Global Reach Canada

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[Global Reach Canada @GlobalReachC]

At the start of the week, Jan 30th, USD/CAD opened right below the 1.333 level, oscillating through the week between 1.328 – 1.347, before reaching above the 1.34 handle as of Friday’s trading session.

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https://t.co/t6eGpjMorN

#businessintelligence #marketupdate

[Global Reach Canada @GlobalReachC]

Market update — Nov 28th: At the start of the week, Nov 21st, USD/CAD opened near the 1.3448 level, heading down to the 1.3316 level by Thursday, and recovering to near the 1.34 handle by the end of the week.

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https://t.co/4vk60UTD5a

#businessintelligence #marketupdate

[Global Reach Canada @GlobalReachC]

Market update — Nov 21st: At the start of the week, Nov 14th, USD/CAD opened near the 1.3324 level, heading down to 1.3226 before the end of the trading session.

Read more at the link.
https://t.co/m0UIoNGMwk

#businessintelligence #marketupdate

[Global Reach Canada @GlobalReachC]

At the start of the week, Oct 17th, USD/CAD opened near the 1.3874 level, diving down to 1.3697 before the end of the trading session. By week’s end, USD/CAD did recover most of the down swings, returning above the 1.38 handle.

Read more at the link.
https://t.co/jqtK2FouHS

[Global Reach Canada @GlobalReachC]

Market update — Oct 17th: At the start of the week, USD/CAD opened near the 1.3736 handle, accelerating up to the 1.3977 handle on Thursday, and finishing around the 1.3850 handle by week’s end.

Read more at the link.
https://t.co/nP5McnARWM

#businessintelligence #marketupdate

[Global Reach Canada @GlobalReachC]

At the start of the week, USD/CAD opened at a high near 1.3825, before returning to 1.3510 mid-week, and finishing around 1.3721 by week’s end. After trading as low as 1.2723 in early August, CAD has depreciated YTD over 10%. Read more at the link.

https://t.co/oIBhn8VIXN

[Global Reach Canada @GlobalReachC]

Market update — Oct 3rd: At the start of the week, September 26th, USD/CAD opened around the 1.3609 handle, trading as high as 1.3833 on Tuesday before returning to the 1.37 handle by week’s end.

Read more at the link.
https://t.co/7P3ILhsk3p

#businessintelligence #marketupdate

[Global Reach Canada @GlobalReachC]

USD/CAD opened around the 1.3266 handle trading as high as 1.3371 before the FED Interest Rate Decision this past Wednesday. South of the border, the FED raised interest rates by 75bps, closing the trading day at 1.3464.

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https://t.co/sSKmnuzTcE

[Global Reach Canada @GlobalReachC]

Market update — Sep 12th: After the Labour Day weekend, USD/CAD opened around the 1.3100 handle trading as high as 1.3208 prior to Wednesday's Bank of Canada interest rate decision.

Read more at the link.
https://t.co/TRJsRxmug6

#businessintelligence #marketupdate

[Global Reach Canada @GlobalReachC]

Without any material data in Canada released last week, Loonie traders had to wait for Fed communication during the Jackson Hole Symposium, while the Loonie was pulled between 1.2890 and 1.3063 prior to Friday’s session.

Read more:
https://t.co/4Q8S3qEVqe

#marketupdate

[Global Reach Canada @GlobalReachC]

Market update — August 22nd: It was a volatile beginning to last week’s trading session as China surprised markets with an interest rate cut to support a slowing economy.

Read more.
https://t.co/CiaN0DdKfJ

#businessintelligence #marketupdate

[Global Reach Canada @GlobalReachC]

Inflation data has been the biggest driver of markets the last few months, and this print became especially important after several FOMC members reiterated another 75bps hike was possible at the Fed’s next Sept meeting.

Read more.
https://t.co/VkVZJBWFUG

#businessintelligence

[Global Reach Canada @GlobalReachC]

After the Canadian long weekend, the first trading week of August felt like traditional summer trading with lower volatility and USD/CAD holding a range between 1.2815 and 1.2891.

Read more at the link.
https://t.co/R82hIYYT4b

#marketupdate #businessintelligence

[Global Reach Canada @GlobalReachC]

The last #trading week of July was good for CAD as it touched 1.2795 vs USD, a level it had not seen since Jun 13. Although there was a lack of Canadian data to drive the #loonie, the #Fed meeting had significant implications for CAD.

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https://t.co/8MOg2Czx82

[Global Reach Canada @GlobalReachC]

Last week USD/CAD opened above 1.3000 where it has spent most of July, but CAD quickly became the favoured currency for the week as USD began to lose steam broadly.

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https://t.co/CyzCWZmgKU

#marketupdate #businessintelligence

[Global Reach Canada @GlobalReachC]

A very eventful week in financial markets saw the #BoC surprise markets on Wednesday by raising its benchmark #interestrate by 100 bps, the largest single increase since 1998 and 25 bps larger than the consensus estimate.

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https://t.co/PxGiVjSL6g

#businessintelligence

[Global Reach Canada @GlobalReachC]

Market update—July 11th: USD/CAD moved sharply higher to begin the second half of the trading year as recession fears increased in the face of further central bank aggressive rate hikes.

Read more at the link.
https://t.co/lsnVB8Xd2T

#USD #CAD #index

[Global Reach Canada @GlobalReachC]

The Canadian data came in as expected with a #growth of 0.3% month over month, reinforcing #Canada’s stable economy. The PCE Index remained elevated at around 4.7% but was softer month over month than market participants had forecasted.

Read more:
https://t.co/w3QJM2lQez

[Global Reach Canada @GlobalReachC]

The first set of important data for the Loonie came Tuesday in the form of m/m Canadian Retail Sales, which beat expectations. The strong data lends support to the narrative central banks are trying to push.

Read more at the link.
https://t.co/hMMNI3RJWh

[Global Reach Canada @GlobalReachC]

The June 10th trading session was volatile after a strong US #inflation report sparked a sell-off in equities and flight to #USD. This carried over to Monday when we saw another significant sell-off in equity markets and USD/CAD trade to 1.2900.

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https://t.co/eZJRKgxw6L