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Today's Forex News

USD/CAD falls to near 1.3650 due to improved risk appetite, improved WTI price

USD/CAD has extended losses for the second successive session, trading around 1.3640 during the Asian hours on Wednesday. The decline of the pair could be attributed to the weaker US Dollar (USD) as investors digested higher-than-expected US Producer Price Index data for April while awaiting the Consumer Price Index report scheduled for Wednesday.FX Street2024-05-15

Pound Canadian Dollar Muted despite Lacklustre UK Unemployment

At the time of writing GBP/CAD traded at around CA$1.7148, virtually unchanged from Monday's opening rate. The Pound (GBP) drifted lower against the majority of its peers on Tuesday as it was undermined by the release of the UK's latest jobs report.ExchangeRates2024-05-15

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats After Inflation Report

U.S. dollar is under pressure as traders bet that Fed may start cutting rates.FXEmpire2024-05-15

USD/CAD recovers soft US Inflation-induced losses from 1.3600

The USD/CAD pair rebounds sharply after falling to near the round-level support of 1.3600 in Wednesday's New York session. The Loonie asset recovers as poor Canadian Manufacturing Sales data weakens the Canadian Dollar.FX Street2024-05-15

EUR/USD – USD/JPY – USD/CAD Technical Analysis Overview ahead of US CPI and Retail Sales

The core CPI, which excludes Energy and food products, came in at 3.8% in March, slightly higher than 3.75% in February 2004. The uptick was mainly driven again by a rise in the cost of services.Action Forex2024-05-15

USDCAD is at a key support zone ahead of the US CPI

Yesterday, the USD weakened across the board following the US PPI release where the data came in line with expectations. The reaction showed that the market is eager to buy risk assets and that even little signs of better inflation figures can trigger a positive risk sentiment.Forex Live2024-05-15

Additional News:



Currency Exchange Melita - FAQ

Currency exchange in Melita is limit to banks or credit unions, kiosks and dealers. Shopping around for currency exchange service if the exchange amount is over $500 Canadain for most customers. Make sure to compare rate at the same time, ask fee structure beside exchange and inquire about time frame to settle the fund.

Each currency exchange dealers, which include banks, credit unions and other dealers, offer similar but different rate. The difference is getting more significantly, when the exchange amount is getter larger, such as over $10,000 Canadian dollar. Shop around is still the best way to get the best currency exchange rate. Please make sure when you compare the rate, ask when the money will be available, what is other fees. The general idea is the more convenient locaiton, the worse rate applied.

Melita is a town located in the southwestern corner of the Canadian province of Manitoba. It is surrounded by the Municipality of Two Borders and occupies a bend of the Souris River. The population at the 2016 census was 1,042.[1] It sits at the junction of Highways 3 and 83, approx. 320 km southwest of Winnipeg. Melita is known as the "Grasslands Bird Capital of Manitoba"[2] and is located in Manitoba's banana belt.

Evidence of First Nations habitation in the area includes the Linear Mounds Archaeological Site and the Brockinton Archaeological Site, which have provided artifacts dating back to 800 A.D.[3] The site has been designated a National Historic Site of Canada.[4]Charles West was the first recorded European settler, in 1879.[5] The early inhabitants chose the name "Melita" for the town after hearing a Bible reading (Acts 28:1) about St. Paul's shipwreck on the island of Malta (Melita is an older name for the island).

Historical Forex News

USD/CAD Price Analysis: Stuck in tight range below 1.3700

The USD/CAD pair stays on sidelines below the round-level resistance of 1.3700 in Tuesday's European session. The Loonie asset consolidates as investors await the release of the United States Producer Price Index (PPI) and the Consumer Price Index (CPI) data for April, which will be published at 12:30 GMT and on Wednesday, respectively.FX Street2024-05-14

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Lower As Powell Sends Dovish Signals

Fed Chair Powell noted that PPI data was mixed and pointed to revisions of the March report.FXEmpire2024-05-14

USD/CAD holds positive ground above 1.3650, focus on Fedspeak

USD/CAD holds positive ground above 1.3650, focus on FedspeakFX Street2024-05-13

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Forecast: Weekly Losses to be Recovered?

Subsequently, the exchange rate rebounded but nevertheless closed the week with losses. At the time of writing, GBP/CAD was trading at C$1.7094 - almost 0.4% below last week's closing levels.ExchangeRates2024-05-13

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Losing Ground At The Start Of The Week

The American currency is moving lower as traders wait for catalysts.FXEmpire2024-05-13

USD/CAD retreats from 1.3700 as US Dollar falls sharply, US Inflation in focus

The USD/CAD pair falls back sharply while attempting to recapture the round-level resistance of 1.3700 in Monday's American session. The Loonie asset comes under pressure as the US Dollar falls sharply due to firm speculation that the Federal Reserve (Fed) will start reducing interest rates from the September meeting.FX Street2024-05-13

USD/CAD advances to near 1.3700 as US Dollar remains firmer

The USD/CAD pair edges higher to near 1.3690 during the Asian trading hours on Friday. The upward correction in the US Dollar (USD) supported the pair, which could be attributed to the hawkish sentiment surrounding the Federal Reserve (Fed) to keep higher interest rates for an extended period.FX Street2024-05-10

Technical Analysis – USDCAD slips beneath 20-day SMA

Technically, the MACD oscillator is holding beneath its trigger line in the positive area; however, the RSI is weakening and is moving horizontally near the neutral threshold of 50.XM2024-05-10

Pound Canadian Dollar (GBP/CAD) Stumbles as BoE Posts Dovish Rate Hold

At the time of writing, GBP/CAD traded at around CA$1.7096, a fall of roughly 0.3% from Thursday's opening rates. The Pound (GBP) came under pressure on Thursday in the wake of the latest interest rate decision from the Bank of England.ExchangeRates2024-05-10

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Away From Session Highs

U.S. dollar is swinging between gains and losses as traders react to the disappointing Michigan Consumer Sentiment report.FXEmpire2024-05-10

USD/CAD falls sharply to 1.3630 as strong Canadian Employment numbers

The USD/CAD pair faces a sharp sell-off to 1.3630 in Friday's early New York session as Statistics Canada has posted strong Canadian Employment data. The agency showed that the employers hired 90.4K job-seekers in April, significantly higher than the consensus of 18K.FX Street2024-05-10

USD/CAD Price Analysis: Stays on sidelines above 1.3700

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3700 in Thursday's European session after correcting from its weekly high of 1.3760. The Loonie asset struggles for direction as the firm US Dollar keeps the downside supported, while strength in the Canadian Dollar due to a sharp recovery in the Oil price restricts the upside.FX Street2024-05-09

GBP/USD Bulls Struggle While USD/CAD Regains Strength

On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2635 zone. The British Pound traded below the 1.2550 support to move into further a bearish zone against the US Dollar.Action Forex2024-05-09

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Lower As Initial Jobless Claims Jump To 231,000

Signs of job market weakness may force the Fed to be less hawkish, which is bearish for the American currency.FXEmpire2024-05-09

USD/CAD slumps to 1.3700 on weak US Jobless Claims, recovery in Oil price

The USD/CAD pair falls sharply to the round-level support of 1.3700 in Thursday's early American session. The Loonie asset faces selling pressure due to multiple headwinds such as sharp fall in the US Dollar after higher-than-expected Initial Jobless Claims (IJC) for the week ending May 3 and a strong recovery in the Oil price that strengthens the Canadian Dollar.FX Street2024-05-09

USD/CAD Price Analysis: Extends upside to 1.3750 as US Dollar recovers

The USD/CAD pair advances to the crucial resistance of 1.3750 in Wednesday's European session. The Loonie asset strengthens as the US Dollar recovers losses induced by Federal Reserve (Fed) Chair Jerome Powell's slight less-hawkish guidance on interest rates than expected after the monetary policy decision last week in which he remains leaned towards reducing interest rates this year.FX Street2024-05-08

GBP/CAD Exchange Rate Wavers despite Canadian PMI Strength

At the time of writing GBP/CAD was trading at CAD$1.7181, virtually unchanged from Tuesday's opening rate. The Pound (GBP) was mixed on Tuesday amid a lack of macroeconomic releases in the UK.ExchangeRates2024-05-08

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Some Ground In Choppy Trading

USD/JPY moved above the psychologically important 155.00 level as traders ignored intervention risks.FXEmpire2024-05-08

USD/CAD rebounds above 1.3650 amid firmer US Dollar, lower crude oil prices

USD/CAD rebounds above 1.3650 amid firmer US Dollar, lower crude oil pricesFX Street2024-05-07

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Higher Despite Falling Treasury Yields

U.S. Dollar Index climbed above the 105.00 level as the rebound continued.FXEmpire2024-05-07

Weekly Technical Outlook – USDJPY, GBPUSD, USDCAD

The week ahead will be light in terms of US data releases, but a couple of Fed speakers will be on the wires to comment on monetary policy and perhaps fuel fresh volatility in the greenback. Meanwhile in Japan, the central bank will release the summary of opinions from its April meeting on Thursday, likely providing some insight about the timing of the next rate hike.XM2024-05-07

USD/CAD faces pressure near 1.3700 as US Dollar struggles for firm footing

The USD/CAD pair consistently faces pressure near the round-level resistance of 1.3700. The Loonie asset is broadly sideways around 1.3680 due to the absence of top-tier United States economic data this week.FX Street2024-05-07

USD/CAD remains on the defensive below 1.3700, focus on Fedspeak, Canadian PMI data

USD/CAD remains on the defensive below 1.3700, focus on Fedspeak, Canadian PMI dataFX Street2024-05-06

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Flat Amid Lack Of Catalysts

Forex markets are calm, but USD/JPY continues to rebound after the recent sell-off.FXEmpire2024-05-06

USD/CAD edges down to 1.3650 as US Dollar drops, Oil price rebounds

The USD/CAD pair falls after failing to recapture the crucial resistance of 1.3700 in Monday's early New York session. The Loonie asset slips to 1.3650 due to multiple headwinds: a decline in the US Dollar and a sharp recovery in the Oil price.FX Street2024-05-06

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Forecast: UK Central Bank in Focus

The Pound Canadian Dollar (GBP/CAD) exchange rate was mixed last week amid conflicting data and market volatility. The pairing closed the week at around CAD$1.7151.ExchangeRates2024-05-06

US Dollar Forecast: USD/CAD Ascending Channel Remains Intact

USD/CAD continues to trade within the ascending channel from earlier this year as it rebounds from the 50-Day SMA (1.3611), and the exchange rate may attempt to retrace the decline from the start of the month should it track the positive slope in the moving average.Forexcom2024-05-06

USD/JPY, USD/CAD, AUD/USD key levels into Nonfarm Payrolls (NFP)

The US dollar fell for a second day after the Fed closed the door on any further hikes. And that places today's nonfarm payroll report (NFP) into focus.Forexcom2024-05-03

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Unemployment Rate Rises To 3.9%

The Non Farm Payrolls report missed analyst expectations, putting additional pressure on the American currency.FXEmpire2024-05-03

USD/CAD falls to near 1.3700 amid higher crude Oil prices, risk-on mood

USD/CAD extends its losses for the second successive day, hovering around 1.3710 during the European session on Thursday. This improved risk appetite supports risk-sensitive currencies like the Canadian Dollar (CAD), consequently, undermining the USD/CAD pair.FX Street2024-05-02

USD/CAD Price Analysis: Holds position above 1.3750 amid resurging bullish sentiment

USD/CAD trades around 1.3780 during the early European hours on Wednesday, hovering within an ascending channel on the daily chart. The 14-day Relative Strength Index (RSI) also positioned above 50, indicating a resurgence of bullish sentiment.FX Street2024-05-01

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back Ahead Of Fed Decision

Forex traders are cautious ahead of the key event of the week.FXEmpire2024-05-01

USD/CAD Price Analysis: Hovers near 1.3700 within the ascending channel

USD/CAD consolidates within the ascending channel on the daily chart, with the 14-day Relative Strength Index (RSI) positioned above 50, indicating a recovery of bullish sentiment. The pair edges higher to near 1.3700 during the European session on Tuesday.FX Street2024-04-30

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Traders Bet On Hawkish Fed

The disappointing CB Consumer Confidence report did not put pressure on the American currency.FXEmpire2024-04-30

USD/CAD rises above 1.3700 as strong US Q1 Employment Cost Index, weak Canadian GDP

The USD/CAD pair rises above the crucial resistance of 1.3700 in Tuesday's early American session. The Loonie asset strengthens as the US Dollar extends recovery after the United States Bureau of Labor Statistics (BLS) reported stronger-than-expected Q1 Employment Cost Index data.FX Street2024-04-30