It’s a particularly quiet day ahead on the economic calendar. U.S consumer confidence figures will draw plenty of interest later in the day, however.

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25 Oct, 2021 / 22:26

The Canadian dollar weakened against its U.S. counterpart on Monday, as oil gave back its earlier gains and investors weighed the potential for the Bank of Canada to push back against recent moves by the market to price in multiple rate hikes next year. Bank of Canada Governor Tiff Macklem "may want to hold off on rate-hike signaling and depress aggressive market-pricing for BoC tightening that has supported the CAD of late," the strategists added. The price of oil, one of Canada's major exports, touched a seven-year high before settling unchanged at $83.76 a barrel.

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25 Oct, 2021 / 19:53

USD/CAD is testing the resistance at 1.2380.

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25 Oct, 2021 / 16:11

“In our view, the rally in CAD is looking quite tired, and we expect to see more support in USD/CAD around the 1.2300 level. Most of the positives (BoC tightening, solid economic recovery, higher energy prices) appear in the price and our short-term fair value model currently shows a 1.5% undervaluation in USD/CAD,” noted Francesco Pesole, FX Strategist at ING.

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25 Oct, 2021 / 12:11

The direction of the December U.S. Dollar Index on Monday is likely to be determined by trader reaction to 93.580.

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25 Oct, 2021 / 06:22

German business sentiment figures put the EUR in focus, with BoE member chatter leaving the Pound in the hands of any forward guidance.

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24 Oct, 2021 / 22:58

The Loonie lost ground

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22 Oct, 2021 / 21:30

USD/CAD settled above the resistance at 1.2340 and is testing the next resistance level at 1.2380.

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22 Oct, 2021 / 15:47

It’s a busier day ahead on the economic calendar. Prelim private sector PMIs for October will be in focus. Price pressures and deliveries will be key areas of focus alongside hiring…

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22 Oct, 2021 / 01:26

U.S. Treasury yields continue to rally

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21 Oct, 2021 / 21:51