USDCAD Exchange Rate

The Canadian dollar moved down against its major counterparts in the New York session on Wednesday, following the release of weak retail sales data for February.

With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of March. The report said durable goods orders soared by 2.6 percent in March after climbing by a downwardly revised 0.7 percent in February.

With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of March.

The U.S. dollar weakened against its major counterparts in the New York session on Tuesday, after the release of weaker-than-expected flash PMI data for the month of April.

USDCAD pauses aggressive bull run near five-month high. Faces resistance around 1.3800, but remains supported above 1.3690.

USDCAD pauses aggressive bull run near five-month high. Faces resistance around 1.3800, but remains supported above 1.3690.

USD/CAD trades higher again, tests strong resistance level; It is the bulls' first attempt to break above the current trend channel; Momentum indicators are mixed with a possible bearish divergence developing

The Dollar Index surged on the back of robust inflation data, surprising investors and challenging expectations of an imminent rate cut. US Consumer Price Index (CPI) figures outpaced forecasts for the fourth consecutive month, reaching 3.5% over the 12 months to March. This unexpected inflationary pressure prompted a reevaluation of market sentiments regarding Federal Reserve policy moves.