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Loonie firms as risk appetite improves

Loonie firms as risk appetite improves

The loonie joined most of the G10 currency board yesterday to take its pound of flesh from the US dollar with USDCAD falling 0.15% over the course of the session. Improved risk appetite as both US and Chinese officials signed the narrow trade deal helped the Canadian dollar reverse losses suffered thus far this week.

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BOC survey shows easing trade concerns and rising optimism

BOC survey shows easing trade concerns and rising optimism

CAD The loonie traded flat yesterday, as markets focussed on the impending US-China trade deal and data flow was thin. Crude oil prices saw further declines, with WTI reaching fresh lows for the year, although this did not have a huge impact on CAD. The Bank of...

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Poloz remains neutral on uncertain trade prospects

Poloz remains neutral on uncertain trade prospects

The loonie continued to weaken yesterday against the USD, on the back of corrected WTI oil prices following US-Iran stand down. Comments from Bank of Canada’s Governor ahead of a “fireside chat” in Vancouver yesterday, were aligned to Poloz’s neutral stance of last.

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Loonie retreats on a rapid oil correction

Loonie retreats on a rapid oil correction

The loonie erased all of its gains in the first week of the year, after the de-escalation in the Middle East region dragged down the WTI oil price to its 3-weeks low. The unexpected 1.16 million barrels build up in oil inventories reported by the DOE added to the WTI plunge, firming the pressure on CAD.

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Meet the team

Ranko Berich

Ranko Berich

Head of Market Analysis

Ranko Berich heads up the team of analysts at Monex Canada and Monex Europe. The analysis team provide timely insight and commentary on developments in currency movements and their drivers.
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Simon Harvey

Simon Harvey

FX Market Analyst

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Olivia.Alvarez

Olivia Alvarez

FX Market Analyst

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