USDCAD Exchange Rate

The Canadian dollar weakened against its major counterparts in the New York session on Friday, as oil edged lower on China demand concerns.

The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of July. The report said the consumer sentiment index for July was upwardly revised to 66.4 from the preliminary reading of 66.0. Economists had expected the reading to be unrevised.

The U.S. dollar climbed against its major counterparts in the New York session on Friday, after a data showed that the personal consumption expenditures price index crept up in line with economist estimates in the month of June.

Consumer prices in the U.S. crept up in line with economist estimates in the month of June, according to a highly anticipated report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in June after coming in unchanged in May. The uptick by the index matched expectations.

The USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction.

BoC policy meeting may send loonie even lower; US Core PCE index could drive gold south; EURUSD may not affected by Eurozone PMIs figures

French elections help euro to recoup some losses; Friday’s NFP report is the week’s main driver as USDJPY holds near highs; Canadian employment report next in focus with USDCAD in range

US Core PCE index could affect EURUSD’s performance; Canadian CPI expected to fall; USDCAD still falling; AUDUSD may remain in range after Australian CPI