U.S. Dollar / Canadian Dollar

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U.S. Dollar / Canadian Dollar forum


USDCAD A combination of downbeat US macroeconomic data, investors’ frustration amid a lack of progress on US trade negotiations, the uncertain tariffs scenario, and rising concerns about US debt keeps feeding a “sell America” trade that has hammered the Dollar over the last two months.

USDCAD The US Dollar’s recovery has been short-lived. A frail rebound witnessed on Wednesday’s late US market session was capped below 1.3700, and the pair resumed its broader downtrend on Thursday to test year-to-date lows, at 1.3650.

USDCAD The US Dollar drops across the board as the specter of a US recession returns. Weak US data is feeding hopes of a Fed rate cut in September. A “hawkish hold” by the BoC provided fresh support for the CAD on Wednesday.

USDCAD - 1 HR Chart
Position Opened @ 1.3669 - Buy

USDCAD really not impressed, my US equity positions are up yet this lame exchange rate is eating into it, down 8% after forex and this trend seems to be continuing, maybe will get back to 1.3 equilibrium

USDCAD i think we have finally found the lows now its time for the highs



USDCAD GBPUSD AUDUSD while the USD is going down this week i do believe tomorrow will be a calm day and the main push will be after NFP
Snapshot

USDCAD The USD/CAD pair remains under selling pressure around 1.3675 during the early Asian session on Thursday. Weaker US economic data and mounting economic and political uncertainty weigh on the US Dollar broadly