2012-09-24T13:08:54+0000

September 21st, 2012 12:06:43 GMT.

M&A talk weighing on USD/CAD

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The Canadian dollar is lagging its commodity compadres today but still making progress. USD/CAD earlier stalled out ahead of Wednesday’s lows at 0.9725 and has bounced to 0.9748. The top story in Canada’s national newspaper today is about foreign suitors … Continue reading

2012-09-21T12:06:43+0000

September 19th, 2012 16:40:23 GMT.

USD/CAD stalls out after topside test

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USD/CAD has been a frustrating trade for bears like me. The post-FOMC losses haven’t materialized despite higher stocks and commodities. I believe EUR/CAD short-covering has broadly hurt CAD. USD/CAD climbed as high as 0.9764 where offers from ACB prompted a … Continue reading

2012-09-19T16:40:23+0000
2012-09-17T18:13:24+0000

September 17th, 2012 13:06:00 GMT.

Canadian home sales slump in August

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CREA reports that Canadian home sales fell 5.8% in August, compared to July. Prices, however, were up 1.1%. USD/CAD is flattish today at 0.9712. In the long-term, house prices are the major risk to Canadian dollar strength.

2012-09-17T13:06:00+0000
2012-09-13T17:42:39+0000

September 13th, 2012 17:07:28 GMT.

USD/CAD falls to 13-month low

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Took out support from the early week at 0.9713. No follow through yet. Bids littered down to 0.9700, stops below. More bids at 0.9675. Commodity currencies are the flag-bearers in the dollar slump.

2012-09-13T17:07:28+0000
2012-09-12T19:34:30+0000
2012-09-07T12:14:47+0000

September 7th, 2012 10:57:38 GMT.

USD/CAD homing in on the 0.9800 barrier

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Just ahead of the ‘Mounties’ employment data at 1230 GMT, but support ahead of barrier is supposed to be fairly solid and  may well hold the pair. The ‘Loonie’s’ currently trading around 0.9813 after a recent low of 0.9805

2012-09-07T10:57:38+0000
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