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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

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

Currency Exchange Square One

Currency exchange is a vital part of international travel, and Square One is one of the busiest hubs for visitors in Ontario, Canada. Whether you're a tourist or a local, exchanging currency is essential to ensure that you have enough funds to make the most out of your travels. In this article, we'll take a closer look at currency exchange in Square One, providing you with everything you need to know before you head out on your next trip.

Introduction to Currency Exchange in Square One

Square One is a large shopping mall in Mississauga, Ontario, and it attracts visitors from all over the world. The mall has several currency exchange kiosks that provide services to customers. Some of the popular kiosks are Calforex, Continental Currency Exchange, and ICE

Currency exchange in Square One is a hassle-free process, and you can exchange a wide range of currencies at these kiosks. You can use cash, debit, or credit cards to exchange your currency. The exchange rates at these kiosks are competitive, and you can be assured of getting a fair exchange rate.

Understanding Currency Exchange Rates

Before you exchange your currency, it is important to understand exchange rates. Exchange rates refer to the value of one currency in relation to another currency. Exchange rates fluctuate constantly, and they are affected by several factors such as economic conditions, geopolitical events, and central bank policies.

When you exchange currency, you will be quoted two rates - the buying rate and the selling rate. The buying rate refers to the rate at which the kiosk buys foreign currency from you, while the selling rate refers to the rate at which the kiosk sells foreign currency to you.

Choosing the Right Currency Exchange Kiosk

There are several currency exchange kiosks in Square One, and it can be overwhelming to choose the right one. Here are some factors to consider when choosing a currency exchange kiosk:

  • Exchange Rates: Compare the exchange rates offered by different kiosks to get the best deal.
  • Fees: Some kiosks charge additional fees for currency exchange. Make sure to ask about any fees before you exchange your currency.
  • Convenience: Choose a kiosk that is convenient for you to access. Look for a kiosk that is located near your hotel or the places you plan to visit.
  • Reviews: Read reviews of the kiosks to get an idea of their customer service and reliability.

Tips for Currency Exchange in Square One

Here are some tips to help you get the best currency exchange experience in Square One:

  • Research exchange rates before you travel: It's always a good idea to research exchange rates before you travel. This will give you an idea of what to expect when you arrive at Square One.
  • Avoid exchanging currency at airports: Airport currency exchange kiosks often charge higher fees and offer less favorable exchange rates than kiosks in the city.
  • Choose to exchange cash or use your card wisely: While it's convenient to use your debit or credit card for currency exchange, be aware that your bank may charge additional fees. Consider exchanging cash instead to avoid these fees.
  • Be aware of scams: Be cautious when exchanging currency and only exchange money at reputable kiosks. Some scams involve exchanging counterfeit bills or charging additional fees without notifying customers.

Currency exchange is an essential part of international travel, and Square One has several reliable currency exchange kiosks to choose from. By understanding exchange rates, choosing the right kiosk, and following these tips, you can ensure that you get the best currency exchange experience in Square One.

Square One is the largest shopping mall in Mississauga, Ontario, and it is a popular destination for visitors from all over the world. The mall has over 360 stores and services, including popular retailers such as H&M, Apple, Zara, and Indigo. In this article, we'll take a closer look at Square One, providing you with everything you need to know before you head out on your next shopping trip.

Introduction to Square One

Square One is located in the heart of Mississauga and is easily accessible by public transportation or car. The mall is open seven days a week and has extended hours during the holiday season. With over 2.2 million square feet of retail space, Square One is the ultimate shopping destination in the Greater Toronto Area.

Stores and Services

Square One has a wide variety of stores and services to suit every shopper's needs. Here are some of the most popular stores and services:

  • Fashion: Square One has a wide range of fashion retailers, from budget-friendly options such as Forever 21 and H&M to high-end stores such as Holt Renfrew and Harry Rosen.
  • Electronics: For the tech-savvy shopper, Square One has several electronics stores such as Apple, Best Buy, and Microsoft.
  • Beauty: Square One has a wide variety of beauty stores, including Sephora, MAC, and The Body Shop.
  • Home and Decor: If you're looking to spruce up your home, Square One has several stores such as Crate and Barrel and Pottery Barn.
  • Services: Square One has a variety of services to make your shopping experience as easy and convenient as possible, including a concierge desk, valet parking, and personal shopping services.

Dining Options

Square One has over 60 dining options, ranging from fast food to fine dining. Here are some of the most popular options:

  • Fast Food: For a quick and easy meal, Square One has several fast-food options such as McDonald's, KFC, and Taco Bell.
  • Casual Dining: If you're looking for a sit-down meal, Square One has several casual dining options such as Milestones, Jack Astor's, and Moxie's.
  • Fine Dining: For a more upscale dining experience, Square One has several fine dining options such as The Keg and Earl's Kitchen + Bar.
  • Food Court: Square One's food court has a wide variety of options, including Asian cuisine, Mexican food, and Mediterranean dishes.

Entertainment Options

In addition to shopping and dining, Square One has several entertainment options to keep you entertained during your visit. Here are some of the most popular options:

  • Cineplex: Square One has a Cineplex theatre that shows the latest movies.
  • Playdium: Playdium is an entertainment complex that features arcade games, go-karts, and mini-golf.
  • Virtual Reality: Square One has a virtual reality arcade where you can experience immersive games and simulations.

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