https:\/\/www.broker-review.org\/<\/a> 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.<\/p>\nThe 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.<\/p>\n
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.<\/p>\n
But that\u2019s unlikely to stop the European Central Bank from making a first interest rate cut next week. \u201cThe 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,\u201d 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\u2019s three-week trough about $20 lower. The recovery came after the release of weaker US growth data.<\/p>\n
Global shares were mixed in muted trading ahead of key U.S. inflation data this morning that will shape the Federal Reserve\u2019s 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\u2019s case is the Canadian Dollar.<\/p>\n
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\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[87],"tags":[],"_links":{"self":[{"href":"https:\/\/topfigurefitness.cz\/wp-json\/wp\/v2\/posts\/2464"}],"collection":[{"href":"https:\/\/topfigurefitness.cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topfigurefitness.cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/topfigurefitness.cz\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/topfigurefitness.cz\/wp-json\/wp\/v2\/comments?post=2464"}],"version-history":[{"count":1,"href":"https:\/\/topfigurefitness.cz\/wp-json\/wp\/v2\/posts\/2464\/revisions"}],"predecessor-version":[{"id":2465,"href":"https:\/\/topfigurefitness.cz\/wp-json\/wp\/v2\/posts\/2464\/revisions\/2465"}],"wp:attachment":[{"href":"https:\/\/topfigurefitness.cz\/wp-json\/wp\/v2\/media?parent=2464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topfigurefitness.cz\/wp-json\/wp\/v2\/categories?post=2464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topfigurefitness.cz\/wp-json\/wp\/v2\/tags?post=2464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}