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Canadian Dollar – Daily Market Updates keep our customers aware of the latest Canadian Dollar exchange rates, charts and rate changes in the major CAD cross currency pairs. This allows you to take advantage of any market moves plus the low margins from our online currency and foreign payment partners to ensure you get the best possible exchange rates deals.

Bubble, Bubble Oil and Trouble

Categories: AUD, CAD, CHF, EUR, GBP, JPY, Markets, News, USD
Oil spills are messy and this latest bout of WTI price declines is no different. The 5.3 percent fall in WTI prices between Monday and Tuesday, talk of a “bear” market and rampant scepticism that Opec production cuts can offset rising production elsewhere are behind the move. Tuesday’s, end of day, API Weekly Crude stocks change data showed a 2.72 million barrels drop in US crude inventories which helped to “stop the bleeding.  View article >

Political Uncertainty Weighs on Sterling Ahead of Queen’s Speech

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) continued to downtrend against the majority of its peers this morning, reaching new multi-month lows as markets remain worried about the political landscape in the UK. With the Queen’s Speech set to outline the government’s legislative plans for the next two years later today, Theresa May is still yet to reach a formal agreement with the DUP to support her party in a minority government, causing some investors to fear that she may not be able to offer the stability she promised. View article >

Canadian Dollar – Tue Jun 20: CAD Up vs MXN, GBP & PHP and Down vs USD, EUR, INR & AUD.

Categories: CAD, Markets, New York Close
Canadian Dollar was down -0.34% against the United States Dollar, down -0.19% against the Euro, up 1.03% against the Mexican Peso, down -0.24% against the Indian Rupee, down -0.08% against the Australian Dollar, up 0.5% against the British Pound Sterling and up 0.09% against the Philippine Peso.
CAD 7 Day Cross-Rate Charts
CAD 7 Day Cross-Rate Charts
Read on for the latest 1-week and 3-month CAD cross rate fluctuations, charts and trends. View article >

“Too Early to Raise UK Rates” says Mark Carney

Categories: AUD, CAD, CHF, EUR, GBP, JPY, Markets, News, NZD, USD
Bank of England Governor Mark Carney said, in reference to the outlook and timing of  UK rate hikes, “ From my perspective, given the mixed signals on consumer spending and business investment, and given the still subdued domestic inflationary pressures, in particular anaemic wage growth, now is not yet the time to begin that adjustment” Sterling tanked, dropping from 1.2756 to 1.2670 which is where it sits in early New York trading. View article >

Pound Nosedives as Carney Remains Committed to Low Interest Rates

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) plummeted against its peers this morning as Bank of England (BoE) Governor, Mark Carney spoke at the Mansion House in London. In his speech Carney reiterated his view that now was not the time for a rate hike and that weak wage growth and the uncertainty of the Brexit negotiations were reason enough to leave rates at a record low, despite growing inflationary pressures. View article >

Canadian Dollar – Mon Jun 19: CAD Up vs EUR, MXN, AUD & GBP.

Categories: CAD, Markets, New York Close
Canadian Dollar starts the week even against the United States Dollar, up 0.46% against the Euro, up 0.36% against the Mexican Peso, even against the Indian Rupee, up 0.3% against the Australian Dollar, up 0.2% against the British Pound Sterling and even against the Philippine Peso.
CAD 7 Day Cross-Rate Charts
CAD 7 Day Cross-Rate Charts
Read on for the latest 1-week and 3-month CAD cross rate fluctuations, charts and trends. View article >

Pound Advances as Brexit Negotiations Finally Begin

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) strengthened against the majority of its peers this morning as today marks the start of formal Brexit negotiations. Markets are hopeful that the start of talks will shed some light on how negotiations are likely to proceed, with investors hoping that recent warnings from businesses and Chancellor Philip Hammond over the economic consequences of Brexit may cause the government to soften its approach. View article >

Canadian Dollar – Fri Jun 16: CAD Up vs USD, INR, GBP & PHP and Down vs MXN & AUD.

Categories: CAD, Markets, New York Close
Canadian Dollar was friday up 0.42% against the United States Dollar, even against the Euro, down -0.24% against the Mexican Peso, up 0.26% against the Indian Rupee, down -0.12% against the Australian Dollar, up 0.24% against the British Pound Sterling and up 0.88% against the Philippine Peso.
CAD 7 Day Cross-Rate Charts
CAD 7 Day Cross-Rate Charts
Read on for the latest 1-week and 3-month CAD cross rate fluctuations, charts and trends. View article >

Bearish Bias For USDCAD

Categories: AUD, CAD, CHF, EUR, GBP, JPY, Markets, News, NZD, USD
The US dollar retreated in overnight markets. The greenback has fallen against the G7 currencies, except against the Japanese yen in a bout of pre-weekend profit taking. The Bank of Japan interest rate decision and policy statement was the story in Asia.  The BoJ left interest rates unchanged, as expected and left the JGB target at 0%.  USDJPY rallied on the news rising from 110.85 to 111.37 where it sat at the New York open. View article >

Pound Boost from Hawkish BoE Fades, New Zealand Dollar Climbs After Strong Manufacturing PMI

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Pound Sterling

GBP/USD 1 Week Chart
Confidence in the Pound strengthened sharply in the wake of the Bank of England (BoE) policy meeting as three policymakers voted in favour of an immediate interest rate hike. A greater split than anticipated, this encouraged investors to pile back into Sterling as a return to tighter monetary policy appeared nearer. However, with one of the hawks set to leave the Monetary Policy Committee (MPC) at the end of the month interest rates are unlikely to rise any time soon. View article >
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