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Currency Exchange Scarborough

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Today's Forex News

USD/CAD trades with mild losses below 1.3950, US NFP data looms

USD/CAD trades with mild losses below 1.3950, US NFP data loomsFX Street2024-11-01

Pound to Canadian Dollar Rate Firms following Lacklustre Canadian GDP

At the time of writing GBP/CAD traded at around CA$1.8059, up roughly 0.2% from Thursday's opening rate. The Canadian Dollar (CAD) struggled to garner investor attention on Thursday following the publication of Canada's latest GDP reading.ExchangeRates2024-11-01

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

The disappointing Non Farm Payrolls report did not put pressure on the American currency.FXEmpire2024-11-01

USD/CAD corrects after US NFP, remains well-supported above 1.3900

The USD/CAD pair corrects mildly to near the round-level support of 1.3900 in Friday's New York session. The Loonie asset drops after the release of the United States (US) Nonfarm Payrolls (NFP) data for October, which showed lower job additions at 12K against the estimates of 113K and the former release of 223K in September, downwardly revised from 254K.FX Street2024-11-01

USD/CAD: Little changed on the day – Scotiabank

The Canadian Dollar (CAD) is unchanged on the session, holding in the low 1.39 area just below yesterday's high which marked a virtual pinpoint retest of the August spot peak, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-11-01

USD/CAD rally stalls below 1.3945 ahead of the US NFP release

USD/CAD rally stalls below 1.3945 ahead of the US NFP releaseFX Street2024-11-01

Additional News:

EUR/USD, USD/JPY, USD/CAD: USD Price Action into the Election, FOMC

It was a strong month of October but finally, some resistance was able to hold in the US Dollar. The same 104.57 level that was in-play the week before held two additional tests after the weekly open and buyers were unable to make much ground above.Forexcom2024-11-01

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Currency Exchange Near Me


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




Payments Accepted


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Wire Transfer
Bill Payment (RBC,BMO & Credit Unions Only)

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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 Shearton 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 activies, 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 Market of Scarborough Area

Currency exchange in Scarborough area is lack of competiton, since most foreign exchange dealers are in Toronto downtow or Yonge St. area.

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 currency exchange 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.

Currency Exchange in Scarborough: Your Ultimate Guide to Rates, Services, and Tips

Currency exchange is a vital aspect of international travel, business transactions, and personal financial management. When it comes to currency exchange in Scarborough, finding the best rates and reliable services is crucial. This comprehensive guide aims to provide you with valuable insights and tips to navigate the currency exchange landscape in Scarborough effectively. Whether you're a traveler or a local resident, understanding where to find competitive rates, trustworthy providers, and essential considerations will ensure you get the most out of your currency exchange transactions. In this article, we will cover the top currency exchange options in Scarborough, factors to consider when selecting a provider, tips for obtaining the best rates, and frequently asked questions to address any concerns you may have.

Scarborough, as a diverse and multicultural city, attracts a significant number of international travelers and businesses. Currency exchange plays a pivotal role in ensuring smooth transactions and financial management. Understanding the importance of competitive exchange rates, reliable services, and security measures will help you make informed decisions when exchanging your currency in Scarborough.

This section will explore the best currency exchange options available in Scarborough. We will discuss various providers such as banks, currency exchange bureaus, online platforms, and alternative options like specialized agencies or kiosks. Each option's advantages, disadvantages, exchange rate transparency, fees, and customer reviews will be examined to assist you in choosing the right currency exchange provider.

Selecting the right currency exchange provider is essential to ensure a smooth and reliable experience. This section will outline crucial factors to consider, including exchange rate competitiveness, fees and commissions, licenses and security measures, customer service, convenience, and location accessibility. By evaluating these factors, you can confidently choose a provider that meets your specific needs.

Getting the best currency exchange rates in Scarborough requires a strategic approach. This section will provide you with valuable tips to optimize your currency exchange transactions. Topics covered will include monitoring exchange rate trends, choosing the optimal time to exchange currency, minimizing fees and commissions, considering alternative options, utilizing online rate comparison tools, and negotiating rates when feasible.

This section will address common questions and concerns related to currency exchange in Scarborough. Topics covered will include identification requirements, transaction limits, recommended practices for carrying and exchanging currency, exchanging large sums, and handling less common or exotic currencies. By addressing these frequently asked questions, we aim to provide clarity and guidance for a seamless currency exchange experience.

Currency exchange is a vital aspect of international transactions, and finding the best rates and services in Scarborough is essential for optimizing your financial transactions. By considering the factors discussed in this guide and utilizing the provided tips, you can make informed decisions and secure competitive rates. Remember to thoroughly research different currency exchange providers, compare rates, and stay informed about market trends to ensure you receive the best value for your money. Whether you're a traveler or a local resident, the insights and tips provided in this guide will empower you to navigate the currency exchange landscape in Scarborough with confidence.

Currency Exchange Scarborough

Currency exchange is an important aspect of international business and travel. Whether you are traveling to another country, buying or selling goods or services internationally, or simply exchanging money for personal reasons, finding a reliable currency exchange service is essential. For those living in or traveling to Scarborough, Canada, it is important to know where to find the best currency exchange services in the area. In this article, we will provide an overview of the currency exchange market in Scarborough, including the top currency exchange services in the area.

Going to Toronto downtown will get you the best rate compare to Scarborough area.

One of the key factors that distinguish currency exchange providers in Scarborough is their exchange rates. Exchange rates are the prices at which one currency can be exchanged for another, and they can vary widely between different providers. Some providers offer better rates than others, which can result in significant savings for those exchanging large amounts of money.

Top Currency Exchange Services in Scarborough

  • Continental Currency Exchange is one of the most well-known currency exchange providers in Scarborough. With multiple locations throughout the city, they offer a wide range of currencies at competitive exchange rates. They also offer a variety of other financial services, including wire transfers, foreign drafts, and money orders. Continental Currency Exchange has a reputation for excellent customer service, and they are open seven days a week to accommodate customers' needs.
  • Interchange Financial is another popular currency exchange provider in Scarborough. They offer competitive exchange rates and a wide range of currencies, as well as other financial services like wire transfers and prepaid cards. Interchange Financial has been operating in Canada since 1996 and has a reputation for reliable and efficient service.
  • Calforex Currency Exchange has two locations in Scarborough and offers a variety of currencies at competitive exchange rates. They also offer other financial services, including wire transfers, foreign drafts, and traveler's cheques. Calforex Currency Exchange has a reputation for fast and efficient service, and they are open seven days a week to accommodate customers' needs.
  • TD Canada Trust is a popular bank in Canada that also offers currency exchange services. While their exchange rates may not always be the most competitive, they offer a wide range of currencies and the convenience of being able to exchange money at a bank branch. They also offer other financial services, including wire transfers and foreign drafts.
  • Global Currency Services is a smaller currency exchange provider in Scarborough that offers competitive exchange rates and a wide range of currencies. They also offer other financial services, including wire transfers and traveler's cheques. Global Currency Services has a reputation for friendly and efficient service, and they are open seven days a week to accommodate customers' needs.

In conclusion, finding a reliable currency exchange provider in Scarborough is essential for those traveling internationally or conducting business with foreign entities. The top currency exchange providers in the area offer competitive exchange rates, a wide range of currencies, and other financial services to meet the needs of customers. Whether you choose Continental Currency Exchange, Interchange Financial, Calforex Currency Exchange, TD Canada Trust, or Global Currency Services, you can be confident that you are getting

Scarborough is a vibrant and diverse community located in the eastern part of Toronto, Ontario. With a population of over 650,000 people, Scarborough is one of the most populous areas in Toronto and is home to people from all walks of life. In this article, we will explore the history, culture, attractions, and lifestyle of Scarborough, providing a comprehensive guide to this exciting neighborhood.

  • History: Scarborough was originally a collection of rural villages and farmland, but it began to develop into a suburban community in the 1950s and 60s as Toronto's population began to grow rapidly. In 1998, Scarborough was amalgamated with the City of Toronto, becoming one of its six boroughs. Today, Scarborough is a diverse and multicultural community, with a rich history that is reflected in its architecture, landmarks, and cultural events. Visitors can explore the area's history by visiting local museums, galleries, and historical sites, such as the Scarborough Historical Museum and the Guild Inn Gardens.
  • Culture: Scarborough is home to a vibrant and diverse cultural scene, with a range of events, festivals, and artistic activities that showcase the area's multicultural heritage. The Scarborough Arts Council is an important organization in the area, supporting local artists and promoting the arts in the community. One of the most popular cultural events in Scarborough is the Scarborough Afro-Caribbean Festival, which takes place each summer and celebrates the music, food, and culture of the African and Caribbean communities in the area. The Scarborough Ribfest is another popular event, featuring live music, carnival rides, and, of course, delicious barbecued ribs.
  • Attractions: Scarborough is home to a range of attractions that appeal to visitors of all ages and interests. For those interested in outdoor activities, there are several beautiful parks in the area, including Rouge Park, which is the largest urban park in North America. The Toronto Zoo is also located in Scarborough, offering visitors the chance to see a wide range of animals from around the world. For those interested in shopping, Scarborough is home to several large shopping malls, including Scarborough Town Centre, which features over 250 stores, restaurants, and entertainment venues. The Agincourt Mall is another popular shopping destination, featuring a variety of stores and restaurants.
  • Lifestyle: Scarborough is a diverse community with a high quality of life. The area is known for its safe neighborhoods, good schools, and affordable housing, making it an attractive place to live for families and young professionals alike. In addition to its many parks and outdoor spaces, Scarborough is also home to several community centers, offering a range of activities and programs for residents of all ages. The Birchmount Community Centre, for example, features a swimming pool, fitness center, and sports facilities, as well as a range of programs and activities for children and adults.

In conclusion, Scarborough is a vibrant and diverse community with a rich history, vibrant culture, and a range of attractions and activities to suit visitors of all ages and interests. Whether you are interested in exploring the area's history and cultural heritage, enjoying the outdoors, or simply relaxing and enjoying the community's many amenities, Scarborough has something to offer everyone.

Historical Forex News

USD/CAD sticks to modest gains above 1.3900 ahead of US PCE data, Canadian GDP

The USD/CAD pair attracts fresh buying on Thursday and for now, seems to have stalled its corrective pullback from the 1.3940 area, or the highest level since August 5 touched the previous day. Spot prices trade above the 1.3900 mark through the first half of the European session as traders keenly await important macro data from the US and Canada.FX Street2024-10-31

Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted following UK Budget Announcement

At the time of writing GBP/CAD traded at around CA$1.8060, virtually unchanged from Wednesday's opening rate. The Pound (GBP) weakened against the majority of its peers on Wednesday following the publication of the UK's hotly anticipated Autumn Budget.ExchangeRates2024-10-31

USD/CAD Price Forecast: Struggles for firm-footing above 1.3900

The USD/CAD pair struggles to establish above the key support of 1.3900 in Thursday's North American session. A one-sided rally in the Loonie pair appears to have paused, with investors focusing on the United States (US) Nonfarm Payrolls (NFP) data for October, which will be published on Friday.FX Street2024-10-31

USD/CAD: Soft risk appetite forces a range trade – Scotiabank

The Canadian Dollar (CAD) is modestly softer on the session amid weak risk appetite but it is at least holding recent ranges, Scotiabank's Chief FX Strategist Shaun Osborne notes.   FX Street2024-10-31

Pre-NFP USD Price Action Setups: EUR/USD, USD/JPY, USD/CAD

The US Dollar has finally pulled back. But – there's now a key support level in play and tomorrow's NFP report can be a major market mover, as it's an early look at October activity in the world's largest economy.Forexcom2024-10-31

U.S. Dollar Is Flat After PCE Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is swinging between gains and losses as PCE Price Index met analyst forecasts.FXEmpire2024-10-31

USD/CAD stands firm near its highest level since August, above 1.3900 mark

The USD/CAD pair trades near its highest level since August 5, around the 1.3920-1.3925 region during the Asian session on Wednesday and seems poised to prolong its recent upward trajectory witnessed over the past month or so. A combination of factors might continue to weigh on the Canadian Dollar (CAD), which, along with the emergence of some US Dollar (USD) dip-buying, validate the near-term positive outlook for the currency pair.FX Street2024-10-30

USD/CAD remains above 1.3900 near three-month highs, eyes on US GDP

The USD/CAD pair pulls back from its three-month high of 1.3929, recorded in the previous session, trading around 1.3910 during Wednesday's European session. The Canadian Dollar (CAD), tied to commodities, benefits from stronger Oil prices, as Canada remains the largest crude supplier to the United States (US).FX Street2024-10-30

USD/CAD Daily Outlook

Intraday bias in USD/CAD remains on the upside as rally from 1.3418 is in progress for retesting 1.3946/76 resistance zone. Decisive break there will confirm larger up trend resumption.Action Forex2024-10-30

Technical Analysis – USDCAD rallies near 22-month peak

USDCAD added more than 3% so far this month, posting an incredible bullish rally with no notable bearish waves. The price is currently approaching the previous 22-month high of 1.3947 with the next resistance taking place at 1.3975, achieved in October 2022.XM2024-10-30

USD/CAD Surges to 11-Week High: Can It Break Above 1.3946?

USD/CAD rises toward 1.3946, hitting an 11-week high. Can the pair sustain its bullish momentum or face resistance?InvestingCube2024-10-30

USD/CAD: Remains weak on yield spreads – Scotiabank

Near-term prospects for the Canadian Dollar (CAD) are little changed, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-30

U.S. Dollar Moves Away From Multi-Month Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is moving lower as GDP Growth Rate missed analyst forecasts.FXEmpire2024-10-30

USD/CAD Price Forecast: Hesitates to break above 1.3900

The USD/CAD pair struggles to extend its rally above the round-level resistance of 1.3900 in Tuesday's European session. The rally in the Loonie pair appears to have paused for a while, with investors focusing on a string of the United States (US) economic data to be released this week.FX Street2024-10-29

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rangebound despite Disappointing UK Data

At the time of writing GBP/CAD traded at around CA$1.8028, virtually unchanged from Monday's opening rate. The Pound (GBP) struggled to garner investor attention on Monday following the publication of some below forecast domestic data.ExchangeRates2024-10-29

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

U.S. dollar is moving higher despite the weak JOLTs Job Openings report.FXEmpire2024-10-29

USD/CAD Price Forecast: Hitting resistance zone at top of multi-year range

USD/CAD reaches the top of a multi-year range and it is probable the pair will meet stiff technical resistance at these levels.FX Street2024-10-29

USD/CAD: May see a marginal technical improvement – Scotiabank

The Canadian Dollar (CAD) is marginally higher on the day so far. Slightly firmer risk appetite and a small rebound in crude oil prices are helping at the margin but, absent some real improvement in spreads, which are the drain on the CAD's performance at the moment, there is little chance of the CAD picking up much ground in the short run, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-29

Canadian Dollar Technical Forecast: USD/CAD Bulls Go For the Break

USD/CAD is attempting a fifth weekly advance the bulls threatening a major breakout today. Battle lines drawn on the weekly technical chart.Forexcom2024-10-29

USD/CAD holds below 1.3900 despite lower Oil prices

The USD/CAD pair trades with mild losses around 1.3885 on Monday during the early European trading hours. Nonetheless, the downside seems limited as the fall in crude oil prices could weigh on the commodity-linked Canadian Dollar (CAD) and create a tailwind for the pair.FX Street2024-10-28

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

U.S. dollar is losing some ground as Dallas Fed Manufacturing Index report missed analyst expectations.FXEmpire2024-10-28

USD/CAD hesitates at 1.3900 with downside attempts limited

The US Dollar is wavering below the 1.3900 level on Monday's European morning session. A somewhat softer US Dollar is weighing on the pair, although the lower Oil prices are keeping Cad recovery attempts limited.FX Street2024-10-28

USD/CAD: Little changed on the day – Scotiabank

The Canadian Dollar (CAD) is trading little changed on the day, with spot ignoring the sharp drop in crude prices—rather surprisingly, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-28

EUR/CAD Price Prediction: Extending up leg within range

EUR/CAD appears to be extending the final “c wave” of an abc “zig-zag” price pattern within the confines of a multi-month range (see chart below). FX Street2024-10-28

GBP/CAD Week Ahead Exchange Rate Forecast: Recovery from One-Week Low

GBP/CAD Bounces Off One-Week Low as UK Budget Looms The Pound Canadian Dollar (GBP/CAD) exchange rate hit a one-week low last week before bouncing back amid uncertainty ahead of the UK's Autumn Budget. At the time of writing, GBP/CAD traded at CA$1.7982, having recovered from a low of CA$1.7864 but still down 0.2% on the.ExchangeRates2024-10-28

USD/CAD Eyes August High as RSI Holds in Overbought Territory

USD/CAD extends the series of higher highs and lows from last week to keep the Relative Strength Index (RSI) in overbought territory.Forexcom2024-10-28

USD/CAD clings to gains near 1.3850 as BoC to continue aggressive rate-cut stance

The USD/CAD pair turns sideways in Friday's European session after posting a fresh 11-week high at 1.3870 on Thursday. The Loonie pair clings to gains as the Canadian Dollar (CAD) remains on the backfoot on expectations that the Bank of Canada (BoC) would continue an aggressive policy-easing stance in the next policy meeting in December.FX Street2024-10-25

Technical Analysis – USDCAD still near the almost 3-month high

USDCAD has been creating a notable bullish rally since the bounce off the 1.3420 support level, taking the price to an almost three-month high of 1.3868. The pair added 3.4% on this rally, trying to switch the medium-term outlook to positive.XM2024-10-25

USD/CAD trades around 1.3850, two-month highs, traders adopt caution ahead of US election

The USD/CAD pair maintains its position on two consecutive days of gains, trading around 1.3850 during the Asian session on Friday. This level is near its two-month peak of 1.3868, reached on Thursday.FX Street2024-10-25

USD/CAD: Underlying drivers improve modestly – Scotiabank

The Canadian Dollar (CAD) is little changed on the session. CAD remains soft against the USD but it has held up a little better than most of G10 peers on the week despite the Bank of Canada's aggressive rate cut Wednesday, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-25

EUR/CAD remains stuck in range as both currencies face similar bearish fundamentals

EUR/CAD lengthens its range-bound price action on Friday, trading at 1.5000 after edging higher on the day. The pair is plum in the center of an 11-week range and unable to gain directionality due to the similar monetary policy outlook of the two currencies' central banks.FX Street2024-10-25

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

The better-than-expected Durable Goods Orders and Michigan Consumer Sentiment reports provided support to the American currency.FXEmpire2024-10-25

USD/CAD Price Forecast: Bulls have the upper hand despite corrective slide, 1.3800 holds the key

The USD/CAD pair attracts some sellers on Thursday and moves away from its highest level since early August, around the 1.3860-1.3865 region touched in reaction to the Bank of Canada's (BoC) oversized rate cut the previous day. The Canadian central bank took an aggressive step and decided to lower its key benchmark interest rate by 50 basis points (bps) for the first time since the COVID-19 pandemic.FX Street2024-10-24

USD/CAD Price Forecast: Rally pauses near 1.3850 for a while

The USD/CAD pair corrects slightly to near 1.3820 in Thursday's European session after posting a fresh 11-week high above 1.3850 on Wednesday. The Loonie pair has shown a one-sided rally since September 25, which appears to have paused for a while as investors look for fresh cues about the likely monetary policy action by the Bank of Canada (BoC) and the Federal Reserve (Fed) in the remaining year.FX Street2024-10-24

Pound Canadian Dollar Outlook: GBP/CAD muted despite bumper BoC rate cut

At the time of writing the GBP/CAD exchange rate traded at CA$1.7930. Virtually unchanged from Wednesday's opening levels.ExchangeRates2024-10-24

USD/CAD: Push downwards to potentially extend to test support at 1.3750 – Scotiabank

The Bank of Canada (BoC) duly delivered the 50bps cut that the markets were more or less expecting yesterday. The CAD wobbled for a bit but held its ground around the mid/ upper 1.38s, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-24

GBP/CAD Price Forecast: Possibly extending higher in Rising Wedge pattern

GBP/CAD continues trading higher in what looks like a Rising Wedge pattern. Within the confines of the pattern's borders the pair is finding support at the (red) 50-day Simple Moving Average (SMA) at about 1.7879.FX Street2024-10-24

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

Forex traders used the strong U.S. PMI data as an opportunity to take some profits off the table.FXEmpire2024-10-24

USD/CAD Defends Post-BoC Reaction to Eye August High

USD/CAD attempts to extend the advance following the Bank of Canada (BoC) rate cut as it trades to a fresh monthly high (1.3869).Forexcom2024-10-24

USD/CAD Price Forecast: Bulls take a breather near 1.3800 ahead of BoC rate decision

The USD/CAD pair attracts some dip-buyers following the previous day's modest slide and sticks to its positive bias around the 1.3825 region through the first half of the European session on Wednesday. Spot prices remain within the striking distance of the highest level since August 6 touched earlier this week as traders keenly await the Bank of Canada (BoC) policy decision before positioning for the next leg of a directional move.FX Street2024-10-23

U.S. Dollar Tests Multi-Month Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar stays strong as traders focus on rising Treasury yields.FXEmpire2024-10-23

Canadian Dollar Post-BOC Rate Cut: USD/CAD Pushes Tepid Initial Breakout

The 50 bp cut from the Bank of Canada was well priced-in ahead of this morning's announcement, and several longer-term resistance levels sit overhead around 1.3900, 1.3950 and 1.4000.Forexcom2024-10-23

USD/CAD holds gains near 1.3850 as BoC cuts interest rates to 3.75%, as expected

The USD/CAD pair remains firm near 1.3850 as the Bank of Canada (BoC) has reduced its key borrowing rates by 50 basis points (bps) to 3.75%. This is the fourth straight interest rate cut by the BoC in a row.FX Street2024-10-23

USD/CAD: BoC policy decision is nigh – Scotiabank

The Canadian Dollar (CAD) is holding relatively steady against the strong USD ahead of the Bank of Canada policy decision and MPR at 9.45ET. Governor Macklem and Senior DG Rogers hold their press conference at 10.30ET, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-23

AUD/CAD Technical: BoC Jumbo Cut of 50 bps May Have Already Been Fully Priced In

In a few hours' time today, the Bank of Canada (BoC) will announce its latest monetary policy decision where the consensus is expecting a fourth consecutive interest rate cut to its key policy interest rate with a higher magnitude of 50 basis points (bps) to bring it down to 3.75%.Action Forex2024-10-23

USD/CAD trades sideways as BoC policy takes centre stage

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3800 in Tuesday's European session. The Loonie pair trades back and forth, with investors focusing on the Bank of Canada's (BoC) interest rate decision, which will be announced on Wednesday.FX Street2024-10-22

USD/CAD Sweeps Sellers as Bank of Canada Poised to Cut Rates

The Canadian dollar remains under constant selling pressure amid falling crude oil prices and lower inflation, which prompted the Bank of Canada to propose a massive rate cut at its next meeting. Let's find out more about the technical and fundamental aspects of the USD/CAD pair.FXEmpire2024-10-22

GBP/CAD Exchange Rate Forecast: BoC Decision to Hammer the Canadian Dollar?

GBP/CAD Volatile amid UK and Canadian Inflation The Pound Canadian Dollar (GBP/CAD) exchange rate slumped to an eight-day low last week due to the UK's weaker inflation reading, although it did manage to bounce back. At the time of writing, GBP/CAD traded at CA$1.7990, having recovered its losses after hitting an eight-day low of.ExchangeRates2024-10-22

U.S. Dollar Gains More Ground: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency tests multi-month highs as traders stay bullish.FXEmpire2024-10-22

USD/CAD: CAD remains weak and oversold – Scotiabank

The Canadian Dollar (CAD) has had a minor reprieve this morning as it holds little changed on the session but some 20 ticks above yesterday's low against the USD in the mid-1.38s, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-22

USD/CAD Price Forecast: Aims to revisit over two-month high of 1.3840

The USD/CAD pair extends its winning spree for the third trading session on Monday. The Loonie pair sustains above 1.3800 and aims to recapture the 11-month high of 1.3840 ahead of the Bank of Canada's (BoC) interest rate decision, which will be announced on Wednesday.FX Street2024-10-21

USD/CAD forms double-bottom, golden cross ahead of BoC decision

The USD/CAD exchange rate rose for three consecutive days and was hovering near its highest level since August 6 ahead of the closely-watched Bank of Canada (BoC) interest rate decision.  The pair rose to a high of 1.3815 on Monday, up by almost 3% from its lowest point in September.Invezz2024-10-21

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

U.S. dollar tests multi-week highs as traders focus on rising Treasury yields.FXEmpire2024-10-21

Weekly Technical Outlook – USDCAD, EURUSD, GBPUSD

USDCAD is back in the 1.3800 territory and a short distance below October's high of 1.3837 as investors expect the Bank of Canada (BoC) to slash interest rates by 50bps 3.75% on Wednesday. The pair has found support near the former resistance at 1.3780, increasing potential for a bullish continuation.XM2024-10-21

USD/CAD: Markets await BoC – Scotiabank

The Canadian Dollar (CAD) is one of the better-performing currencies on the session when looking at overall ground lost versus the USD on the session but it is trading at session lows against the USD as our trading day gears up, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-21

USD/CAD consolidates near 1.3800 ahead of Fed speakers

The USD/CAD pair trades in a tight range near the round-level resistance of 1.3800 in Friday's European session. The Loonie pair trades sideways as investors await speeches from a slew of Federal Reserve (Fed) officials, who are scheduled to speak in the North American session.FX Street2024-10-18

GBP/USD Takes Hit While USD/CAD Remains in Uptrend

On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3400 resistance zone. The British Pound started a downside correction and traded below the 1.3200 support zone against the US Dollar.Action Forex2024-10-18

USD/CAD Price Forecast: Tests 1.3800 in an attempt to re-enter the ascending channel

The USD/CAD pair maintains its position on recent gains from the previous session, trading around 1.3800 during the Asian hours on Friday. On the daily chart, the analysis shows that the pair is testing the lower boundary to return to the ascending channel pattern, which, if remains within the channel, supports the bullish trend.FX Street2024-10-18

U.S. Dollar Retreats On Profit-Taking: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders take some money off the table after dollar's rally.FXEmpire2024-10-18

USD/CAD Price Forecast: Strives to break above 1.3800 on BoC dovish bets

The USD/CAD pair gathers strength to break above the immediate resistance of 1.3800 in Friday's North American session. The Loonie pair remains firm as the Canadian Dollar (CAD) weakens on expectations that the Bank of Canada (BoC) could announce a super-size interest rate cut of 50 basis points (bps) in its monetary policy meeting on Wednesday.FX Street2024-10-18

USD/CAD: Spreads remain a headwind – Scotiabank

The Canadian Dollar (CAD) is little changed against the USD, with spot holding close to 1.38 on the day. The CAD's slide against the USD steadied through mid-week which was not unexpected, given the extended and sustained drop seen since the start of the month, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-18

USD/CAD rises toward 1.3800 ahead of US Retail Sales data

USD/CAD gains ground due to solid US Dollar (USD), which could be attributed to the fading likelihood of further bumper rate cuts by the Federal Reserve (Fed) following strong US labor and inflation data. The USD/CAD pair trades around 1.3770 during the early European hours on Thursday.FX Street2024-10-17

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

The better-than-expected Retail Sales report provided additional support to the American currency.FXEmpire2024-10-17

Midweek Technical Look – EURJPY, USDCAD, Gold

EURJPY in a wait-and-see mode ahead of ECB's rate decisionUSDCAD looks overbought after fast rally to two-month highGold starts a new bullish wave. Will it hit a new record high?XM2024-10-17