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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.

Canadian Dollar – Mon Mar 20: CAD Up vs MXN and Down vs USD, EUR, INR, AUD & PHP.

The Canadian Dollar starts the week down -0.09% against the United States Dollar, down -0.2% against the Euro, up 0.25% against the Mexican Peso, down -0.27% against the Indian Rupee, down -0.3% against the Australian Dollar, even against the British Pound Sterling and down -0.16% against the Philippine Peso.
CAD Daily Rate Alerts
Read on for the latest 1-week and 3-month CAD cross rate fluctuations, charts and trends. View article >

Pound’s Early Losses Reversed by Rate Hike Speculation

Sterling

GBP/USD 1 Week Chart
An early morning slump in the Pound (GBP) was reversed this morning as markets began to speculate on the possibility of the Bank of England raising interest rates earlier than expected. The dissent of policymaker Kristin Forbes in last week’s policy meeting and expectations that inflation will continue surging this month has prompted economists to forecast that the BoE may hike rates later this year. View article >

Greenback Treading Water

The greenback appears to have treaded water in a very quiet, slightly nervous overnight session.  Yesterday afternoon, a re-hashed comment by US Treasury Secretary Steven Mnuchin supporting a “strong dollar”, lifted the US dollar across the board. Shortly afterwards, the ECB’s Ewald Nowotny, musing about how the central bank could end quantitative easing, said “The American model was to finish bond purchases first, but this model might not transfer well to Europe, then added, “interest rates also wouldn’t have to be increased simultaneously nor to the same extent.” “The ECB could also raise the deposit rate earlier than the prime rate,” Traders only saw the last line, about interest rates rising, and EURUSD soared along with EUR crosses, including EURCAD. View article >

Canadian Dollar – Fri Mar 17: CAD Up vs INR & PHP and Down vs USD, EUR, MXN, AUD & GBP.

The Canadian Dollar is today down -0.12% against the United States Dollar, down -0.14% against the Euro, down -0.1% against the Mexican Peso, up 0.2% against the Indian Rupee, down -0.12% against the Australian Dollar, down -0.69% against the British Pound Sterling and up 0.1% against the Philippine Peso.
CAD Daily Rate Alerts
Read on for the latest 1-week and 3-month CAD cross rate fluctuations, charts and trends. View article >

Pound Rallies after Lone BoE Vote for Rate Hike

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) received an unexpected boost yesterday as a Bank of England (BoE) policymaker broke ranks and voted to raise interest rates in the March meeting. While the monetary policy committee (MPC) ultimately voted 8-1 to leave interest rates unchanged at a record low of 0.25%, the dissent from Kristin Forbes was enough to send markets crazy as she argued that the rapid rise in inflation and strong employment stats were indications that the BoE should be looking to tighten monetary policy. View article >

Canadian Dollar – Thu Mar 16: CAD Up vs USD, EUR, INR, GBP & PHP and Down vs MXN & AUD.

The Canadian Dollar is today up 1.04% against the United States Dollar, up 0.1% against the Euro, down -0.43% against the Mexican Peso, up 0.53% against the Indian Rupee, down -0.43% against the Australian Dollar, up 0.41% against the British Pound Sterling and up 0.65% against the Philippine Peso.
CAD Daily Rate Alerts
Read on for the latest 1-week and 3-month CAD cross rate fluctuations, charts and trends. View article >

Dollar Steady after FOMC Drop

The US dollar was thrashed after the delivered what can best be described as a “doveish rate hike” on Wednesday. That moved had been well-telegraphed by Fed officials well ahead of time which gave rise to expectations for an upward shift in the pace of 2017 rate increases.  It didn’t happen. Traders bailed out of long US dollar positions and the greenback dropped across the G10 currency bloc. View article >

Pound Tumbles Ahead of BoE Rate Decision

Sterling

The Pound (GBP) softened this morning against the majority of its peers as markets await the results of the Bank of England’s (BoE) latest policy meeting. Despite a report from The Times suggesting that the Bank may begin discussing the possibility of a rate hike following the uptick in inflation, most economists forecast that the BoE will announce that interest rates will be kept at record lows today. View article >

Dollar Drifts Down Ahead of FOMC

The US dollar dipped in an active overnight session with data, headlines and today’s FOMC meeting all playing a role. Sterling edged lower in an orderly manner in Asia, falling from 1.2225 to 1.2200. Not so in Europe. GBPUSD crashed and plunged to 1.2111 from 1.2200.  It has struggled to recover. USDJPY was up and down inside a tight 114.58-114.78 range, inching higher in Asia and fading in Europe.  View article >

Canadian Dollar – Wed Mar 15: CAD Up vs USD, EUR, INR & PHP and Down vs MXN, AUD & GBP.

The Canadian Dollar is today up 0.23% against the United States Dollar, up 0.33% against the Euro, down -0.09% against the Mexican Peso, up 0.09% against the Indian Rupee, down -0.27% against the Australian Dollar, down -0.1% against the British Pound Sterling and up 0.23% against the Philippine Peso.
CAD Daily Rate Alerts
Read on for the latest 1-week and 3-month CAD cross rate fluctuations, charts and trends. View article >
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