Exchanging USD/CAD at Home 24/7
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USD CAD exchange only!

USD & CAD accounts required

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120 Adelaide St. W. #R7

Mon. - Wed. 8:30am - 6:30pm

Thu. - Fri. 8:30am - 7pm

Sat. 10am - 4pm

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Currency Exchange Mississauga

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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:

Too Far from You?

Travel to Winnipeg?


Currency Exchange Near Me


Chart below shows a list of currency exchange me when you are at near major interactions of Toronto.




Payments Accepted


Cash
Debit Card
E-transfer
Wire Transfer
Bill Payment (RBC,BMO & Credit Unions Only)

How We Pay Customers

Cash
E-transfer (CAD only)
CAD or USD cheque
CAD or USD wire transfer ($35/wire)
CAD or USD direct deposit (arrive next business day)

Parking Instruction

Parking is $3.50 for 30 minutes. Walk into a steel door beside pay station at P1 level, labeled as PATH. Walk straight through the Sheraton Hotel and keep walking straight to Richmond-Adelaide Centre. We are on the other side of the food court, beside a handicap ramp.

Parking Entrance at 100 Queen St. W.

PATH Entrance inside Parking P1 Level

Walk Straight Through Shearton Hotel

Richmond-Adelaide Centre in PATH

Access Currency Mart

About 2 minutes walk. Walking into the building of 110 Adelaide St. W., take the escalator from the lobby down to Toronto PATH. Turn right at Rexalll drug store and walk stright to foot court. We are inside the food court, beside a handicap ramp.

About 1 minutes walk. Walking into the building of 120 Adelaide St. W., take the escalator behind the security desk down to Toronto PATH, we are 6 shops away on your right hand side, beside a handicap ramp.

About 1 minutes walk. Walking into the building of 130 Adelaide St. W., take the escalator from the lobby down to Toronto PATH. Turn left at Rexall drug store and walk stright to foot court. We are inside the food court, beside a handicap ramp.

About 1 minutes walk. Walking into the building of 85 Richmond St. W., take the escalator down to Toronto PATH, we are on the other side of the food court beside a handicap ramp.

About 1 minutes walk. Walking into the building of 111 Richmond St. W., take the escalator on your left hand side down to Toronto PATH, we are 6 shops away on your right hand side.

About 8 minutes walk. Walk out queen station from south bound platform, turn left walk into the Bay. Turn right in the Bay, and keep walking straight to Thompson building, keep walking straight to Shearton Centre, and turn left. We are 6 shops away on your right hand side.

About 4 minutes walk.

About 8 minutes walk.

Foreign Exchange Reference

Currency Exchange

Currency exchange is changing one currency to another for the purpose of travel, purchase or investment. According to a study of Bank for International Settlements, daily average was more than $6 trillion trading volume. Currency Mart acts as a counter-party to an off-exchange or an over-the-counter forex transaction of cash, financial instruments, futures contracts, options on futures contracts. Currency exchange is a decentralized market and operates 24 hours per day around the globe. London, New York and Tokyo are the three major currency exchange markets and followed by cities of Hong Kong and Singapore. Decentralized market means each currency exchange broker offers its own buy in and sell out exchange rates. The rates are determined based on the demand, inventory and supply of the particular dealer and also the interbank rates at that moment. That is why exchange rates at the same moment are similar, but different broker to broker.

Currency Exchange Market of Canada

Annually, about $600 billion Canadian dollars exchanged to other currencies, over 50% is changed to US dollar and Euro dollar is the second most wanted currency. RBC is the major player in Canadian foreign exchange market. With the other four major banks, banks count 90% of market transaction volume. In addition to banks, large corporations who deal with petroleum or grains conduct massive amount of foreign exchange transactions. Licensed brokers who serve retail clients and small businesses fill up the rest of market gap.

Currency Exchange Market of Toronto

The demand of currency exchange in Toronto is mainly from manufacturing activities, because most manufacturing business sell their products to United States and get paid by us dollars. In addition, purchasing property, vehicle, pay tutition and travel expense are supplements of the currency exchange market in Toronto. In fact, the amount of exchanging USD to CAD is much more than exchanging CAD to USD.

Currency Exchange Rate

Exchange rate is updated every 5 minutes, 24 hours a day, 7 days per week. Each exchange rate comes with 2 expressions, which express the same rate in 2 different ways. Each expression is 4 digits accuracy.

USD CAD

USD CAD exchange is the most important trading currency pair in Canada. The particular currency pair can count up to 50% of transaction volumn for a Canadian urrency exchangec broker. For some province, the precentage is even higher. Currency Mart as a currency exchange dealer, we always keep USD currency in stock for customers demand.

How to Choose a Reputable Foreign Exchange Dealer

Exchange money from a reputable foreign exchange dealer is a way to same money, but the drawback is customers need to find out which foreign exchange dealer is a money saver. This is a little bit easy for people in their own city, but when people in their travel destination city, the answer is not that obvious. Here is a few tips how to find a reputable foreign exchange dealer.

Avoid foreign exchange kiosk at airports, hotels and tourist hotspots

Those foreign exchange kiosks in airports, hotels, and tourist hotspots target tourist as customers and offer convenient but expensive foreign exchange solution. For exchange amount over $500, avoid those kiosks is a better option.

Check google generic search result for foreign exchanger dealers

Google search is really accruate. The No. 1 foreign exchange dealer in the search result is usually the best in that area. Please watch for "ad" symbol, becasue the result with "ad" symbol is a paid search result, not from generic ranking.

Read Google review of the foreign exchagne dealer

Google review is a really useful information tool to let you know the dealer before deal with them. Please read through reviews, especially the negative reviews. Some reviews are faked by business owners but are so easy to identified. The scenario of generic review is so rare, so you can tell this was real happened when you read it.

Call dealer before you go.

Talk to the dealer which you would like to deal with. Get the answers about exchange rate, payment accepted, denominations available.

Service Area

Currency Exchange Yonge and Adelaide

Currency Exchange Toronto Downtown Currency Mart is about 2 blocks west of Yonge and Adelaide, right at the interaction of York and Adelaide.

Located at the center of Toronto financial core, Currency Exchange Toronto Downtown Currency Mart services people who works in office building north of the Union Station, west of Yonge St., east of University Ave. and south of Dundas St.

In addition to working population, our downtown location also the first choice for residents of waterfront community, west of University Ave.

Currency Exchange Businesses near Yonge and Adelaide

  • Ebix Cash
  • Wall Street Finance
  • Currency Mart

Yonge and Adelaide Currency Exchange Customers

Most customers from this area are working populations in the fields of finaace, law, accounting.

Yonge and Adelaide Currency Exchange Amount

From a few hundreds to a few thousands.

Yonge and Adelaide Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Eaton Centre

Currency Exchange Toronto Downtown Currency Mart is about 2 blocks west, 1 block south of Eaton Shopping Centre, right at the interaction of York and Adelaide.

Located at the center of Toronto financial core, Currency Exchange Toronto Downtown Currency Mart services people who visit Toronto downtown.

Currency Exchange Businesses in Eaton Centre

  • Calforex

Eaton Centre Currency Exchange Customers

Tourists

Yonge and Adelaide Currency Exchange Amount

Up to a few hundreds.

Eaton Centre Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Yonge and Dundas

Currency Exchange Toronto Downtown Currency Mart is about 2 blocks south of Yonge and Dundas, 2 blocks west of Yonge and Adelaide.

Located in Richmond-Adelaide Centre, Currency Exchange Toronto Downtown Currency Mart services tourist who shop near Eaton Shopping Centre area.

In addition to tourists, our downtown location also the first choice for residents of Yonge St.

Currency Exchange Businesses near Yonge and Dundas

  • Interchange Financial

Yonge and Dundas Currency Exchange Customers

Most customers from this area are tourists and mixed with some working people, local residents and international students

Yonge and Dundas Currency Exchange Amount

A few hundreds

Yonge and Dundas Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Yonge and College

Currency Exchange Toronto Downtown Currency Mart is about 3 blocks south of Yonge and College, 2 blocks west of Yonge and Adelaide.

International students are our major customers. We are on their way between school and home.

Currency Exchange Businesses near Yonge and College

  • College Currency Exchange

Yonge and College Currency Exchange Customers

Most customers from this area are international students

Yonge and College Currency Exchange Amount

A few thousands.

Yonge and College Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Yonge and Bloor

Currency Exchange Toronto Downtown Currency Mart is about 4 blocks south of Yonge and College, 2 blocks west of Yonge and Adelaide.

Currency Exchange Businesses near Yonge and Bloor

  • York Currency Exchange

Yonge and Bloor Currency Exchange Customers

Most customers from this area are local residents

Yonge and Bloor Currency Exchange Amount

Thousands to 100K

Yonge and Bloor Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Yonge and St. Claire

Currency Exchange Toronto Downtown Currency Mart is about 5 blocks south of Yonge and College, 2 blocks west of Yonge and Adelaide.

Currency Exchange Businesses near Yonge and Dundas

There is no currency exchange business establishment in this area. The best option is toronto downtown and the closest option is Yonge and Bloor

Yonge and St. Claire Currency Exchange Customers

Most customers from this area are local residents.

Yonge and St. Claire Currency Exchange Amount

Thousands to 100K

Yonge and St. Claire Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

The Comprehensive Guide to Currency Exchange in Mississauga

Currency exchange is an essential service for businesses, travellers, and anyone dealing with international transactions. If you're located in Mississauga, you're in luck! With a plethora of trustworthy and competitive currency exchange services, Mississauga is a hub for financial transactions in the Greater Toronto Area. This article is your comprehensive guide to navigating the currency exchange landscape in Mississauga.

Before delving into the specifics of Mississauga's currency exchange services, it's worth understanding the importance of currency exchange. It's not just about trading one currency for another; it's about the rate at which you do it. The exchange rate can significantly impact how much value you receive, especially for larger transactions. That's why finding a reliable currency exchange provider with competitive rates in Mississauga is crucial.

Mississauga, being one of Canada's largest cities, is home to numerous financial institutions and independent currency exchange providers. Whether you're looking for large banks like Royal Bank of Canada (RBC) and Toronto-Dominion Bank (TD), or independent providers like Continental Currency Exchange or Calforex, Mississauga has you covered.

Banks in Mississauga offer the convenience of having multiple services under one roof. If you're already a customer, you can easily access their currency exchange services. However, it's important to note that banks may not offer the best rates compared to independent providers. Banks typically add a margin to the interbank exchange rate, which can result in less favourable rates.

Independent providers, on the other hand, are known for their competitive rates. They specialize in currency exchange, providing more variety of currencies and often better rates than banks.

In the age of digital technology, you can also opt for online currency exchange services. These platforms often provide competitive rates and the convenience of exchanging currency from the comfort of your home.

To get the most value from your currency exchange in Mississauga, it's important to compare rates. While some might offer a low service fee, their rates might not be the most competitive. Conversely, some may offer excellent rates but have high service charges. Consider both factors when choosing your provider.

Currency exchange in Mississauga is a diverse and competitive landscape. Whether you prefer traditional banks, independent providers, or online platforms, there's a solution that fits your needs. Remember to compare rates and service charges to ensure you're getting the most value for your money. With the right provider, currency exchange in Mississauga can be a smooth and beneficial process.

Currency Exchange Mississauga

Currency exchange is an essential service for anyone travelling to foreign countries or sending money overseas. It is also an important service for businesses engaged in international trade. Mississauga is a diverse city with a large population of immigrants and international students, making currency exchange a crucial service in the area. In this article, we'll provide you with a comprehensive guide to currency exchange in Mississauga, including where to find the best rates, what to look for in a currency exchange provider, and tips for exchanging currency safely.

Why Choose a Currency Exchange Provider in Mississauga? Mississauga is home to many currency exchange providers, including banks, exchange offices, and online platforms. Here are some reasons why you should choose a currency exchange provider in Mississauga:

  • Competitive exchange rates: With so many providers in the area, you're likely to find a competitive exchange rate that suits your needs.
  • Convenience: Many currency exchange providers in Mississauga are located in central areas, making them easily accessible to residents and visitors.
  • Expertise: A reputable currency exchange provider in Mississauga will have experienced staff who can offer advice and assistance with your currency exchange needs.

Where to Find the Best Rates for Currency Exchange in Mississauga When it comes to finding the best rates for currency exchange in Mississauga, there are several options available:

  • Banks: Most banks offer currency exchange services, but their rates may not be as competitive as other providers.
  • Exchange offices: There are many exchange offices located throughout Mississauga, and they often offer more competitive rates than banks. It's important to do your research and compare rates before choosing an exchange office.
  • Online platforms: There are several online platforms that offer currency exchange services, including TransferWise, XE, and OFX. These platforms often offer competitive rates and can be a convenient option for those who prefer to exchange currency online.

What to Look for in a Currency Exchange Provider in Mississauga When choosing a currency exchange provider in Mississauga, there are several factors to consider:

  • Exchange rates: Look for a provider that offers competitive rates. It's important to compare rates between providers to ensure you're getting the best deal.
  • Fees: Some providers may charge additional fees for their services, such as transaction fees or commission fees. Be sure to ask about any fees before exchanging currency.
  • Reputation: Choose a reputable currency exchange provider with a history of good customer service and a track record of providing reliable exchange services.
  • Convenience: Look for a provider that is conveniently located and has flexible hours of operation.

Tips for Exchanging Currency Safely in Mississauga

Exchanging currency can be risky, especially if you're dealing with a provider that you're not familiar with. Here are some tips for exchanging currency safely in Mississauga:

  • Do your research: Before choosing a currency exchange provider, do your research and read reviews from other customers. This can help you avoid fraudulent providers.
  • Don't exchange currency on the street: It's not uncommon to see people exchanging currency on the street in Mississauga, but this can be risky. Stick to reputable providers with a physical location.
  • Be aware of scams: Some fraudulent providers may offer rates that are too good to be true or ask for personal information such as your passport or social insurance number. Be wary of any provider that asks for this information.
  • Check the exchange rate: Before exchanging currency, check the current exchange.
  • Continental Currency Exchange: Continental Currency Exchange has been providing foreign exchange services in Canada since 1985. They offer over 160 currencies, including exotic currencies, and have 19 branches across Canada. They claim to offer competitive exchange rates and charge no commission or fees. They also offer online services for those who prefer to exchange currency remotely.
  • Calforex Currency Exchange: Calforex Currency Exchange is a Canadian-owned and operated company that has been providing currency exchange services since 1983. They have four locations in Mississauga and offer over 100 currencies. They claim to offer competitive exchange rates and charge no commission or fees.
  • Global Currency Services: Global Currency Services has been providing foreign exchange services since 2007 and has three locations in Mississauga. They offer over 80 currencies and claim to offer competitive exchange rates. They charge a commission fee of $2.99 per transaction, but offer a loyalty program for frequent customers.
  • Ultimate Currency Exchange: Ultimate Currency Exchange has been operating in Canada since 2006 and has 11 locations across Ontario, including two locations in Mississauga. They offer over 90 currencies and claim to offer competitive exchange rates with no commission or fees. They also offer online currency exchange services.
  • Bank of Montreal: The Bank of Montreal (BMO) is one of Canada's largest banks and offers currency exchange services to its customers. They offer over 50 currencies and claim to offer competitive exchange rates. However, their exchange rates may not be as competitive as other providers, and they may charge additional fees for their services.

Overall, all of these currency exchange dealers offer competitive exchange rates and convenient locations in Mississauga. The main differences between them are the number of currencies they offer, whether they charge commission or fees, and whether they offer online currency exchange services. It's important to compare rates and fees between providers to ensure you're getting the best deal. Additionally, consider factors such as convenience, reputation, and customer service when choosing a currency exchange dealer in Mississauga.

Negotiating a good exchange rate with foreign exchange dealers can save you money when exchanging currencies. Here are some tips on how to negotiate a good exchange rate:

  • Do your research: Before approaching a foreign exchange dealer, research the current exchange rates for the currencies you want to exchange. This will give you an idea of what to expect and help you determine whether the dealer is offering a fair rate.
  • Shop around: Don't settle for the first foreign exchange dealer you find. Shop around and compare rates from multiple dealers to find the best deal.
  • Negotiate: Once you've found a foreign exchange dealer you're interested in working with, try negotiating for a better rate. Start by asking if they can offer a better rate than the one they've quoted you. Be polite but firm in your negotiations, and be prepared to walk away if the dealer isn't willing to negotiate.
  • Consider the amount you're exchanging: Some foreign exchange dealers may be willing to offer a better rate if you're exchanging a large amount of currency. If you have a significant amount of currency to exchange, it may be worth mentioning this to the dealer and asking if they can offer a better rate.
  • Be aware of additional fees: Some foreign exchange dealers may offer a seemingly good exchange rate, but then add additional fees or charges that can significantly increase the cost of the transaction. Be sure to ask about any additional fees or charges and factor these into your negotiations.
  • Build a relationship: If you plan to exchange currencies regularly, consider building a relationship with a foreign exchange dealer. Over time, they may be more willing to offer you better rates as a loyal customer.

In conclusion, negotiating a good exchange rate with foreign exchange dealers requires research, shopping around, negotiation skills, consideration of the amount being exchanged, awareness of additional fees, and potentially building a long-term relationship with the dealer. By following these tips, you can save money when exchanging currencies.

Mississauga is a vibrant and diverse city located in the province of Ontario, Canada. It is the sixth-largest city in Canada, with a population of over 700,000 people. The city is situated on the shores of Lake Ontario and is a hub for business, culture, and entertainment. In this article, we will explore the history, culture, and attractions that make Mississauga a unique and exciting place to visit and live.

History

Mississauga has a rich and fascinating history that dates back to the indigenous peoples who lived in the area for thousands of years before the arrival of European settlers. The Mississaugas of the Credit First Nation are the indigenous people who traditionally inhabited the region.

In the early 1800s, the British government began to encourage settlement in the area, and European settlers arrived to farm the land and establish communities. The first European settlement in the area was known as Port Credit, which was founded in 1805.

In 1968, the city of Mississauga was officially incorporated, and it has grown rapidly since then. Today, Mississauga is a bustling city with a diverse population that reflects its rich history and culture.

Culture

Mississauga is known for its vibrant and diverse culture. The city is home to a wide range of ethnic communities, including Chinese, South Asian, and Middle Eastern communities, among others. This diversity is celebrated through events such as the Mississauga Waterfront Festival, which features food, music, and cultural performances from around the world.

Mississauga is also home to a thriving arts and culture scene. The Living Arts Centre is a cultural hub that features performances by local and international artists, as well as visual art exhibitions and workshops. The Art Gallery of Mississauga is another popular cultural destination that showcases contemporary Canadian art.

Attractions

Mississauga is home to a range of attractions that draw visitors from across the region. Here are just a few of the top attractions in the city:

  • Square One Shopping Centre: Square One is the largest shopping centre in Ontario and features over 360 stores, restaurants, and services. It is a popular destination for shoppers from across the region.
  • Celebration Square: Celebration Square is a public square located in the heart of Mississauga. It features a large stage, a fountain, and a skating rink, and is a popular venue for outdoor concerts and festivals.
  • Port Credit: Port Credit is a historic village located on the shores of Lake Ontario. It is known for its charming shops, restaurants, and cafes, as well as its scenic waterfront.
  • Mississauga Civic Centre: The Mississauga Civic Centre is home to the city's municipal government and is a modernist building that features a distinctive clock tower. It is a popular destination for architecture enthusiasts.
  • Hershey Centre: The Hershey Centre is a multi-purpose sports and entertainment venue that hosts a range of events, including hockey games, concerts, and trade shows.
  • Kariya Park: Kariya Park is a Japanese-style garden located in the heart of Mississauga. It features a pond, a waterfall, and a range of plants and trees that reflect Japanese design and culture.
  • University of Toronto Mississauga: The University of Toronto Mississauga is a vibrant campus that offers a range of programs and services to students. It is home to over 14,000 students and is known for its innovative research and teaching.

Mississauga is a dynamic and diverse city that offers something for everyone. Whether you're interested in shopping, culture, or outdoor activities, there are plenty of attractions and events to enjoy in Mississauga. The city's rich history and cultural diversity are reflected in its arts and culture scene, and its vibrant

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