USD/CAD goes up notwithstanding positive Canadian data

USD/CAD goes up notwithstanding positive Canadian data

On Friday, the greenback rallied versus its Canadian rival, notwithstanding the publication of positive data from Canada as well as overall caution as for the US currency because a steep dive in crude prices affected demand for Canada's commodity-related currency.

The currency pair USD/CAD rallied 0.17% being worth 1.2442.

Market sentiment on the US dollar was still fragile as on Thursday American lawmakers were unable to agree on a federal budget deal. It powered fears of a probable government shutdown already this weekend.

Another factor was that the yield on the American 10-year Treasury demonstrated its highest value since 2014.

In Canada, Friday’s data revealed that in November manufacturing sales tacked on 3.4%, surpassing hopes for a 2.0% leap. As for manufacturing sales, they lost 0.6% in October.

The Canadian dollar was still the downside right after on Wednesday the Bank of Canada lifted its overnight cash rate from 1% to 1.25%.  

Versus the common currency the Loonie slumped, with EUR/CAD adding 0.17% trading at 1.5225.




Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera