All posts by Payments International

Wednesday April 3rd, 2019

C$ recovered to yesterday’s high’s overnight as oil, metals and grains are all strong. We foresee more strength today and going into tomorrow providing a good C$ selling opportunity. After two weeks of strength approaching six-month highs the US$ weakened overnight as the market absorbed yesterd...
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Tuesday April 2nd, 2019

C$ remains quietly strong overnight on strong energy prices and Bank of Canada’s positive economic outlook. C$ looks to have further strength but this is now the best selling opportunity in over a week. The US$ remains strong, rallying almost 2% over the last two weeks, providing an opportunity fo...
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Monday April 1st, 2019

The C$ is rallying to a new weekly high on higher than expected economic numbers. We expect continued C$ strength today with the long-term trend remaining downward. The US$ is weaker this morning after rallying strongly to new three-week highs. There is likely more US$ weakness today and tomorrow in...
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Friday March 29th, 2019

After almost two weeks of declines the C$ is finding support this morning as oil and base metals are rallying strongly. Next week should provide a better opportunity for C$ sellers. The US$ has strengthened almost 2% over the last 9 days and is likely to remain volatile. Some weakness is overdue and...
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Thursday 28 March, 2019

C$ is under pressure overnight approaching new monthly lows due to lower crude prices and lower interest rates. Economic numbers are due tomorrow which might give C$ weakness a pause, but the long-term trend remains down. The US$ is strong approaching new highs for the year. Economic numbers today w...
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Wednesday March 27th, 2019

The C$ is lower overnight giving up everything that was gained yesterday despite strong oil prices. We see C$ continuing to weaken over the longer term as Canadian bond yields weakened to less than 1.6%, so any rally is an opportunity to sell C$. The US$ has been trading in a wide range the last [&h...
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March 26th, 2019

Canadian Dollar weakness appears to have stalled with the prospect of weaker US rates. We may see a test of February US$ lows which should provide an opportunity to buy US$ on dips. Global FX markets appear calmer across the board, we anticipate markets to be remained range bound awaiting fresh data...
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Monday March 25th, 2019

The C$ has fallen to a two-week low and remains weak this morning heading to new monthly lows. The market is blaming the weakness on interest rates that could hurt a weakening economy. Any C$ strength today is a selling opportunity. Unlike Canada, the US shows no signs of an immanent recession. With...
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Friday March 22, 2019

A budget that increases the deficit, declining housing and weak economy are likely to keep rates down and are driving the C$ to a new weekly low. Any strength today would be a good opportunity to sell C$ as the trend remains towards weakness. The US$ has fully recovered from the weakness of two days...
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Thursday March 21, 2019

The US$ fell to a six-week low yesterday before rebounding this morning on news that the Federal Reserve wouldn’t raise rates for the rest of the year. A re-test of the lows is likely over the next couple of days providing a buying opportunity with a view towards continued US$ strength. The C$ is ...
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