USD/CAD may experience depreciation as the commodity-linked Canadian Dollar could find support from rising oil prices. The US Dollar exhibited resilience amid increased risk aversion stemming from renewed geopolitical tensions in the Middle East. The US executed a series of third-wave retaliatory strikes on Iranian coastal targets on Wednesday, in response to an Iranian ballistic … Read more
The USD/CAD pair experiences a decline, influenced by the upward movement in oil prices, which bolsters the commodity-linked Canadian Dollar. WTI experiences an uptick as Oman halts loading operations at Mina al Fahal due to an explosion near its single-buoy mooring berths. The US Dollar remains robust as traders assess the implications of a potential … Read more
USD/CAD appreciates as declining oil prices exert pressure on the commodity-linked Canadian Dollar. Oil prices could potentially recover as Iran suspends indirect talks with the United States. The US Dollar strengthens as escalating tensions in the Middle East heighten inflation concerns and lead to expectations of sustained high interest rates from the Federal Reserve. USD/CAD … Read more
USD/CAD remains stable around 1.3785 during the early Asian session on Friday. Traders will pay close attention to reports regarding the ceasefire agreement between the US and Iran. Canada’s GDP is projected to exhibit an annualised growth rate of 1.5% for the first quarter of 2026. The USD/CAD pair is trading in a stable manner … Read more
USD/CAD experiences an upward movement as declining oil prices exert pressure on the commodity-linked Canadian Dollar. WTI declines as US Senator Marco Rubio highlighted indications of a potential US-Iran agreement, while Iranian officials recognised reduced differences. President Trump will officially appoint Kevin Warsh as the chair of the US Federal Reserve this Friday at the … Read more
The USD/CAD pair sees an appreciation as the commodity-sensitive Canadian Dollar encounters difficulties stemming from a minor drop in oil prices. WTI could potentially recover as Trump has issued threats to attack Iran in the coming days to expedite a resolution to the conflict. The US 30-Year Treasury Yield has decreased to 5.180%, following a … Read more
The US dollar experienced a modest rally in the initial phase of Monday’s trading session; however, it appears to be encountering some difficulty maintaining its position above the 1.3750 threshold. This marks the conclusion of a significant resistance range that warrants careful observation. Should the USD/CAD pair maintain its upward trajectory, a test of the … Read more
The USD/CAD pair shows an upward trend as the US Dollar gains strength following the release of robust US Retail Sales data. In April, US Retail Sales recorded a month-over-month rise of 0.5%, exceeding expectations. The Canadian Dollar may appreciate as oil prices rise, driven by optimistic sentiment regarding US-China trade relations. The USD/CAD maintains … Read more
USD/CAD maintains its stability as market participants anticipate the pivotal Trump-Xi summit. Trump and Xi are considering a reduction in tariffs on $30 billion worth of non-sensitive goods, while excluding items deemed essential for national security. The commodity-linked CAD is likely to experience depreciation as declining oil prices diminish demand for Canada’s principal export. USD/CAD … Read more
The USD/CAD pair experiences an upward movement as escalating tensions in the Middle East enhance the appeal of the US Dollar as a safe haven. President Trump is expressing growing frustration over the deadlock in peace negotiations, indicating a possible change in the approach to regional conflict. Increasing oil prices strengthen the CAD while simultaneously … Read more