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Daily Canadian Dollar News & Analysis - Dec 20, 2024
FX daily outlook for Canada, the US and key international economies. Check out daily Canadian dollar performance and today's currency market news.
Daily Currency Performance Table
| Currency Pair | Opening Rate | Daily Change | Weekly Change | Monthly Change |
|---|---|---|---|---|
| USD / CAD | 1.4385 | -0.08% | 1.10% | 2.97% |
| EUR / CAD | 1.4946 | 0.20% | 0.02% | 2.15% |
| GBP / CAD | 1.7992 | -0.01% | 0.22% | 2.33% |
| CAD / JPY | 108.95 | -0.32% | 0.95% | -1.43% |
| CAD / CHF | 0.6212 | -0.38% | -0.83% | -1.95% |
| CAD / CNY | 5.07 | 0.12% | -0.77% | -2.04% |
| CAD / INR | 59.05 | -0.01% | -0.82% | -2.28% |
| AUD / CAD | 0.8959 | -0.18% | -1.01% | -1.50% |
| NZD / CAD | 0.8100 | -0.05% | -1.17% | -1.03% |
| CAD / MXN | 14.11 | 0.01% | -0.24% | -3.40% |
| Foreign Exchange News Today | |
|---|---|
| USD | Fed-driven rally wanes but USD retains bullish bias ahead of PCE inflation. |
| CAD | Canadian dollar's struggle deepens, oil drag compounds bearish pressure. |
| EUR | Euro pares losses, stays range-bound as markets grapple with risk-off tone. |
| GBP | Sterling loses ground, falls below 1.80 after softer retail sales growth. |
| JPY | Yen trims yesterday's losses as hot CPI data fuels BoJ rate hike hopes. |
| MXN | Peso steadies, recovers losses after markets digest Banxico rate cut. |
| Key Economic News Today | ||
|---|---|---|
| USD | Dec 19, 2024 | FOMC Member Daly Speaks |
| USD | Dec 19, 2024 | Core PCE Price Index |
| CAD | Dec 19, 2024 | Retail Sales |
| USD | Dec 19, 2024 | Michigan Consumer Sentiment |
| EUR | Dec 19, 2024 | Consumer Confidence |
| CAD | Dec 19, 2024 | Budget Balance |
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