The Canadian dollar has strengthened against the US dollar as the value of Oil strengthens and additional jobs are added to the Canadian economy. In fact, this past week the loonie has rose 1.8%, making it the greatest gain in 8 months. Global News reports that...
The Federal Reserve has raised the interest rate for the first time since 2006 by 0.25%. The Fed’s decision lifts its targeted rate range to 0.25% to 0.50% from the current 0% to 0.25%. The key signal from the policy-makers was that they will “gradually”...
The price of oil has dropped to almost half since June 2014. This is largely fuelled by an increase in manufacturing and global oil inventories, all while there is lower demand for oil due to slowing economies and countries becoming more energy efficient. Recent U.S....
Central Bank Release for September 2015 These federal bank releases can have a significant impact on the currency exchange rates for the listed currencies. Many analysts expect the US Federal Reserve to increase interest rates which would strengthen the US Dollar. The Bank of Canada has...
US DOLLAR FOREIGN EXCHANGE NEWS This week we have no Canadian data being released. South of the border we have: Monday : Existing Home Sales Numbers Tuesday: Durable Goods Orders, Flash Manufacturing PMI and FOMC Member speaking Wednesday: GDP Data Thursday: Weekly Unemployment Claims Friday: University of Michigan Consumer Sentiment The leading...
News to watch for this week (May 11 - May 17, 2015): Friday's (May 08, 2015) US employment data came in line with expectations and stabilized the US Dollar heading into this week. News to watch for this week related to the USD exchange rate: Tuesday: JOLTS Job...
Good news for Canadian Dollar| Currency Exchange | Currency Converter| It seems the benefits of a weaker Canadian dollar are finally filtering through to the country’s manufacturing sector. Manufacturing sales climbed 1.7% in December, according to Statistics Canada’s report today. This caused the foreign exchange rate...
Currency Exchange| Fall of Canadian dollar isn't over yet The Canadian dollar is at its weakest levels, hitting a low of $79.63 cent U.S. this morning. The loonie dropped lower due to continuously falling oil prices, and central bank’s policy of maintaining its low interest rates...
Global economic events for week of Jan. 26 – 31, 2015 to watch for Foreign Exchange Traders Monday January 26, 2015 Bank of Israel (New Shekels) releases a policy statement Tuesday January 27, 2015 National Bank of Hungary (Forint) releases a policy statement Federal Reserve (US Dollar) begins a two-day...
Economic Events this week likely to affect US Dollar Exchange Rates Tuesday January 27, 2015: Data coming out this day likely to affect “US Exchange Rate” Durable Goods Orders S&P Case-Shiller Home Price Index New Home Sales Consumer Confidence Index Wednesday January 28, 2015: The US Federal Reserve will conclude its two day...