Loonie

16 September 2024
Dollar weakens against yen as Fed rate cut looms

The dollar weakened further on Monday, reaching 139.58 yen as investors grew increasingly confident that the Federal Reserve might implement a larger-than-expected rate cut later this week. This recent dip marks a continuation of the dollar’s retreat from 140.285 yen, …

26 July 2024
Canadian dollar dips in anticipation of key economic data releases 

CAD weakens against USD as the markets await the May manufacturing and wholesale sales data of Canada. Read more for forecasts and the market implications.

5 July 2024
Canadian dollar rises to one-month peak before domestic jobs report

The loonie strengthened to a one-month high against its U.S. counterpart on Thursday. This rise occurred as the greenback posted broad-based declines ahead of domestic jobs data, which could influence expectations for further interest-rate cuts by the Bank of Canada.

20 June 2024
Canadian dollar holds steady close to one-week high after BoC minutes

Key points: Loonie touches a one-week high at 1.3699 BoC minutes reveal the bank considered delaying rate cuts Price of U.S. oil dips 0.1% Bond yields rise across the curve The Canadian dollar held its ground against the U.S. dollar …

6 June 2024
Loonie sees mixed performance as central bank cuts interest rates for homeowners 

Key points:  Bank of Canada cuts interest rates for the first time in four years, signaling more to come.  Canadian dollar (CAD) experiences mixed performance against other currencies following rate cut.  Homeowners across Canada are breathing a sigh of relief …

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