BRP has recorded a first-quarter loss as revenues fell compared with a year earlier, saying it would lower production to reduce network inventory amid current macroeconomic challenges. Chainlink price has flashed multiple sell signals after its recent climb, hinting at a short-term correction. This signal comes despite a double-digit growth in its social volume. LINK bulls need to exercise caution as this forecast is backed by on-chain metrics.

EUR/USD rises toward 1.0850 after EU inflation data

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Authors and topics you follow will be added to your personal news feed in Following.

USD to CAD Chart

These currency charts use live mid-market rates, are easy to use, and are very reliable. USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar.

News & Analysis

1. BRP has recorded a first-quarter loss as revenues fell compared with a year earlier, saying it would lower production to reduce network inventory amid current macroeconomic challenges.
2. Canadian trade balance numbers fell in the first quarter, but less than expected, helping to bolster the CAD.
3. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency.
4. Canada saw a -5.37 billion contraction in its Q1 Current Account, worse than the previous quarter but still better than median market estimates.
5. Relatively higher interest rates tend to be positive for the CAD.

Our currency rankings show that the most popular Canadian Dollar exchange rate is the CAD to USD rate. Our currency rankings show that the most popular US Dollar exchange rate is the roboforex review USD to USD rate. The Bureau of Economic Analysis will release the Personal Consumption Expenditures (PCE) Price Index figures, the Fed’s preferred measure of inflation, for April.

How does economic data influence the value of the Canadian Dollar?

Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency.

How will US Dollar react to Fed’s favourite gauge of inflation? – LIVE

All market data (will open in new tab) is provided by Barchart Solutions.

The Canadian dollar strengthened against the greenback, which held steady ahead of inflation data. The Canadian Dollar is often referred to as ‚The Loonie‘, because of the loon bird that draws the attention on the $1 Canadian coin. The CAD is the 7th most commonly traded currency in the world, and can be denoted with either a traditional ‚$‘ sign, or ‚C$‘ to differentiate it from other Dollar-based currencies. Information is provided ‚as is‘ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab). These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods.

Check live rates, send money securely, set rate alerts, receive notifications and more. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its https://www.broker-review.org/ largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. Live tracking and notifications + flexible delivery and payment options. Create a chart for any currency pair in the world to see their currency history.

The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive.

If economic data is weak, however, the CAD is likely to fall. These are the average exchange rates of these two currencies for the last 30 and 90 days. The Canadian Dollar (CAD) is rebounding on Thursday, recovering ground previously lost in the midweek market session as broad market flows in the Greenback dictate overall market sentiment. Canadian trade balance numbers fell in the first quarter, but less than expected, helping to bolster the CAD.

But that’s unlikely to stop the European Central Bank from making a first interest rate cut next week. “The big driver in the market at the moment is the same old story of when is the Fed going to pivot and start cutting rates,” said Mark Ellis, CEO of Nutshell Asset Management. Gold (XAU/USD) trades flat in the $2,340s on Friday, pausing in its labored recovery from Thursday’s three-week trough about $20 lower. The recovery came after the release of weaker US growth data.

Global shares were mixed in muted trading ahead of key U.S. inflation data this morning that will shape the Federal Reserve’s thinking on interest rates when it meets mid-June. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar.

These data could significantly influence the market pricing of the Fed’s rate outlook and drive the US Dollar’s valuation. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD.