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Today's Forex News

USD/CAD Price Forecast: Pulls back from multi-year highs near 1.4500

The USD/CAD pair ends its two-day winning streak, trading near 1.4450 during Monday's European session. From a technical standpoint, the daily chart suggests the pair trading within an ascending channel, indicating a continued bullish bias.FX Street2025-01-20

GBP/USD Under Pressure, USD/CAD Powers Higher

On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.2320 resistance zone. The British Pound started a fresh decline and traded below the 1.2270 support zone against the US Dollar, as discussed in the previous analysis.Action Forex2025-01-20

Pound Canadian Dollar Rate Outlook: GBP/CAD Tumbles amid UK Bond Market Worries

At the time of writing GBP/CAD traded at around CA$1.7580, down roughly 0.2% from Friday's opening rate. Last week, the Pound (GBP) experienced significant fluctuations and declined sharply against most major currencies as the UK's bond market continued to exert pressure on the British currency.ExchangeRates2025-01-20

U.S. Dollar Pulls Back On Tariff Optimism: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is under strong pressure as Donald Trump would not impose new tariffs on his first day in the office.FXEmpire2025-01-20

USD/CAD: Vols firm in nervous trade ahead of Trump 2.0 – OCBC

The Canadian Dollar (CAD) has failed to pick up any support amid a broadly softer USD this morning. It, along with the MXN and JPY, is a relative underperformer on the session after reaching a minor, new 5-year low overnight—just under 1.45.FX Street2025-01-20

Additional News:



Currency Exchange Lynn Lake - FAQ

Currency exchange in Lynn Lake 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.

Lynn Lake is the second-largest city in the province of Manitoba, Canada. It is located in the southwestern corner of the province on the banks of the Assiniboine River, approximately 214 km (133 mi) west of the provincial capital, Winnipeg, and 120 km (75 mi) east of the Saskatchewan border. Lynn Lake covers an area of 77.41 km2 (29.89 sq mi) and has a population of 48,859,[2] while its census metropolitan area has a population of 58,003.[3] It is the primary hub of trade and commerce for the Westman region as well as parts of southeastern Saskatchewan and northern North Dakota, an area with a combined population of over 180,000 people.[4]The City of Lynn Lake was incorporated in 1882,[5] having a history rooted in the Assiniboine River fur trade as well as its role as a major junction on the Canadian Pacific Railway.[6] Known as The Wheat City, Lynn Lake's economy is predominantly associated with agriculture;[7] however, it also has strengths in health care, manufacturing, food processing, business services, and transportation.[8][9]Lynn Lake is an important part of the higher education network in Manitoba, with several notable facilities located in the city including Lynn Lake University, Assiniboine Community College, and the Manitoba Emergency Services College.[10] Canadian Forces Base Shilo is located 30 km (19 mi) east of Lynn Lake and maintains close ties with the city.[11] Lynn Lake's Keystone Centre, one of the largest consolidated entertainment, recreation, convention, and agriculture complexes in Canada,[12] is the home of the Lynn Lake Wheat Kings and the Royal Manitoba Winter Fair.

Prior to the influx of people from Eastern Canada, the area around Lynn Lake was primarily used by the Sioux people, the Bungays, the Yellow Quills, and the Bird Tails.[14] In the 1870s and early 1880s, the Plains Bison were nearly wiped out by over-hunting. With the destruction of their staff of life, the buffalo, the nomadic Sioux people began to agree to settle in reservations such as the Sioux Valley Dakota Nation, or left the area entirely.French Canadians also passed through the area on river boats on their way to the Hudson Bay Post, Fort Ellice located near present-day St. Lazare, Manitoba. The city of Lynn Lake gets its name from the Blue Hills south of the city, which got their name from a Hudson's Bay trading post known as Lynn Lake House, which got its name from a hill on an island in James Bay where Captain James had anchored his ship in 1631.[14] During the 1870s it was believed by most that the transcontinental railway would take a northwesterly direction from Portage la Prairie. Many thought that the route would most likely go through either Minnedosa or Rapid City, Manitoba because they were both located at natural river crossings. Rapid City was the front runner for the site of the new railway and had prepared for the impending building boom accordingly. But suddenly, in 1881, the builders of the railway decided to take a more westerly route from Winnipeg, towards Grand Valley.[14] Grand Valley was located on the northern side of the Assiniboine, opposite the side of the river where present-day Lynn Lake sits.

According to the 2016 Census,[23] the population of Lynn Lake is 48,859, a 6.1% increased from 2011, making it the second largest city in Manitoba. Lynn Lake's land area is 77.41 km2 with a population density is 631.2 people per km2. The median age is 36.3 years old which is almost 5 years younger than the national average at 41.2 years old. There are 21,485 dwellings in Lynn Lake with an occupancy rate of 94.3%, and the median cost of a dwelling at $264,781, much lower than the national average at $341,556.As far as education goes, for those between 25 and 64 years old 57.0% have a post-secondary schooling degree, 29.8% have a high school degree (or equivalent) and 13.2% have no certificates, diplomas or degrees. The unemployment rate is 7.3% in Lynn Lake, lower than the national average at 7.7%. The median household income before taxes is $65,960, and after taxes at $57,008. As of 2016, 88.8% of Lynn Lake's residents are Canadian citizens. About 5.5% of residents are recent immigrants (from 2011 to 2016). Lynn Lake is 70.1% white, 16.3% visible minorities and 13.6% aboriginal. The largest visible minority groups in Lynn Lake are Latin American (5.0%), Chinese (3.8%), South Asian (3.0%), Black (2.1%) and Filipino (1.1%). English is the mother tongue of 80.3% of residents. Other common first languages were Spanish (4.5%), Chinese Languages (3.2%) French (1.3%), Ukrainian (1.3%), Gujarati (1.2%), and German (1.2%).

Historical Forex News

USD/CAD Price Forecast: Extends recovery above 1.4400

USD/CAD Price Forecast: Extends recovery above 1.4400FX Street2025-01-17

GBPCAD Wave Analysis

GBPCAD currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the strong support level 1.7490, which has been steadily reversing this currency pair from the start of August.Action Forex2025-01-17

U.S. Dollar Gains Ground Ahead Of The Weekend: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar gains ground as traders focus on the better-than-expected Housing Starts report.FXEmpire2025-01-17

USD/CAD jumps to near 1.4430 as investors turn cautious ahead of Trump's inauguration

The USD/CAD pair climbs to near 1.4430 in Friday's North American session. The Loonie pair strengthens as the Canadian Dollar (CAD) performs weakly, with investors turning cautious as United States (US) President-elect Donald Trump is scheduled to take oath on Monday.FX Street2025-01-17

USD/CAD Price Forecast: The first upside barrier emerges above 1.4400

USD/CAD Price Forecast: The first upside barrier emerges above 1.4400FX Street2025-01-16

USD/CAD climbs to 1.4385 amid sliding Oil prices, modest USD strength ahead of US data

The USD/CAD pair builds on the overnight bounce from the 1.4300 mark, over a one-week low and gains strong follow-through positive traction on Thursday. The intraday move up remains unabated through the first half of the European session and lifts spot prices to a fresh daily high, around the 1.4385 region in the last hour.FX Street2025-01-16

Pound to Canadian Dollar Rate Muted following Softer-than-Forecast UK CPI

At the time of writing GBP/CAD traded at around CA$1.7513, virtually unchanged from Wednesday's opening rate. The Pound (GBP) managed to hold steady against most of its peers on Wednesday and managed to recoup the majority of its losses from earlier in the week following the publication of the UK's latest consumer price index (CPI).ExchangeRates2025-01-16

U.S. Dollar Pulls Back As Retail Sales Miss Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency continues to move away from yearly highs as traders react to Retail Sales data.FXEmpire2025-01-16

USD/CAD jumps to near 1.4400 as US Dollar rises ahead of Trump's inauguration

The USD/CAD pair climbs to near the key resistance of 1.4400 in Thursday's North American session. The Loonie pair strengthens as the US Dollar (USD) recovers Wednesday's losses, with investors turning cautious ahead of President-elect Donald Trump's swearing ceremony on January 20.FX Street2025-01-16

CAD can't hold technical break versus the USD – Scotiabank

The CAD has eased back after probing the low 1.43 area yesterday, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-01-16

USD/CAD holds below 1.4400 on weaker US Dollar, lower US yields

USD/CAD holds below 1.4400 on weaker US Dollar, lower US yieldsFX Street2025-01-16

Canadian Dollar Forecast: USD/CAD Breakout Looms as Trump Takes Office

The US Dollar is poised to mark a second weekly decline against the Canadian Dollar with USD/CAD holding a well-defined monthly range just below uptrend resistance. Battle lines drawn on the USD/CAD weekly technical charts ahead of the Presidential Inauguration & Canada CPI.Forexcom2025-01-16

USD/CAD remains subdued near 1.4350 due to reduced US trade concerns

USD/CAD stays silent after two days of losses, trading around 1.4360 during the Asian hours on Wednesday. The downside in the USD/CAD pair can be attributed to an improved outlook for foreign currency inflows, reduced US trade concerns, and hawkish expectations for the Bank of Canada (BoC).FX Street2025-01-15

NZDCAD Bearish Sentiment Breakdown

The NZDUSD pair continues to rise for the second straight day, trading near 0.5610 on Tuesday morning. This boost is partly due to China's recent economic support measures, as New Zealand's close trade ties with China mean its economy heavily influences the New Zealand Dollar.Action Forex2025-01-15

U.S. Dollar Rebounds As Traders Weigh Inflation Data: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is swinging between gains and losses as traders focus on inflation reports, which indicated that Core Inflation Rate declined from 3.3% to 3.2%.FXEmpire2025-01-15

USD/CAD holds below 1.4350 as US CPI data boosts Fed rate cut bets

USD/CAD holds below 1.4350 as US CPI data boosts Fed rate cut betsFX Street2025-01-15

EUR/USD, USD/CAD, USD/CHF Struggling for Direction as Rate Links Fray

USD/CAD, USD/CHF, and EUR/USD are breaking away from their once-strong correlation with US interest rates and yield spreads, with the relationship significantly weakening in recent weeks.Forexcom2025-01-15

US Dollar Forecast: USD/CAD Susceptible to Test of Monthly Low

USD/CAD falls to a fresh weekly low (1.4303) as the US Consumer Price Index (CPI) shows an unexpected downtick in the core rate of inflation, and the exchange rate may threaten the positive slope in the 50-Day SMA (1.4175) if it fails to defend the monthly low (1.4280).Forexcom2025-01-15

USD/CAD holds below 1.4400 on rising oil prices, US PPI data looms

USD/CAD holds below 1.4400 on rising oil prices, US PPI data loomsFX Street2025-01-14

U.S. Dollar Pulls Back After PPI Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The lower-than-expected PPI report put pressure on the American currency.FXEmpire2025-01-14

USD/CAD weakens to near 1.4350 on cooler-than-expected US PPI inflation data

USD/CAD weakens to near 1.4350 on cooler-than-expected US PPI inflation dataFX Street2025-01-14

USD/CAD advances to near 1.4450 as US jobs figures bolster hawkish mood surrounding Fed

USD/CAD continues to gain ground for the fifth successive day, trading around 1.4440 during the European hours on Monday. However, the USD/CAD pair appreciated as the US Dollar (USD) strengthened as the robust US labor market data for December will likely reinforce the US Federal Reserve's (Fed) stance to keep interest rates steady in January.FX Street2025-01-13

U.S. Dollar Starts The Week On A Strong Note: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency tested yearly highs as traders remained bullish at the start of the week.FXEmpire2025-01-13

USD/CAD ticks lower to near 1.4420 as BoC unlikely to continue reducing rates by 50 bps

The USD/CAD pair edges lower to near 1.440 in Monday's North American session. The Loonie pair ticks lower as the Canadian Dollar (CAD) exhibits strength after Canada's surprisingly upbeat labor market data weighed on market expectations for the Bank of Canada (BoC) to continue reducing interest rates at a larger-than-usual pace of 50 basis points (bps).FX Street2025-01-13

Pound to Canadian Dollar Week Ahead Forecast: CAD Driven by External Factors

At the time of writing GBP/CAD traded at around CA$1.7603, down roughly 0.6% from Friday's opening rate. The Pound (GBP) began the week on the back foot, dropping against most of its major counterparts, after the UK's December services PMI data came in below expectations.ExchangeRates2025-01-13

USD/CAD attracts some sellers to near 1.4350 ahead of US PPI release

USD/CAD attracts some sellers to near 1.4350 ahead of US PPI releaseFX Street2025-01-13

USD/CAD extends winning streak ahead of US-Canada labor market data

The USD/CAD pair extends its winning spree for the fourth trading session on Friday ahead of the official employment of the United States (US) and Canada for December. The Loonie pair ticks higher slightly above 1.4400 as the US Dollar (USD) edges up, with the US Dollar Index (DXY) staying above the key support of 109.00.FX Street2025-01-10

USD/CAD in Holding Pattern Ahead of US, Cdn. Jobs Data

The Canadian dollar started the week with strong gains but has shown little movement since then. In the European session, USD/CAD is trading at 1.4411, up 0.12% at the time of writing.Action Forex2025-01-10

USD/CAD rises above 1.4400 as US Dollar Index rallies toward two-year highs

USD/CAD continues its winning streak for the fourth successive session, trading around 1.4420 during the Asian hours on Friday. The USD/CAD pair appreciates as the US Dollar (USD) receives support from hawkish Federal Open Market Committee (FOMC) Meeting Minutes and uncertainties surrounding tariff plans proposed by the incoming Trump administration.FX Street2025-01-10

USDCAD Wave Analysis

USDCAD currency pair recently reversed up from the support zone located between the support level 1.43000, 20-day moving average and the support trendline of the sharp daily up channel from September.Action Forex2025-01-10

U.S. Dollar Tests Yearly Highs After NFP Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The strong Non Farm Payrolls report provided significant support to U.S. dollar.FXEmpire2025-01-10

Canadian Dollar Forecast: USD/CAD - Trump, Trudeau, Tiff and Tariffs

With a move such as we've seen in USD/CAD, where the pair drove to fresh four-year-highs and finished a year above 1.4000 for the first time in more than two decades, there's often multiple drivers at work. And to be sure, that certainly seems to be the case here, as a strong U.S. Dollar in Q4 went along with the introduction of possible tariffs on Canadian exports to the United States, which helped to prod that break above the big figure.Forexcom2025-01-10

USD/CAD stays above 1.4350 due to lower Oil prices, hawkish policy shift by Fed

USD/CAD edges lower after registering gains in the previous two sessions, trading around 1.4370 during the Asian hours on Thursday. However, the USD/CAD pair faced challenges as the US Dollar (USD) appreciated due to increased hawkish sentiment surrounding the Federal Reserve's (Fed) policy outlook in 2025.FX Street2025-01-09

USD/CAD struggles to break above 1.4400 ahead of US-Canada employment data

The USD/CAD pair struggles to extend its upside above the immediate resistance of 1.4400 from the last two trading sessions. The Loonie pair trades inside Wednesday's trading range in Thursday's European session, with investors focusing on the United States (US) and Canadian employment data for December, which will be published on Friday.FX Street2025-01-09

GBPCAD: Critical Moment

In the Weekly timeframe, GBPCAD has formed an ascending channel pattern. However, the price has fallen to the lower trendline, and the lower Bollinger line is being tested, indicating oversold conditions.Action Forex2025-01-09

Pound Canadian Dollar (GBP/CAD) Exchange Rate Dips

At the time of writing GBP/CAD traded at around CA$1.7879, down roughly 0.2% from Wednesday's opening rate. The Pound (GBP) struggled to garner investor interest on Wednesday and edged lower against the majority of its peers.ExchangeRates2025-01-09

U.S. Dollar Moves Higher: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar gains ground as traders stay focused on FOMC Minutes, which were released yesterday.FXEmpire2025-01-09

US Dollar Forecast: USD/CAD Stages Three-Day Rally

USD/CAD attempts to retraces the decline from the start of the week as it stages a three-day rally, and the exchange rate may track the positive slope in the 50-Day SMA (1.4139) as it holds above the moving average.Forexcom2025-01-09

USD/CAD remains steady around 1.4350 ahead of FOMC Meeting Minutes

USD/CAD retraces its recent gains from the previous session, trading around 1.4350 during the European hours on Wednesday. However, the pair downside risks for the pair could be restrained as the US Dollar (USD) strengthens by a hawkish shift in investor sentiment regarding the Federal Reserve's (Fed) interest rate outlook, following robust US economic data.FX Street2025-01-08

U.S. Dollar Climbs Towards Yearly Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar gains ground as traders react to U.S. economic reports.FXEmpire2025-01-08

EUR/CAD Price Forecast: Maintains position below nine-day EMA near 1.4900

EUR/CAD continues to decline for the second consecutive session, trading near 1.4880 during Tuesday's Asian session. Technical analysis on the daily chart suggests a mildly bullish bias, as the pair remains within an ascending channel pattern.FX Street2025-01-07

USD/CAD: Early elections are likely in Canada – Commerzbank

Yesterday afternoon, European time, Canadian Prime Minister Justin Trudeau officially announced that he was stepping down as leader of the Liberal Party and that he would resign as Prime Minister once a successor had been found. The move did not come as a complete surprise.FX Street2025-01-07

USD/CAD falls to near 1.4300 due to political and trade-related developments in Canada

The USD/CAD pair remains subdued as the Canadian Dollar (CAD) receives support from news that Canadian Prime Minister Justin Trudeau would announce his plans to step down but said it expected to happen before an emergency meeting of Liberal legislators on Wednesday. The USD/CAD pair trades around 1.4310 during the European hours on Tuesday.FX Street2025-01-07

USD/CAD drifts lower to near 1.4300 as Canada's Justin Trudeau announces resignation as Prime Minister

USD/CAD drifts lower to near 1.4300 as Canada's Justin Trudeau announces resignation as Prime MinisterFX Street2025-01-07

U.S. Dollar Moves Higher After JOLTs Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency gains ground as traders increase bets on hawkish Fed.FXEmpire2025-01-07

U.S. Dollar Price Action Setups: EUR/USD, USD/CAD, SPX

- As I shared in the webinar, I think it's unlikely that both USD and equity strength remain in-play for the entirety of this year, and I expect the Dollar to mean-revert at some point. But for now, bulls have held higher-low support and there's support potential down to the Fibonacci level of 106.61.Forexcom2025-01-07

USD/CAD Price Forecast: Moves below 1.4400 after pulling back from recent highs

The USD/CAD pair ends its four-day winning streak, trading near 1.4390 during Monday's European session. From a technical perspective, the daily chart shows the pair moving within an ascending channel, signaling a continued bullish bias.FX Street2025-01-06

EUR/CAD Price Forecast: Failure near 200-day SMA support-turned-resistance favors bearish traders

The EUR/CAD cross struggles to capitalize on Friday's recovery move from the 1.4770 area, or the vicinity of a one-month low and meets with a fresh supply at the start of a new week. Spot prices remain depressed through the early European session and currently trade around the 1.4850-1.4845 region, down over 0.25% for the day.FX Street2025-01-06

U.S. Dollar Is Under Pressure Amid Tariff Policy Reports: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex markets are volatile as traders focus on Donald Trump's comments regarding his tariff policy.FXEmpire2025-01-06

Canadian Dollar Forecast: PM Trudeau Resigns, USD/CAD Uptrend Intact

Canadian Prime Minister Justin Trudeau has just announced his resignation after nearly a decade in power, throwing the country into a period of political uncertainty. Once celebrated as a transformative leader, Trudeau's popularity plummeted due to economic challenges, a housing affordability crisis, and internal party dissent.Forexcom2025-01-06