) that implement policies that affect the economy of the country. It is measured among others by the CPI (Core Price Index) and the PPI (Production Price Index). Inflation is another economic value that is important for this pair. In Canada, the organizations and people that affect the most the moves of the pair are: Bank of Canada (BoC, Canadas Central bank) that issues statements and decides on the interest rates of the country. The currency pair was in a downtrend during the Asian session as the greenback pulled back across the board due to the risk-on market sentiment. The currency pair has been range bound despite the commodity-linked loonie being relatively weak due to the massive drop in global crude oil prices as tracked by the. In the USA, we have: The, uS Government (and its President, donald Trump events as administration statements, new laws and regulations or fiscal policy can increase or decrease the value of the US Dollar and the currencies traded against it, in this case the Canadian. Canada national employment report by, aDP Canada in the early American session served to weaken the loonie. The release of the, uS advance retail sales figures for October by the, census Bureau also boosted the pair as the print beat expectations.3. The, uSD cAD currency pair today traded between an opening high.3249 and a low.3207 and was within the range at the time of writing.
Forex usd cad news
Fed, the Federal Reserve of the United States whose president. The Canadian Dollar is often considered a 'Commodity Currency' due to the large deposits of natural resources, especially Oil that is mined and exported from Canada; particularly with their neighbor to the south. The, uSD cAD currency pair was trading.3226 as at 14:38 GMT having risen from a low.3207. Resurgent US Dollar demand on Thursday, supported by the latest fomc monetary policy update, reaffirming the gradual rate hike path, helped the pair to snap four. If you have any questions, comments or opinions regarding the Canadian Dollar, feel free to post them using the commentary form below. The, uSD cAD pair struggled to build on overnight modest recovery and was seen oscillating in a narrow trading range, above the.30 psychological mark. The currency pairs future performance is likely to be influenced by global oil prices as well as tomorrows US industrial production, and manufacturing production reports. The mixed US import and export prices also boosted the pair, while the high unemployment claims figures released by the, department of Labor limited the pairs gains. The release of the. The Canadian Dollar is often called 'The Loonie' because of the picture depicting a loon on the Canadian 1 coin. CAD exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the.
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