<\/p>\n
\n Share:<\/span><\/p>\n The Canadian Dollar<\/a> (CAD) went V-shaped after markets saw a large run-up in the US Dollar (USD) ahead of Tuesday\u2019s US Retail Sales reading, and a beat on the expected figure is seeing broad-market sentiment improving, sending the USD lower across the board, with the CAD shrugging off a miss for Canadian Consumer Price Index<\/a> (CPI) figures.<\/p>\n Canada CPI inflation came in below expectations, but the Loonie is getting bolstered back into the day\u2019s opening prices as investors pull out of the Greenback in a risk appetite bid. Crude Oil prices<\/a> are also on the low side for Tuesday, pulling support out from beneath the CAD and constraining additional gains for the day.<\/p>\n The USD\/CAD spiked to a seven-month high in the early Tuesday session, before dropping back into Monday\u2019s trading range after markets turned broadly risk-on, taking the pair back towards 1.3620, and intraday action is now tussling with the 50-hour Simple Moving Average (SMA) near 1.3635. As Tuesday trading develops, the Canadian Dollar is seeing a refreshed push back into familiar levels near 1.3660.<\/p>\n Tuesday\u2019s spike-and-tumble for the USD\/CAD leaves the pair constrained in near-term levels on the daily candlesticks, with technical support coming from the 50-day SMA near 1.3575, while last week\u2019s swing high into the 1.3700 handle represents the figure to beat for USD\/CAD bidders.<\/p>\n <\/p>\n The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the weakest against the Australian Dollar.<\/p>\n The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)\/JPY (quote).<\/p>\n \u00a0<\/p>\n<\/div>\n <\/p>\n In the world of financial jargon the two widely used terms \u201crisk-on\u201d and \u201crisk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a \u201crisk-on\u201d market, investors are optimistic about the future and more willing to buy risky assets. In a \u201crisk-off\u201d market investors start to \u2018play it safe\u2019 because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.<\/p>\n<\/section>\n Typically, during periods of \u201crisk-on\u201d, stock markets will rise, most commodities \u2013 except Gold \u2013 will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a \u201crisk-off\u201d market, Bonds go up \u2013 especially major government Bonds \u2013 Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.<\/p>\n<\/section>\n The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are \u201crisk-on\u201d. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity.<\/p>\n<\/section>\n The major currencies that tend to rise during periods of \u201crisk-off\u201d are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world\u2019s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them \u2013 even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.<\/p>\n<\/section>\n<\/div>\n <\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Share: Canadian Dollar slumped 0.65% from the day\u2019s open after US Retail Sales beat the market. Canada CPI inflation missed expectations, but Loonie traders are shrugging off the miss as the US Dollar recedes across the board. Crude Oil spot prices are dipping for Tuesday, hobbling excess gains for the CAD. The Canadian Dollar (CAD) […]<\/p>\n","protected":false},"author":2,"featured_media":8177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,842,257,255,250,252,247,253,249,5212,498,256,254],"class_list":["post-176082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cpi","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-seo","tag-usdcad","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176082"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176082\/revisions"}],"predecessor-version":[{"id":176084,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176082\/revisions\/176084"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8177"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Daily Digest Market Movers: Canadian Dollar plunges then recovers as markets corkscrew<\/h2>\n
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Technical Analysis: Canadian Dollar rebounds from pre-US Retail Sales runup, USD\/CAD looking to reclaim 1.3660<\/h2>\n
Canadian Dollar price today<\/h2>\n
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\n \u00a0<\/td>\n USD<\/strong><\/td>\n EUR<\/strong><\/td>\n GBP<\/strong><\/td>\n CAD<\/strong><\/td>\n AUD<\/strong><\/td>\n JPY<\/strong><\/td>\n NZD<\/strong><\/td>\n CHF<\/strong><\/td>\n<\/tr>\n \n USD<\/strong><\/td>\n \u00a0<\/td>\n -0.19%<\/td>\n 0.24%<\/td>\n 0.21%<\/td>\n -0.39%<\/td>\n 0.13%<\/td>\n 0.08%<\/td>\n 0.00%<\/td>\n<\/tr>\n \n EUR<\/strong><\/td>\n 0.19%<\/td>\n \u00a0<\/td>\n 0.45%<\/td>\n 0.39%<\/td>\n -0.20%<\/td>\n 0.32%<\/td>\n 0.29%<\/td>\n 0.20%<\/td>\n<\/tr>\n \n GBP<\/strong><\/td>\n -0.26%<\/td>\n -0.45%<\/td>\n \u00a0<\/td>\n -0.05%<\/td>\n -0.65%<\/td>\n -0.12%<\/td>\n -0.16%<\/td>\n -0.26%<\/td>\n<\/tr>\n \n CAD<\/strong><\/td>\n -0.21%<\/td>\n -0.39%<\/td>\n 0.05%<\/td>\n \u00a0<\/td>\n -0.59%<\/td>\n -0.07%<\/td>\n -0.11%<\/td>\n -0.21%<\/td>\n<\/tr>\n \n AUD<\/strong><\/td>\n 0.39%<\/td>\n 0.19%<\/td>\n 0.64%<\/td>\n 0.59%<\/td>\n \u00a0<\/td>\n 0.52%<\/td>\n 0.48%<\/td>\n 0.38%<\/td>\n<\/tr>\n \n JPY<\/strong><\/td>\n -0.14%<\/td>\n -0.33%<\/td>\n 0.15%<\/td>\n 0.07%<\/td>\n -0.53%<\/td>\n \u00a0<\/td>\n -0.04%<\/td>\n -0.14%<\/td>\n<\/tr>\n \n NZD<\/strong><\/td>\n -0.09%<\/td>\n -0.27%<\/td>\n 0.17%<\/td>\n 0.11%<\/td>\n -0.47%<\/td>\n 0.04%<\/td>\n \u00a0<\/td>\n -0.10%<\/td>\n<\/tr>\n \n CHF<\/strong><\/td>\n -0.01%<\/td>\n -0.20%<\/td>\n 0.24%<\/td>\n 0.20%<\/td>\n -0.40%<\/td>\n 0.12%<\/td>\n 0.12%<\/td>\n \u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Risk sentiment FAQs<\/h2>\n