 (2024-01-24 16:56:02.172000)

updates: Canadian Dollar falls as US PMIs beat expectations

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Version 0.09 (2024-01-23 20:57:17.712000)

updates: Updates on broader market sentiment and housing affordability concerns

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Version 0.08 (2024-01-19 17:48:26.706000)

updates: Added information about the rebound of the Canadian Dollar on Friday due to a rise in Crude Oil prices

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Version 0.07 (2024-01-18 16:50:22.949000)

updates: Markets await impactful data; US economic outlook

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Version 0.06 (2024-01-16 20:16:38.240000)

updates: Updates on CAD performance, US inflation, and Crude Oil

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Version 0.05 (2024-01-12 16:25:19.920000)

updates: Mixed performance of the Canadian Dollar on Friday

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Version 0.04 (2024-01-11 17:19:30.283000)

updates: Updated information on the CAD's performance and upcoming economic data

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Version 0.03 (2024-01-11 01:20:23.416000)

updates: The Canadian Dollar traded in a tight range against the US Dollar as markets await tomorrow's US CPI report. The loonie gained support from an uptick in risk sentiment but faced pressure from sliding crude prices. The US dollar was modestly weaker against major currencies ahead of the CPI release. The headline reading is forecasted to come in at 3.2% YoY. Markets are currently betting on five Fed rate cuts in 2024. Analysts note that lower Fed rates will help the CAD extend recent modest gains. On a technical level, the USD-CAD pair is facing a slowdown of bullish momentum and a technical ceiling is forming near 1.3500. The pair could see a pullback towards December's lows near 1.3200.

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Version 0.02 (2024-01-11 00:17:46.344000)

updates: The Canadian Dollar trades in a tight range ahead of US CPI report for December

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Version 0.01 (2024-01-10 17:15:42.134000)

updates: Information about the impact of US CPI inflation on the Canadian Dollar

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Version 0.0 (2023-11-24 16:42:24.036000)

updates:

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