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Today's Forex News

Technical Analysis – USDCAD eases after aggressive rally to 1.3845

USDCAD rallied towards the 1.3845 high and completed the seventh consecutive green day on Thursday following the bounce off the 200-day simple moving average (SMA) near 1.3600. The pair climbed above the medium-term trading range, suggesting more gains may be on the cards.XM2024-07-26

USD/CAD holds losses around 1.3800 after retreating from eight-month highs

USD/CAD breaks its winning streak that began on July 17, trading around 1.3810 during the Asian session on Friday. The pair retreated from an eight-month high of 1.3849, a level recorded on Thursday.FX Street2024-07-26

Dovish BoC Tilt: Pound Canadian Dollar Exchange Rate Wobbles near Multi-Month High

At the time of writing GBP/CAD was trading at CAD$1.7817, close to a three-and-a-half year high, and virtually unchanged from Thursday's opening rate. The crude-driven Canadian Dollar (CAD) struggled to attract investor support on Thursday in the wake of the Bank of Canada's (BoC) monetary policy meeting.ExchangeRates2024-07-26

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As PCE Index Meets Estimates

Falling Treasury yields put additional pressure on the U.S. dollar.FXEmpire2024-07-26

USD/CAD: To remain close to its recent lows – Scotiabank

The Canadian Dollar (CAD) is slightly firmer on the session and while it remains down (0.6%) on the week versus the US Dollar (USD), it remains a clearly better performer overall than its close commodity peers (AUD and NZD are both down nearly 2%), Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-07-26

USD/CAD Rally Pauses: Awaiting Next Correction

The USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction.Action Forex2024-07-26

Additional News:

USD/CAD Price Analysis: Reaches critical point at ceiling of three-month range

USD/CAD has risen to the top of the range it has been trading in since the middle of April. It is at a critical point – a decisive breakout higher would signal a new uptrend; a reversal, however, might signal the continuation of the sideways trend it has been in for the last over three months.FX Street2024-07-26


Currency Exchange Dauphin - FAQ

Currency exchange in Dauphin 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.

Dauphin (French for "heir to the French throne", see Dauphin of France) is a city in Manitoba, Canada, with a population of 8,457 as of the 2016 Canadian Census, with an additional 2,388 living in the surrounding Rural Municipality of Dauphin, for a total of 10,845 in the RM and City combined.[2] Dauphin is Manitoba's 9th largest community and serves as a hub to the province's Parkland Region.[3] The current mayor of Dauphin is Allen Dowhan. Conservative Robert Sopuck has been the member of Parliament for the Dauphin—Swan River—Marquette riding since November 2010. Progressive Conservative Brad Michaleski is the current member of the Legislative Assembly. Dauphin plays host to several summer festivals, including Dauphin's Countryfest and Canada's National Ukrainian Festival. Dauphin is known as the "Garden Capital of Manitoba." Dauphin is served by Provincial Trunk Highways 5, 10 and 20 and is surrounded by the Rural Municipality of Dauphin.

The nearby lake was given the name "Dauphin" by the explorer Pierre Gaultier de Varennes, sieur de La Vérendrye in 1741 in honour of the heir to the French throne.[4] Settlers began arriving in the area in 1883 and two early settlements, Gartmore and "Old Dauphin" were established.[5] With the coming of the railway in 1896 – the line ran roughly halfway between the two villages – settlement shifted to the present site. This coincided with the beginning of Ukrainian settlement in the area: previously most arrivals had been of British extraction.Dauphin was granted a village charter on July 11, 1898, with George Barker as first mayor.[6] In 1901 Dauphin was incorporated as a town, with George King as mayor.[7] Dauphin became an important centre for the transportation of grain. Farming still plays a central role in the economy of the area, but its role has been greatly reduced. From 1974–1979, a federally funded pilot project called Mincome provided a Basic income guarantee to residents of Dauphin.[8]Dauphin was incorporated as a city in 1998.

As the largest city within the Parkland, Dauphin has a trading area of over 50,000 people.[9] A large part of Dauphin's economy is based on agriculture, with farms in this area of the province producing grains, oilseeds, honey and livestock. Dauphin is the home to various industries including manufacturing, health care, education, recreation/tourism and retail.[10] The Canadian distribution centre for Norwex is also located in the city.

Historical Forex News

USD/CAD stands tall near three-month peak, above 1.3800 as traders look to US Q2 GDP

The USD/CAD pair builds on its recent upward trajectory witnessed over the past two weeks or so and continues to gain traction for the seventh successive day on Thursday. This also marks the tenth day of a positive move in the previous eleven and lifts spot prices to the highest level since April 17, around the 1.3820 region during the Asian session.FX Street2024-07-25

USD/CAD moves above 1.3800, maintains position near 14-week highs

USD/CAD continues its winning streak that began on July 17, trading around 1.3820, reaching 14-week highs during the European session on Thursday. The Canadian Dollar (CAD) faced challenges as the Bank of Canada (BoC) lowered interest rates by 25 basis points to 4.5% for the second consecutive meeting on Wednesday, citing progress in reducing inflation.FX Street2024-07-25

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Flat Despite Strong GDP Data

The encouraging GDP Growth Rate report did not provide sufficient support to the American currency.FXEmpire2024-07-25

USD/CAD posts fresh eight-month high near 1.3850 after robust US GDP growth

The USD/CAD pair refreshes an eight-month high near 1.3850 in Thursday's New York session. The Loonie asset strengthens as the US Dollar (USD) has bounced back strongly after upbeat United States (US) Q2 Gross Domestic Product (GDP) growth.FX Street2024-07-25

Elliott Wave Analysis: USDCAD Turning Upside from Sideways

Hello traders, welcome to a new blog post. Today, we will discuss USDCAD as the pair is set to break out of a range that has lasted over two years.Action Forex2024-07-25

USD/CAD stays on sidelines near 1.3800 with BoC policy meeting in focus

The USD/CAD pair trades in a tight range near the round-level figure of 1.3800. The Loonie asset consolidates as investors shifts to the sidelines with focus on the Bank of Canada's (BoC) monetary policy meeting scheduled for 13:45 GMT.FX Street2024-07-24

BoC to cut rates again; USD/CAD set for further gains

BoC is widely anticipated to cut its interest rate by 25bps to 4.50% today, the second reduction in a row. This expectation is strongly backed by financial markets, which are pricing in nearly a 93% probability.Action Forex2024-07-24

Pound Canadian Dollar (GBP/CAD) Exchange Rate Weakens, Then Rebounds

At the time of writing, GBP/CAD is trading at C$1.7777, virtually unchanged from opening levels. The Pound (GBP) was subdued at the start of the week, as a lack of domestic data left traders to mull over last week's disappointing retail statistics.ExchangeRates2024-07-24

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As Manufacturing PMI Drops Below 50

The yield of 2-year Treasuries tested multi-month lows, putting additional pressure on the American currency.FXEmpire2024-07-24

USD/CAD posts fresh three-month high near 1.3800 as BoC cuts rates again

The USD/CAD pair jumps to a fresh three-month high near the round-level resistance of 1.3800 in Wednesday's American session. The Loonie asset strengthens as the announcement of Bank of Canada's (BoC) subsequent rate cuts has weighed on the Canadian Dollar (CAD).FX Street2024-07-24

USD/CAD: Initial support sits at 1.3760 – Scotiabank

The Canadian Dollar (CAD) is on the defensive ahead of the Bank of Canada (BoC) policy decision, sliding to its lowest in three months against the US Dollar (USD). Oil has snapped 2%+ higher today but that will not alter CAD dynamics significantly, Scotiabank's chief FX strategist Shaun Osborne notes.FX Street2024-07-24

USD/CAD, CAD/JPY forecast: Canadian dollar analysis - July 24, 2024

The CAD/JPY trend has turned negative following this week's big rally in the yen, while the USD/CAD will be in focus with the release of key US data in the coming days.Forexcom2024-07-24

USD/CAD, CAD/JPY forecast: Canadian dollar analysis - July 24, 2024

The CAD/JPY trend has turned negative following this week's big rally in the yen, while the USD/CAD will be in focus with the release of key US data in the coming days.Forexcom2024-07-24

AUD/CAD struggles as impact of interest rate policies sidestepped

Australian Dollar continues to face significant headwinds, largely due to ongoing worries about the Chinese economy—the most significant trading partner. Despite the possibility of RBA raising interest rates while other global central banks are adopting easing policies, this potential policy divergence is currently providing little support for the Aussie.Action Forex2024-07-23

USD/CAD Price Analysis: Bulls retain control above mid-1.3700s, multi-week high

The USD/CAD pair attracts some buyers for the fifth successive day on Tuesday and trades above mid-1.3700s during the Asian session, closer to a six-week peak touched the previous day. FX Street2024-07-23

USD/CAD forecast ahead of the BoC decision, US PCE data

The USD/CAD exchange rate has risen for five consecutive days as investors focus on the upcoming Bank of Canada (BoC) decision and US Personal Consumption Expenditure (PCE) data. It rose to 1.3765 on Tuesday, its highest point since June 14th.Invezz2024-07-23

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

The weaker-than-expected Existing Home Sales report did not put pressure on the American currency.FXEmpire2024-07-23

Canadian Dollar Short-term Outlook: USD/CAD Rally Rips to Resistance

The US Dollar is poised to mark a fifth consecutive daily advance against the Canadian Dollar with a breakout of the July opening-range now testing initial resistance hurdles. The focus is on possible price inflection up here with the immediate advance vulnerable while below this pivot zone.Forexcom2024-07-23

USD/CAD moves higher to near 1.3750 with focus on BoC monetary policy

The USD/CAD pair rises to near 1.3750 in Monday's European after recovering its intraday losses. The Loonie asset strengthens as the Canadian Dollar weakens due to a sharp correction in oil prices and uncertainty ahead of the Bank of Canada's (BoC) interest-rate policy, scheduled for Wednesday.FX Street2024-07-22

Weekly Technical Outlook – USDCAD, Gold, EURUSD

The Bank of Canada will announce its monetary policy on Wednesday. This bank lowered interest rates by 25 basis points at its recent meeting, citing falling inflation and slow economic growth.XM2024-07-22

Weekly Technical Outlook – USDCAD, Gold, EURUSD

The Bank of Canada will announce its monetary policy on Wednesday. This bank lowered interest rates by 25 basis points at its recent meeting, citing falling inflation and slow economic growth.XM2024-07-22

Market Analysis: GBP/USD Trims Gains While USD/CAD Rallies

On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3050 resistance zone. The British Pound started a downside correction and traded below the 1.3010 support zone against the US Dollar.Action Forex2024-07-22

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

Forex markets are calm as traders wait for PMI reports, which will be released later this week.FXEmpire2024-07-22

DXY, EUR/USD, AUD/USD, USD/CAD, Gold, Silver, Oil Technical Outlook

In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), 10yr Treasury Yields, Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Gold (XAU/USD), Silver (XAG/USD), Crude Oil (WTI), S&P 500 (SPX500), Nasdaq (NDX) and the Dow Jones (DJI). These are the levels that matter on the technical charts heading into the weekly open.Forexcom2024-07-22

USD/CAD: May potentially extend to retest the 1.39+ area – Scotiabank

The Canadian Dollar (CAD) is a mild underperformer this morning alongside its commodity cousins (AUD and NZD) which are also booking minor losses on the US Dollar (USD) on the session, Scotiabank's FX analyst Shaun Osborne notes.FX Street2024-07-22

Pound Canadian Dollar Week Ahead Forecast: GBP/CAD Peak?

At the time of writing, GBP/CAD is trading at C$1.7732, approximately 0.2% higher than seven days prior. The Pound (GBP) trended broadly sideways on Monday and Tuesday, but spiked last Wednesday as UK inflation exceeded forecasts.ExchangeRates2024-07-22

Technical Analysis – USDCAD advances within trading range

According to technical oscillators, the stochastic oscillator is pointing upward in the overbought region, while the RSI is rising, crossing above the neutral threshold of 50.XM2024-07-19

USD/CAD: A sustained break above 1.3720 to strengthen the USD – Scotiabank

The Canadian Dollar (CAD) has slipped a little in overnight trade, Scotiabank's chief FX strategist Shaun Osborne notes.FX Street2024-07-19

USD/CAD jumps to near 1.3750 as Canadian Retail Sales contracts sharply

The USD/CAD pair climbs to near 1.3750 in Friday's American session. The Loonie asset strengthens as weak Canadian Retail Sales for May add to triggers pointing to subsequent rate cuts by the Bank of Canada (BoC), and the US Dollar (USD) strengthens on expectations that Donald Trump will win the United States (US) presidential elections.FX Street2024-07-19

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Rebound Continues

The American currency is moving higher ahead of the weekend, supported by rising Treasury yields.FXEmpire2024-07-19

USD/CAD depreciates to near 1.3650 due to dovish sentiment surrounding the Fed

USD/CAD retraces its recent gains from the previous session, trading around 1.3670 during the European session on Thursday. This downside is attributed to growing expectations of the Federal Reserve (Fed) reducing interest rates in September.FX Street2024-07-18

Pound Canadian Dollar (GBP/CAD) Extends Multi-Year Gains

At the time of writing, GBP/CAD is trading at C$1.7806, having climbed by 0.4% in the past 24 hours. The Pound (GBP) trended higher against its peers midweek, propelled upwards by higher-than-expected inflation data which forced markets to reconsider the likelihood of an interest rate cut from the Bank of England in August.ExchangeRates2024-07-18

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Rebounds From Multi-Week Lows

EUR/USD is moving lower as traders react to ECB Interest Rate Decision.FXEmpire2024-07-18

USD/CAD is little changed on the session – Scotiabank

The Canadian Dollar (CAD) is little changed on the session, leaving it as a marginal outperformer alongside the Australian Dollar (AUD) on a day where the US Dollar (USD) is trading a little higher overall, Scotiabank's chief FX strategist Shaun Osborne notes.FX Street2024-07-18

Technical Analysis – Is AUDCAD ready to extend its uptrend?

AUDCAD rebounded today from slightly above the support of 0.9270, marked by the low of July 9 and the inside swing high of June 12. Overall, the pair is printing higher highs and higher lows above all three of the plotted exponential moving averages (EMAs) on the daily chart, which paints a positive medium-term picture.XM2024-07-18

USD/CAD holds ground above 1.3650 as Oil prices decline

USD/CAD retraces its recent losses from the previous session, trading around 1.3680 during the early European hours on Wednesday. Lower crude Oil prices put pressure on the commodity-linked Canadian Dollar (CAD).FX Street2024-07-17

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Rate Cut Bets Grow

Traders stay bearish on U.S. dollar as they prepare for the start of the Fed rate cut cycle.FXEmpire2024-07-17

USD/CAD remains subdued below 1.3700 amid weak US Dollar

The USD/CAD pair exhibits a subdued performance below the round-level resistance of 1.3700 in Wednesday's New York session. The Loonie asset remains under pressure as the US Dollar (USD) has fallen on the backfoot.FX Street2024-07-17

USD/CAD: A bearish “shooting star” on the daily chart – Scotiabank

The Canadian Dollar (CAD) is a little firmer this morning but barely so. The CAD is a relative underperformer on a day of broad US Dollar (USD) softness, with the MXN losing ground, amid focus on Trump's support for wide-ranging tariffs in his Bloomberg interview, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-07-17

EUR/CAD Price Forecast: Bullish continuation pattern forming

EUR/CAD is rising strongly as diverging interest-rate expectations favor the Euro (EUR) over the Canadian Dollar (CAD). FX Street2024-07-17

USD/CAD: To face a deeper pullback below 1.3580 – Societe Generale

The USD/CAD pair looks poised to inch higher towards descending trend line drawn since April near 1.3755, Societe Generale FX analysts note.FX Street2024-07-16

USD/CAD rises to near 1.3700 due to lower Oil prices

USD/CAD continues its winning streak for the fourth successive session, trading around 1.3690 during the European hours on Tuesday. The commodity-linked Canadian Dollar (CAD) faces challenges due to declining Oil prices.FX Street2024-07-16

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Higher After Retail Sales Report

The pullback in Treasury yields did not put pressure on the American currency.FXEmpire2024-07-16

USD/CAD Steady After Canadian CPI, US Retail Sales

The Canadian dollar is showing limited movement on Tuesday. In the North American session, USD/CAD is trading at 1.3687, up 0.03% on the day at the time of writing.Action Forex2024-07-16

USD/CAD: Firm support is at 1.3595/00 – Scotiabank

Focus for the Canadian Dollar (CAD) this morning falls squarely on inflation. Canada reports June CPI at 8.30ET, Scotiabank's Chief FX Strategist Shaun Osborne.FX Street2024-07-16

USD/CAD Price Analysis: Rising within range as Canadian Dollar weakens

USD/CAD looks to be starting a leg higher within a range that began unfolding in May. FX Street2024-07-16

USD/CAD holds positive ground above 1.3650 as risk aversion boosts the US Dollar

USD/CAD holds positive ground above 1.3650 as risk aversion boosts the US DollarFX Street2024-07-15

USD/CAD Price Analysis: Gives up intraday gains and turns negative as US Dollar retreats

The USD/CAD pair faces severe selling pressure in an attempt to extend recovery above 1.3660 and turns negative in Monday's European session. The Loonie asset weakens as the US Dollar (USD) surrenders its gains, which were driven by improved speculation that Donald Trump will win the United States (US) Presidential elections later this year.FX Street2024-07-15

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

The American currency is trying to rebound after the recent pullback.FXEmpire2024-07-15

USD/CAD: Trades little changed on the day – Scotiabank

The Canadian Dollar (CAD) eased in early Asian trade but has recovered to trade little changed on the day. It's a busy week for Canadian data reports, Scotiabank's chief FX strategist Shaun Osborne notes.FX Street2024-07-15

Pound Canadian Dollar Week Ahead Forecast: GBP/CAD Peaks at 41-Month Best

At the time of writing, GBP/CAD is trading at C$1.7691, having climbed by almost 1.4% over the course of the week. Canadian Dollar (CAD) Pressured as US Dollar Plummets The Canadian Dollar fell against several of its peers last week, as US Dollar weakness dragged ‘Loonie' sentiment lower.ExchangeRates2024-07-15

Canadian Dollar Forecast: USD/CAD Rebound Emerges Ahead of Canada CPI

USD/CAD may retrace the decline from the monthly high (1.3755) as it breaks above the range bound price action from last week.Forexcom2024-07-15

USD/CAD falls toward 1.3600 due to higher Oil prices

USD/CAD retraces its gains from the previous session, trading around 1.3620 during the European hours on Friday. The commodity-linked Canadian Dollar (CAD) finds support from the higher crude Oil prices, given the fact Canada is the biggest Oil exporter to the United States (US).FX Street2024-07-12

Technical Analysis – USDCAD trades sideways as 200-SMA provides support

USDCAD had been hovering around its 50-day simple moving average (SMA) for the past two months, appearing incapable of clearing this hurdle. This repeated inability triggered a decisive break below the 50-day SMA on July 3, with the pair trading undecided since then, supported by the 200-day SMA.XM2024-07-12

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Traders React To PPI Data

Higher-than-expected PPI and Core PPI reports did not provide any support to the American currency.FXEmpire2024-07-12

USD/CAD remains sideways above 1.3600 even though US PPI rise strongly

The USD/CAD pair doesn't move much from its current range above 1.3600 in Friday's American session even though the United States (US) Bureau of Labor Statistics (BLS) has reported that the producer inflation rose at a faster-than-expected pace in June.FX Street2024-07-12

USD/CAD Price Outlook: 200-day MA Holds Ahead of US CPI Release

USD/CAD has been confined to a 50-pip range since July 4, reflecting the historical price action and recent consolidation of the US Dollar Index.Action Forex2024-07-11

USD/CAD Price Analysis: Trades in tight range above 1.3600 ahead of US Inflation

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3600 in Thursday's European session. The Loonie asset turns sideways as investors await the United States (US) consumer inflation data for June, which will be published at 12:30 GMT.FX Street2024-07-11

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Inflation Rate Drops To 3%

Forex traders prepare for rate cuts as U.S. inflation missed analyst estimates.FXEmpire2024-07-11