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US Dollar Takes NFP Hit But Ends Up Higher on the Week
The US dollar fell on Friday after the U.S. non farm payrolls (NFP) came in below expectations with only a gain of 157,000 but otherwise the unemployment rate dropped to 3.9 percent and wage growth...
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Dollar Mixed Ahead of Busy Week in the Market
The US dollar is mixed on Friday against major pairs. The US economy grew at a 4.1 percent pace on the second quarter according to the first estimate. The number came in right on the forecast which had...
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USD/CAD – Canadian Dollar Steady as GDP Beats Estimate
The Canadian dollar continues to gain ground in the Thursday session, after posting sharp gains on Wednesday. In the North American session, USD/CAD is trading at 1.2845, down 0.24% on the day. On the...
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USD/CAD – Canadian Dollar Steady Ahead of Canadian GDP
The Canadian dollar continues to trade quietly. In the Tuesday session, USD/CAD is trading at 1.2869, up 0.20% on the day. On the release front, Canada releases GDP, which is expected to rebound with a...
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USD/CAD – Canadian Dollar Dips, Inflation Data Next
The Canadian dollar has lost ground in the Monday session, erasing the gains seen on Friday. Currently, USD/CAD is trading at 1.2873, up 0.34% on the day. In Canada, the focus is on inflation data. The...
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USD/CAD – Canadian Dollar Shrugs off Soft GDP
The Canadian dollar continues to trade quietly on Thursday. In North American trade, USD/CAD is trading at 1.2902, down 0.18% on the day. On the release front, Canada GDP declined 0.1%, missing the...
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US Dollar Falls as Trade War Anxiety Triggers Flight to Safety
The US currency is weaker against all major pairs as US tariffs targeting China were announced. The USD was trading higher on Wednesday after the U.S. Federal Reserve hiked interest rates by 25 basis...
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USD/CAD – Canadian Dollar Edges Lower Ahead of GDP
The Canadian dollar has posted slight losses in the Friday session. Currently, USD/CAD is trading at 1.2859, up 0.17% on the day. On the release front, Canada releases GDP, with the markets braced for...
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Fed Rhetoric to Drive Dollar
US central bank members in full force on Friday The USD appreciated during the week against major pairs. The currency got a boost from the release of the minutes from the January Federal Open Market...
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USD/CAD Canadian Dollar Higher After Strong GDP and Persistent USD Weakness
The Canadian dollar is higher on Wednesday after the economy accelerated its growth in November. Canadian GDP is posted monthly and showed a gain of 0.4 percent in November. The Canadian economy...
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USD/CAD – Canadian Dollar Improves, GDP Next
The Canadian dollar has posted slight losses in the Wednesday session. Currently, the pair is trading at 1.2281, down 0.45% on the day. On the release front, Canada releases GDP for December, which is...
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US Jobs and Fed to Guide Dollar
Dollar Lower Awaiting Employment Data and Fed Statement Chair Yellen’s Last Fed Meeting as Chair The USD is trading lower versus most majors ahead of US President Donald Trump’s first State of the...
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USD/CAD – Canadian Dollar Trading Sideways, GDP Next
The Canadian dollar continues to show little movement this week. In the Tuesday session, the pair is trading at 1.2424, down 0.12% on the day. On the release front, there are no Canadian events. In the...
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USD/CAD – Canadian Dollar Ticks Higher, Canadian GDP, Employment Change Next
The Canadian dollar’s slide has paused on Friday, after four straight losing sessions. Currently, USD/CAD is trading at 1.2882, down 0.12% on the day. The Canadian dollar has suffered a rough week,...
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Dollar Drops in Thanksgiving Week with US Taxes in Spotlight
December Fed rate hike priced in but fundamentals favour EUR The US dollar depreciated on Friday touching a five week low against major currencies. The US Thanksgiving holiday truncated the week with...
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Canada: Monthly Survey of Manufacturing, September 2017
Manufacturing sales rose 0.5% to $53.7 billion in September, reflecting higher sales in the petroleum and coal product industry. Overall, sales were up in 7 of 21 industries, representing 28.9% of the...
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The Canadian Economy Just Shrank Unexpectedly
Canada’s economy unexpectedly contracted in August, adding to signs of cooling following a torrid pace of growth in the first half of this year. Highlights of August GDP Report Canada’s GDP shrank 0.1%...
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USD/CAD Canadian Dollar Higher After Stronger 2Q GDP
The Canadian dollar appreciated versus the US dollar on Friday after the monthly gross domestic product (GDP) in May tripled forecasts. The rebound in oil production put Canadian growth at 0.6 percent...
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USD/CAD Canadian Dollar Lower After Dollar Rebound
The Canadian dollar depreciated on Thursday against the US dollar after US economic releases were positive and gross domestic product (GDP) forecasts were upgraded for the second quarter. The Trump...
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USD/CAD Canadian Dollar Lower on Oil Drop and US Tax Plans Hope
The Canadian dollar had a negative trading session on Monday. The loonie was pressured downwards as the price of oil retreated and the USD advanced on the hopes President Trump will present a tax...
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