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Canadian Dollar Aug '23 (D6Q23)

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Canadian Dollar Futures Market News and Commentary

Dollar Drops on Middle East Peace Optimism

The dollar index (DXY00) on Friday fell to a 7-week low and finished down by -0.15%.  The dollar came under pressure Friday in hopes that an end to the war in Iran is near, curbing safe-haven demand for the dollar.  Also, Friday's rally in stocks has reduced liquidity demand for the dollar. In addition, Friday's 11% plunge in WTI crude oil eases inflation expectations, which is dovish for Fed policy and negative for the dollar.

The dollar recovered from its worst level on Friday after San Francisco Fed President Mary Daly's comments sparked short covering, signaling she favors keeping Fed policy steady.  She said the oil shock in the US is stronger on the inflation side than on growth, and leaving policy unchanged would still restrain inflation.

Axios reported that the US and Iran are negotiating over a three-page plan to end the war, with one element under discussion being that the US would release $20 billion in frozen Iranian assets in return for Iran giving up its st... Read more

A one dollar bill floating in water by Wirestock via iStock
Dollar Drops on Middle East Peace Optimism

The dollar index (DXY00 ) on Friday fell to a 7-week low and finished down by -0.15%. The dollar came under pressure Friday in hopes that an end to the...

Pile of money by Atlantagreg via iStock
Is the U.S. Dollar Index Heading for Lower Lows?

The dollar index, which measures the U.S. dollar against other major reserve currencies, has been in a bearish trend since 2022. However, since 2008, the...

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Sinks as Iran Says Hormuz is Open

The dollar index (DXY00 ) today fell to a 7-week low and is down by -0.45%. The dollar is under pressure today in hopes that an end to the war in Iran...

Image by Karolina Kaboompics via Pexels
Dollar Strengthens as T-note Yields Move Higher

The dollar index (DXY00 ) on Thursday rose by +0.17%. The dollar recovered from a 6-week low on Thursday and moved higher as better-than-expected US economic...

Puzzle made of money by Qimono via Pixabay
Dollar Gains on Solid US Economic News and Hawkish Wiliams

The dollar index (DXY00 ) today is up by +0.17%. The dollar recovered from a 6-week low today and is moving higher on better-than-expected US economic...

Forex by bigjom jom via Shutterstock
Dollar-CAD Weakens After Technical Breakdown

USDCAD is moving lower from the 1.3930 resistance and has also broken below the trendline support from the March lows, which suggests a reversal is underway....

Applebee’s and IHOP Owner Dine Brands Looks Ripe For A Buyout

Dine Brands has already rallied on activist pressure, but with Applebee’s and IHOP still trading below their strategic value, private equity could be...

What You Need to Know Ahead of Charles River Laboratories' Earnings Release

Charles River Laboratories will release its first-quarter earnings next month, and analysts anticipate a double-digit profit dip.

What to Expect From Walt Disney's Next Quarterly Earnings Report

Walt Disney will release its second-quarter earnings next month, and analysts anticipate a single-digit bottom-line growth.

What You Need to Know Ahead of Hubbell's Earnings Release

Hubbell will release its first-quarter earnings later this month, and analysts anticipate a low double-digit bottom-line growth.

Tesla Earnings, Hormuz and Other Key Things to Watch this Week

Markets face an interesting week following conflicting signals about Strait of Hormuz access as Iran's Foreign Minister announced Friday the waterway was...

IDEX Corporation's Quarterly Earnings Preview: What You Need to Know

IDEX Corporation will release its first-quarter earnings later this month, and analysts anticipate a low single-digit bottom-line growth.

Vistra Earnings Preview: What to Expect

Vistra will release its first-quarter earnings next month, and analysts anticipate a triple-digit bottom-line growth.

As NetApp Expands Its Relationship With Google Cloud, Should You Buy, Sell, or Hold NTAP Stock?

Does this AI-driven push by NetApp make the stock a buy now, or start thinking about taking profits?

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