MARKET

News & Analysis

Our focus is on helping our clients make better informed trading decisions by providing a balanced and unbiased view of the foreign exchange market.

Loonie gets knocked from its perch as USD bounces back

Loonie gets knocked from its perch as USD bounces back

The loonie is struggling to hold on this morning as the dollar bounces back in G10 FX following last night’s Fed meeting. The Canadian dollar is down almost half a percentage point against its US counterpart, falling from its recent highs.

read more
Loonie still trades with G10 

Loonie still trades with G10 

The loonie is up 0.19% this morning against the dollar, following the likes of EUR and NOK, while oil markets have bounced back to $41.20 ahead of this afternoon’s DoE crude inventory release.

read more
Loonie continues to take cues from broad dollar weakness

Loonie continues to take cues from broad dollar weakness

The loonie has continued its positive momentum in this morning’s session as broad dollar weakness continues in markets. The Canadian dollar is up over 1.3% this week as things stand, while WTI is trading back up above $42 a barrel, its highest level since early March.

read more
CAD takes cues from USD move as inflation ticks up

CAD takes cues from USD move as inflation ticks up

The Canadian dollar continues to focus on how its US counterpart trades this morning as its rally stops short despite a positive inflation read. Higher shelter, gas and elevated food prices helped the headline CPI index rebound from negative territory in June, posting a 0.7% YoY rise vs -0.4% in May.

read more
Loonie finally breaks range as USD gets routed

Loonie finally breaks range as USD gets routed

After 27 consecutive trading sessions stuck in a 1.7% range, USDCAD finally broke out to the downside on broad USD weakness. Two securities the loonie closely follows, US equities and oil prices, both rose too as the dollar sold-off within FX markets.

read more
Stay informed of movements in the currency markets

Receive a daily morning report on the latest developments driving the FX markets with news and analysis from our team of renowned markets analysts.

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.
e-mail

Simon Harvey

Simon Harvey

FX Market Analyst

e-mail

Olivia.Alvarez

Olivia Alvarez

FX Market Analyst

e-mail