
June Jobs Rescue Canadian Dollar as USD/CAD Cracks Lower
Canada's June jobs beat pulled USD/CAD to a two-week low and gave Canadian Dollar bulls a badly needed catalyst.
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Canada's June jobs beat pulled USD/CAD to a two-week low and gave Canadian Dollar bulls a badly needed catalyst.

USD/CAD is near fair value and the dollar looks crowded, leaving Canadian dollar bears short on easy fuel.

USD/CAD is fading after weak US jobs data hit the dollar, while higher oil gives the Canadian Dollar a short-term opening.

The Canadian Dollar is sliding as 60%+ Fed hike odds keep USD/CAD pinned near 1.4230.

USD/CAD near 1.4190 shows traders are dumping the loonie as oil slips, Fed hawks talk tough, and safety demand lifts the dollar.

USD/CAD climbed to 1.4140 as cheaper WTI crude and a hawkish Fed squeezed the Canadian dollar from both sides.

Markets price 50 bps of BoC hikes, but the bank's patient tone leaves the Canadian dollar exposed against USD.

The BoC held rates at 2.25%, and CAD bulls may need a weaker US Dollar more than a fresh Canada growth story.

The Canadian dollar bounced because US CPI wasn't hot enough to lift the greenback. The BoC now owns the next USD/CAD move.