Foreign Exchange Expert

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Exchanging USD/CAD at Home 24/7
Fund available As Soon As 24 Hours

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 Square One

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Today's Forex News

USD/CAD weakens below 1.3650, eyes on FOMC Minutes

USD/CAD weakens below 1.3650, eyes on FOMC MinutesFX Street2024-05-22

GBP/CAD Outlook: Slowing Inflation in Canada Opens the Door for a June Cut

Inflation in Canada dropped to a three-year low of 2.7%. The BoC have all the reasons they need to cut rates and may well cut in June.ExchangeRates2024-05-22

Canadian Dollar Retreats after Benign Inflation Data, GBP/CAD Hits 24-Month Highs

The Canadian dollar lost ground after the latest Canadian consumer prices data as market bets on a June interest rate cut increased. The Pound held firm ahead of Wednesday's UK inflation data and the Pound to Canadian dollar (GBP/CAD) exchange rate strengthened to 24-month highs at 1.7360.ExchangeRates2024-05-22

Pound Canadian Dollar Exchange Rate hits Three-Year High as Canadian Inflation Cools

At the time of writing the GBP/CAD exchange rate was trading at CAD$1.7356, up approximately 0.2% from Tuesday's opening rate. The Canadian Dollar (CAD) tumbled on Wednesday following the latest domestic inflation data.ExchangeRates2024-05-22

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

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

Technical Analysis – USDCAD's upturn is still lackluster

Traders remain skeptical near the 1.3630 barrier and the 50-day SMA, as reflected by the soft price momentum. Interestingly, the 61.8% Fibonacci retracement of the November-December 2023 downleg is in the neighborhood too.XM2024-05-21

Pound Canadian Dollar Narrows amid Dovish BoE Remarks: GBP/CAD Outlook

At the time of writing, GBP/CAD traded at around CA$1.7294, showing minimal movement from Monday's opening rates. The Pound (GBP) treaded water during Monday's trade, following dovish remarks from Bank of England Deputy Governor Ben Broadbent.ExchangeRates2024-05-21

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Flat As Traders Focus On Fed Officials' Comments

Fed Governor Christopher Waller wants to see several months of good inflation data before cutting rates.FXEmpire2024-05-21

USD/CAD outlook: Canada's CPI cements BOC June cut expectations

Today's key macro highlight from North America was the release of Canadian CPI data, which came in slightly weaker, sending the USD/CAD higher, with the pair also helped along with some hawkish Fed comments. However, given the recent softening of US data, there is a possibility that interest rate cuts could come in sooner than expected in the US, after all, despite the warnings from the Fed.Forexcom2024-05-21

USD/CAD Mid-Day Outlook

USD/CAD recovered notably today but stays below 1.3689 resistance. Intraday bias stays neutral first.Action Forex2024-05-21

USD, CAD, Gold, Copper, VIX, Wall Street analysis: COT report

Net-long exposure to the US dollar reached a sentiment extreme four weeks ago, and the US dollar index has since fallen -2.2% from the April high to last week's low. It is now trying to hold above the December trendline / 104 handle, which provides a pivotal area for bulls and bears to battle it out over the US dollar's outlook.Forexcom2024-05-20

Pound to Canadian Dollar Rate Outlook: GBP Firms as USD Weakness Depresses CAD

At the time of writing, GBP/CAD is trading at C$1.7283, having risen by almost a full percentage point in the seven days to Friday. The Pound eased higher against the majority of its peers last week, as weakness in the US Dollar supported Sterling overall.ExchangeRates2024-05-20

USD/CAD extends its downside below 1.3610 ahead of Canadian CPI data.

USD/CAD extends its downside below 1.3610 ahead of Canadian CPI data.FX Street2024-05-20

Pound to Canadian Dollar Rate Outlook: GBP Firms as USD Weakness Depresses CAD

At the time of writing, GBP/CAD is trading at C$1.7283, having risen by almost a full percentage point in the seven days to Friday. The Pound eased higher against the majority of its peers last week, as weakness in the US Dollar supported Sterling overall.ExchangeRates2024-05-20

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Some Ground As Treasury Yields Move Higher

The American currency is moving higher at the start of the week as traders wait for catalysts.FXEmpire2024-05-20

USD/CAD edges up on heightened geopolitical risks

USD/CAD trades a beat higher on Monday, rising into the 1.3620s, as the US Dollar (USD) strengthens in most pairs, on the back of safe-haven demand as markets are put on edge by reports the President of Iran, Ebrahim Raisi, died in a freak helicopter accident in Northern Iran over the weekend, according to Reuters. FX Street2024-05-20

Technical Analysis – AUDCAD rises to new 14-month high

Entering the 0.9100 area has been a struggle over the past two days, and there might be another tough obstacle around the multi-month high, but the bulls may not give up on the battle yet according to the technical indicators. Specifically, the RSI is standing marginally beneath the 70 level and the MACD is extending the positive momentum above its trigger and zero lines, both keeping the bias on the positive side for now.XM2024-05-20

Technical Analysis – USDCAD bounces off medium-term uptrend line

USDCAD has gained little over the last couple of sessions, and it managed to hold above the medium-term ascending trend line and re-enter the 1.3600 area, with the technical oscillators feeding prospects for possible positive short-term trading; the RSI is moving sideways slightly beneath its trigger line, while the stochastic posted a bullish crossover within its %K and %D lines in the oversold area. Yet, the pair is facing strong resistance near the 50-day simple moving average (SMA).XM2024-05-17

Pound Canadian Dollar (GBP/CAD) Fluctuates amid Data Lull

At the time of writing the GBP/CAD exchange rate was trading at CAD$1.7244, virtually unchanged from Thursday's opening rate. The Canadian Dollar (CAD) was mixed on Thursday amid a lack of fresh domestic data.ExchangeRates2024-05-17

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Flat Ahead Of The Weekend

Forex traders ignore rising Treasury yields and wait for additional catalysts.FXEmpire2024-05-17

USD/CAD Price Analysis: Extends recovery to 1.3640

The USD/CAD pair rises further to 1.3640 in Friday's European session. The Loonie asset capitalizes on strong recovery in the US Dollar that is driven by hawkish guidance on interest rates by Federal Reserve (Fed) officials.FX Street2024-05-17

USD/CAD rebounds above 1.3600, focus on US data

USD/CAD rebounds above 1.3600, focus on US dataFX Street2024-05-16

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Attempts To Rebound After Sell-Off

U.S. dollar gained some ground as short sellers took some profits off the table after the strong move.FXEmpire2024-05-16

USD/CAD outlook dims as US data deteriorates further

The US dollar selling stalled in the first half of Thursday's session even though further evidence of an economic slowdown emerged, following Wednesday's disappointing macro pointers. Today's disappointing US macro pointers included jobless claims, industrial production, housing starts and building permits.Forexcom2024-05-16

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

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