Canadian dollar edges lower on sharp drop in oil prices

Canadian dollar edges lower on sharp drop in oil prices

10-year yield hits a near six-week low

Is ‘Sell Canada’ the New Trade of the Day?

futures present a selling opportunity on more price weakness. See on the daily bar chart for the March Canadian dollar futures that prices this week hit a four-week low and are also trending down. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator…

Canadian Dollar slips as USD/CAD enters consolidation – Scotiabank

The Canadian Dollar (CAD) is soft and entering Thursday’s NA session with a modest decline vs. the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Iran headlines continue to dictate FX price action

USD The greenback regained composure on Wednesday after the jitters seen earlier in the week, with markets content to largely continue looking through US data releases. On Tuesday, that meant ignoring another soft CPI print. This was followed up yesterday with PPI and retail sales figures. While the data broadly landed hotter than expected, the dollar impact proved minimal. Rather than macro data, it was mixed messaging around US tensions with I…