will the usd get stronger or weaker compared to the canadian dollar

USD/CAD Rising Higher as Banking Concerns Grip Markets

USD/CAD is getting some support from weaker equity markets as banking problems continue to stoke fear sentiment.Weaker North American stocks are providing broad momentum to the U.S. dollar and helping to push USD/CAD closer to the 1.30 CAD marker. The cross is up over a full cent to 1.2884 CAD. The negative sentiment started overnight when the U.S. Treasury released a statement saying it would increase its stake in AIG, allowing the insurance company to draw up to

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Grim News Causes Canadian Dollar to Lag Against Greenback

The Canadian dollar is one of the laggards on Monday following a weekend of disappointing news. OPEC's decision not to cut production, a grim outlook from the Bank of Canada and weaker-than-expected data are some of the reasons behind the loonie's weakness.The Canadian dollar is the second worst performer against the U.S. dollar among the G10 nation currencies. The only currency that is weaker than the loonie is the Japanese yen. It has been a relatively volatile session

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Weak Canadian Employment Adds Volatility to Canadian Dollar

The Canadian dollar is struggling to find any direction Friday morning following the release of a weaker-than-expected Canadian employment report.The February Canadian employment report added volatility to currency markets Friday morning, with USD/CAD rallying 35 pips following the release of the report. Those gains were quickly reversed as the cross fell back below 1.28 CAD. After the initial volatility, the Canadian dollar remains under significant pressure trading in the mid-1.28 CAD area.The Canadian unemployment report was weaker

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Aussie Dollar Weaker Against Majors

The Aussie dollar is weaker against majors on Thursday after a bout of lower tier economic data for the region and comments from Chinese officials, who remain vague about promises of more stimulus.Australia posted a A$970 million trade surplus in January, against forecasts for a A$1.1 billion surplus and previous A$598 million reading in December. The Aussie dollar is down 1 cent at 0.6395 USD.Australian building approvals fell 3.7% month-over-month in January, despite forecasts for a smaller

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Grim Canadian Data Could Add to Canadian Dollar Weakness

Weaker Canadian data could be having a slight impact on the Canadian dollar as equity momentum dominates currency markets.A drop in equities is causing a rally in the U.S. dollar across the board. Positive market sentiment caused a modest sell-off in USD/CAD in the Asian session. However, the sentiment dissipated just before the North American open. The cross is trading around the 1.24 level.The Canadian dollar continues to be one of the worst performers against the U.S.

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Canadian Dollar Worst Performer Against Greenback Despite Stronger Equities

A positive open to the North American trading session is not providing much support for the Canadian dollar, which is the worst performing currency against the U.S. dollar among the G-10 nations.The USD/CAD has been unable to reach new highs past 1.3065 CAD, but is also holding support at 1.2750 CAD.The Canadian data remains grim with the latest news from Statistics Canada, which showed the steepest drop in Canadian new home prices since 1991. According to StatsCan,

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Canadian Dollar Shrugs Off Stronger-than-Expected CPI Data

Rising inflation in Canada is not providing much support for the Canadian dollar as broader issues dominate currency markets.The Canadian dollar continues to benefit from broad U.S. dollar weakness following Wednesday's FOMC meeting. Following the meeting, the Fed announced that it would expand its balance sheet by almost $1.2 trillion, which includes purchasing $300 billion in longer-term U.S. Treasuries. Domestic data is taking a back seat Thursday morning despite a stronger-than-expected February CPI report. The Bank of

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Canadian Dollar Moves Higher Despite Weaker Equities

Weaker North American equity markets are having little impact on the Canadian dollar as it makes gains against the greenback.According to some currency strategists, there appears to be some renewed interest in the Canadian dollar Friday morning as the loonie jumps from the third worst currency on the day to the third best.The U.S. jobs report for March is not providing much direction for currency markets. The U.S. economy shed 663,000 jobs in March and the unemployment

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USD/CAD Unable to Break Through Psychological Barrier

The U.S. dollar has been unable to break through key resistance levels against the Canadian dollar despite a weaker Canadian economic outlook.The Canadian dollar has been under significant pressure since the Bank of Canada cut interest rates by 50 basis points on Tuesday. The loonie lost more than a full cent on the initial reaction to the cut and the bank's accompanying statement.Currency strategists said the BOC released a very grim report, which helped to facilitate the

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U.S. Dollar Remains Weaker as Equity Rally Keeps Momentum

The U.S. dollar is weaker against majors on Wednesday as equities continue to show optimism in the United States.Momentum in equities began on Tuesday, sparked by an upbeat memo to Citigroup employees suggesting the financial giant made money in the first two months of 2009, and resulting in a solid 6.4% gain in the S&P 500. The positive sentiment is carrying over into Wednesday, with futures pointing to another 0.96% gain at the open. Meanwhile, Congress approved

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