CADJPY

CADJPY Gives Up Vaccine Gains as Oil Price Fades

CADJPY has given up Monday’s vaccine-related gains after oil prices faded into the weekend. The week began strongly for the Canadian dollar after oil rallied from $37.00 to move above the $40.00 mark. The move higher in the dollar was coupled with a weak Yen as safe-haven demand faded on […]

CADJPY Flat After PMI Rescues Dollar from Unemployment Rise

CADJPY was unchanged for the day after the release of Canadian employment numbers. The numbers showed a lower than expected jobs print and a higher unemployment rate. Traders were looking for a gain of 100k jobs for the Canadian economy after 378k last month but they only got 83.6k. Adding […]

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CADJPY Slumps Over 50 Pips on Bank of Canada Weaker Outlook

CADJPY trades 0.33% lower at 83.75 making fresh ten-day lows after the Bank of Canada sees a weaker growth in the near term. The central bank kept interest rates unchanged at 1.75% as was widely expected but the shift in the outlook is what is moving the Canadian dollar lower. [...]