USD/CAD Live News

This page provides live coverage and news analysis on the USD/CAD currency pair

Aug. 6, 2020

At 1.3243 Canadian Dollar down to its lowest value in 5 months

Live - Updated 44 minutes ago.

USD/CAD recovered to 1.3285 from 1.3243.

This move comes while some more positive signs for Canadian Dollar are out as New data for United States ISM Non-Manufacturing PMI (Jul) was released Wednesday 2:00 PM comes out at 58.1, beating projections of 55.0 and showing improvement over the preceding figure of 57.1.

Despite this, other data released earlier might suggest a different path as Canada Balance of Trade fall short of the -0.90B projections, with -3.19B and continued its downward trajectory from previous figure of -1.33B.

Positive Canadian Dollar indicators are expected going forward as United States Unemployment Rate is projected to outperform last figure with 10.5%, while it previously stood at 11.1%, figure will be published tomorrow at 12:30 PM.

Traders might want to keep an eye for a setback as Canada Employment Change seems to be pointing downwards with an expected 400.0K while preceding figure was 952.9K, new data will be released tomorrow at 12:30 PM. According to projections Canada Ivey PMI (Jul) are set for a continuation of decline with 57.5 while previous data was 58.2, data will be released tomorrow at 2:00 PM.

Aug. 5, 2020

At 1.3267 Canadian Dollar down to its lowest value in 5 months

(22:00) GMT

USD/CAD drops 59 pips early on and stays at 1.3268 range.

This downslide might be related to financial indicators data published earlier as Canada Balance of Trade fall short of the -0.90B projections, with -3.19B and continued its downward trajectory from previous figure of -1.33B.

Nonetheless, encouraging indicators for Canadian Dollar published earlier when New data for United States ISM Non-Manufacturing PMI (Jul) was released today at 2:00 PM comes out at 58.1, beating projections of 55.0 and showing improvement over the preceding figure of 57.1.

Some optimism can drawn from the fact that United States Initial Jobless Claims is projected to outperform last figure with 1,415K, while it previously stood at 1,434K, data will be released tomorrow at 12:30 PM.

Market will keep its eye on United States FOMC Member Kaplan Speaks set for tomorrow at 2:00 PM. United States Challenger Job Cuts (Jul) set for tomorrow at 11:30 AM.

Aug. 4, 2020

At 1.3323 Canadian Dollar down to its lowest value in 5 months

(22:00) GMT

USD/CAD remains in the 1.3326 range after starting the session at 1.3389 and dropping 62 pips.

This downslide might be related to financial indicators data published earlier as United States API Weekly Crude Oil Stock fall short of the -3.300M projections, with -8.587M and continued its downward trajectory from previous figure of -6.829M.

Nonetheless, encouraging indicators for Canadian Dollar published earlier when United States ISM Manufacturing PMI (Jul) beats expectations of 53.6 with new data release of 54.2. This is also a step forward from the previous data of 52.6. Canada RBC Manufacturing PMI (Jul) released today at 1:30 PM with a figure of 52.9, this is better from previous number of 47.8.

Taking a wider perspective, performance of these other symbols usually suggest a setback for Canadian Dollar as FTSE is trading around 6036.0 after starting the session at 6032.85 (down 0.05%). Aussie/Dollar is trading around 0.7158 (up 22 pips).


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Aug. 3, 2020

Stable day for Canadian Dollar, trading around 1.3387

(22:00) GMT

USD/CAD slides down from 1.34 to 1.3387, taking a 13 pips loss (-0.1%).

This in-between state for Canadian Dollar is reflected by market data published as New data for United States ISM Manufacturing PMI (Jul) was released today at 2:00 PM comes out at 54.2, beating projections of 53.6 and showing improvement over the preceding figure of 52.6. United States ISM Manufacturing Employment (Jul) released earlier shows an improvement to 44.3 from the preceding data of 42.1, but falls short of the projected 48.3. United States Manufacturing PMI fall short of the 51.3 projections, with 50.9 and continued its downward trajectory from previous figure of 49.8.

Meanwhile, mixed performance are seen elsewhere as FTSE is trading around 6032.85 after starting the session at 5897.76 (down 2.29%). Crude went down to 40.77 (23, cents).

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