CAD/USD (CADUSD=X)
| Previous Close | 0.7253 |
| Open | 0.7253 |
| Bid | 0.7244 |
| Day's Range | 0.7239 - 0.7257 |
| 52 Week Range | 0.7199 - 0.7639 |
| Ask | 0.7243 |
FX EmpireOcta’s Review Of Upcoming Central Bank Decisions
Three policy rate decisions over 48 hours will test investors’ interest rate expectations. What will central banks decide next week? Octa analysts share their opinion.
ReutersCanadian dollar pares weekly decline as stocks rally
The Canadian dollar strengthened against its U.S. counterpart on Friday, clawing back much of this week's decline, as an increase in investor risk appetite offset domestic data showing a surprise decline in retail sales. The move higher for the Canadian currency came as the U.S. dollar gave back some of its recent rally against a basket of major currencies and the S&P 500 notched an intraday record high for the first time in two years. Canada is a major producer of commodities, such as oil, so the loonie tends to be sensitive to shifts in risk appetite.
ReutersCanadian dollar gets a 'lifeline' as oil rallies
The Canadian dollar was little changed against its U.S. counterpart on Thursday as oil rallied and investors turned attention to domestic retail sales data, with the currency steadying after it hit a five-week low the day before. On Wednesday, the currency touched its weakest intraday level since Dec. 13 at 1.3541. "The Canadian dollar needed a lifeline from the oil market and finally oil found a bid," said Adam Button, chief currency analyst at ForexLive.
