Canadian Dollar Strengthens Above 1.3650 Ahead of Canada's GDP, US PPI Data

USD/CAD Holds Steady: Remarkable Stability As US PPI Beats Forecasts While Canadian GDP Contracts

BitcoinWorld USD/CAD Holds Steady: Remarkable Stability as US PPI Beats Forecasts While Canadian GDP Contracts The USD/CAD currency pair demonstrated remarkable stability in Thursday’s trading session, holding steady around 1.3650 despite contrasting economic data releases from both nations. This unexpected steadiness occurred as the United States reported stronger-than-expected Producer Price Index figures while Canada revealed a surprising con…

USD/CAD Range Trades Below 1.3700 Ahead of Key Data - ActionForex

USDCAD drifts sideways between the 20- and 50-day SMAs. Momentum indicators reflect a wait‑and‑see stance. USDCAD continues to consolidate within the tight 1.3650-1.3710 range defined by the 20‑ and 50‑day simple moving averages (SMAs), trading near 1.3670. The pair sits at a technical inflection point as markets await key releases from both economies – US […] The post USD/CAD Range Trades Below 1.3700 Ahead of Key Data appeared first on ActionF…

Canadian Dollar strengthens above 1.3650 ahead of Canada's GDP, US PPI data

The USD/CAD pair trades with mild losses near 1.3675 during the Asian trading hours on Friday. US policy fog continues to weigh on the US Dollar (USD) against the Canadian Dollar (CAD).

Familiar ranges for FX markets

CAD The Canadian dollar maintained its positive tone yesterday, with USDCAD breaking below 1.37 as investors favoured risk and oil prices held steady. With no domestic releases of note, CAD traded off external drivers. That said, Friday’s Q4 GDP report is the key event of the week for the loonie; consensus expects a modest annualised contraction, but monthly data should point to an improvement late in the quarter, moderating any negative implica…

USD/CAD Forecast: Canadian Dollar Holds Gains Above 1.3650

The USD/CAD pair trades slightly lower near 1.3670 during Thursday’s early European session. The US Dollar weakens against the Canadian Dollar as uncertainty around US economic policy and renewed concerns over higher import tariffs pressure the Greenback. Investors are now awaiting Canada’s Gross Domestic Product (GDP) figures and the US Producer Price Index (PPI) report […] The post Canadian Dollar stays firm above 1.3650 as US tariff worries w…