CAD

USDCAD trades to a new low

• Trades to a lower low for the 10th day in a row

The Canadian dollar is the top-performing G10 currency this year. What's next

• It's the only one to outperform the US dollar

New lows for the USDCAD as oil moves back above $120

• 9th day in a row of lower lows

USDCAD skims the lows from yesterday, but can't get through. That may be a key clue....

• Two moves above the 100 hour MA failed

Canada May Ivey PMI 72.0 vs 66.3 prior

• Canadian manufacturing survey from Western University's business school

Canada April trade balance +1.50B vs +2.90B expected

• Canadian April 2022 trade balance data

USDCAD moves back toward unchanged.More work to do to increase the short-term bullish bias

• Price closed last week at 1.25854

Commodity currencies lose ground as the risk mood darkens

• Risk appetite deteriorates

Citi not ruling out a 75bp Bank of Canada rate hike ahead - watching inflation

USDCAD tests lows from yesterday and bounces. Pair trades in a narrow trading range.

• Trading in an up and down swing area

Canada April building permits -0.6% vs +0.7% expected

• April 2022 Canadian building permits data

USDCAD rebounds after initial dip on Bank of Canada tightening

• Bank of Canada raise rates by 50 basis points as expected

Canada S&P Global PMI 56.8 vs 56.2 prior

• Canadian manufacturing survey from S&P Global

US dollar loses ground against the commodity currencies

• AUD and CAD lead the way

Why the Bank of Canada might hit the brakes sooner rather than later

• The Bank of Canada decision is on Wednesday