Monex

USD Tuesday saw the broad dollar climbing 0.15pp, despite a lack of domestic market catalysts. Granted, political uncertainties continue to loom in the background, but as we see it, yesterday’s move...

CAD Traders turned bearish on the loonie through Monday’s session, a move that saw USDCAD climb a quarter of a percent to start the week. Whilst the loonie’s slide arguably belied cross-asset...

CAD The BoC’s Wednesday rate decision is front and centre for the loonie this week. As we have pointed out previously, a combination of soft domestic growth, an unwinding labour market, and inflation...

CAD The back end of last week offered only muted USDCAD price action, despite a better-than-expected April retail sales report that offered a counterpoint to the narrative of weak Canadian growth....

CAD Canadian retail sales data should be in focus for loonie traders today. Markets are expecting a solid expansion in consumer activity, with headline sales likely to rise by 0.7% MoM in April....

CAD While a US holiday took the focus off North America yesterday, USDCAD still weakened at the margin, falling by just shy of 0.1%. Most significantly though, the loonie’s fractional move higher was...

CAD The Canadian dollar has been stuck in a wedge this week, pushed moderately higher by a strong equity backdrop but capped by dovish BoC expectations. We suspect the latter dynamic will prove the...