Apr 02, 2024
CAD With yet more signs of economic resilience in the US, it was unsurprising to see the loonie outperform on Monday, with only the Japanese yen posting a better performance amongst G10 FX as investors remain cautious over potential intervention. Even so, the loonie...
Mar 28, 2024
CAD USDCAD starts the day once again trading towards the top of recent ranges, but still unable to build sufficient momentum to sustain an upside breakout. While arguably Governor Waller’s comments overnight should have provided ammunition to price in further...
Mar 27, 2024
CAD Even in spite of an intervention by the BoC’s Rogers yesterday, USDCAD still found itself ending the day broadly where it started, with only muted volatility in the pair. In terms of Rogers comments on monetary policy, she largely echoed Mackelm’s prior remarks...
Mar 26, 2024
CAD USDCAD has started the new week treading water, sliding marginally on Monday with limited newsflow offering little direction for the pair. Even this, however, is worthy of note. Despite a decent move higher for oil on Monday, CAD arguably underperformed, posting...
Mar 25, 2024
CAD Even in spite of the BoC’s hawkishness, USDCAD continues to flirt with year-to-date highs. As we have previously noted, we think the loonie should be trading softer against the dollar in light of fundamentals, meaning that we are inclined to view risks heading...
Mar 22, 2024
CAD After initially threatening to continue Wednesday’s selloff, USDCAD reversed course yesterday’s morning to ultimately finish the day up 0.3%. The move higher for the pair largely reflected the broader rally for the dollar, coming as traders continued to digest...
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