|Day's Range||1.276 - 1.276|
|52 Week Range||1.2062 - 1.3792|
The US dollar fell as low as the 1.25 region during the week but bounced enough to show signs of life. On Friday, we guide a very negative outcome when it comes to the CPI numbers coming out of Canada, so this only exacerbated the upward momentum.
The US dollar has initially pulled back during the trading session on Friday, reaching down towards the 1.2625 level, but finding enough bullish pressure turn around and go much higher, reaching towards the vital 1.2750 level.
Investing.com - The dollar surged on Friday, driven higher by a rising yield on U.S. Treasury notes.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at a two-week high, rising 0.59% to 90.17 by 10:32 AM ET (14:32 GMT)U.S. bond yields crept back up on Friday, with the United States 2-Year note climbing to its highest level since September 2008, at 2.449. The yield on the United States 10-Year Treasury note rose to 2.940.Prices fall as bond yields rise. A spike in U.S. ...
The US dollar pulls back a bit during the Thursday session initially, but also turns around find a bit of support at the 1.26 region. I think at this point it comes down to oil, and what it does next. The oil markets have been very bullish, so that would perhaps pray tell a move lower in this pair, but it looks like were trying to see some type of fight.
Given the USDJPY’s sustained trading above fortnight-old ascending trend-line, the pair is likely to challenge the 107.85-90 horizontal-resistance, which if broken could escalate its recovery towards 108.45 and the 108.90 north-side numbers. If prices keep rising after 108.90, the 109.30 and the 109.80 can offer intermediate halts during its rally to 110.50. In case of the pullback, the 107.15 may become nearby rest for the pair ahead of highlighting the 106.90 TL, breaking which 106.60 & 106.10 shouldn’t be missed if holding short positions. Moreover, the 105.60 and the 105. ...
The US dollar initially tried to rally against the Canadian dollar during the session on Wednesday but found the 1.26 level to be a bit too resistive.
Investing.com – The dollar remained under pressure against a basket of major currencies despite a slump in the Canadian dollar as traders fretted dovish comments from a Fed official.
Investing.com - The dollar eased back from earlier highs on Wednesday, as the Bank of Canada left rates unchanged and the pound and euro recovered from earlier losses.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.00% to 89.29 by 11:02 AM ET (15:02 GMT).The Bank of Canada (BoC) decided to keep its benchmark interest rate unchanged on Wednesday.As expected, the BoC said it was holding its overnight cash rate steady at 1.25%. ...
The Canadian dollar fell against its U.S. counterpart on Wednesday, as the Bank of Canada left interest rates unchanged at 1.25%, in line with expectations. In its statement, the BOC noted that Canada's consumer price inflation is close to the 2% target, with factors that previously weighed on the measure having largely dissipated. Rate hikes over time remained feasible, the BOC said, though key data points needed to be watched closely.
Investing.com - The dollar gained ground against a basket of the other major currencies on Wednesday as the pound and the euro both weakened after softer than expected inflation readings in the UK and euro zone.
Investing.com - The dollar rose against the yen on Wednesday amid improving risk appetite as concerns over trade friction between the U.S. and China and tensions in the Middle East subsided.
The US dollar went sideways against the Canadian dollar during trading on Tuesday, as it looks for clarity. I still think that we have more selling pressure than buying pressure, but we may need to build up some type of momentum.
Investing.com – The dollar rebounded against a basket of major currencies from a slump in the previous day as positive U.S. economic data lifted sentiment.
The dollar rose on Tuesday, as Middle East and China-U.S. trade relations eased. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.20% to 89.32 by 11:21 AM ET (15:21 GMT). The dollar had come under pressure on Monday after U.S. President Donald Trump tweeted that Russia and China have devalued their currencies.
This week should be important for the CAD. We do have an interest rate decision, statement, the CPI, and the Retail Sales data. Ahead of those events, CAD is very strong. USDCAD is going down for the past few weeks and it looks like this movement will continue. Currently, the price is creating the rectangle pattern, which promotes a breakout of its lower line and a further drop.
A dovish RBA and weak economic data out of China weighed through the Asian session, with the day ahead a busy one on the economic calendar, bringing the Pound, the EUR and the Dollar into focus.
During the Monday session, the US dollar did very little against the Canadian dollar, as we continue to go sideways in general. The last couple of sessions have all been reasonably quiet and range bound, and I think that is the market trying to decide whether the 1.26 level will offer enough interest for the market to bounce.
Investing.com – The dollar fell against a basket of major currencies despite a rise in retail sales for the first time in four months as a strong rally in sterling added to downside momentum.