The US$ continues to retreat from its recent highs against most major currencies this week. US data boosted Canada’s export outlook, and firmer oil saw US$ continue lower against C$. Eyes will be on Cad GDP today, a positive number could see US$ fall back towards the lows seen in early April. ...

The currency markets are in a holding pattern ahead of the release of USD GDP data. Any slippage in actuals vs expectations could see a quick sell off of US$ back to March levels. US$ slipped slightly overnight against C$, despite weaker oil prices and expected increase in production from OPEC. A br...

The US$ rally vs C$ appears to be stalling. The US$ is holding below key resistance points as stronger oil prices are having a positive impact for C$. Strong results from the US economic data today, may be needed for US$ to breach higher. A failure to break through key resistance points this week, c...

US$ continued to strengthen against all major currencies overnight, with the US$ index hitting its highest level since June 2017. US$ against C$ hit its highest level for a month, but remains below key resistance point. BOC is not expected to change key rates today and despite the higher oil prices,...

Oil prices hit six month highs on the back of US tightening Iran sanctions. Stronger oil prices could have a positive impact on C$, but so far the response has been minimal. Our bias remains to buy US$ on dips against C$, with BOC expected to keep rates on hold at Wednesday’s meeting, we don&#...