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Canadian Dollar Aug '23 (D6Q23)

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Canadian Dollar Futures Market News and Commentary

Dollar Rallies as US Government Shutdown is Averted

The dollar index (DXY00) today is up +0.58%, recovering some ground after its -0.73% decline seen last Friday. 

The dollar today is seeing support from improved US interest rate differentials, with the 10-year T-note yield up +4 bp.  The dollar is also seeing support after Congress last Friday passed a stop-gap funding bill and averted a US government shutdown, which would have been negative for the US economy. 

The dollar has shaken off today's weaker-than-expected US economic reports.

Today's Nov US durable goods report was weaker than expected, although capital goods orders were a bit stronger than expected.  Nov US durable goods orders fell -1.1% m/m, weaker than expectations of -0.3%, although Oct was revised higher to +0.8% from +0.3%.  Nov durable goods orders ex-transportation fell -0.1%, weaker than expectations of +0.3%.  Nov capital goods orders ex defense and aircraft, a proxy for capital spending, rose +0.7% m/m, stronger than expectations of +0.1%. Read more

Contract Specifications

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Contract
Canadian Dollar
Contract Size
CAD 100,000
Tick Size
0.00005 points ($5.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 2:00p.m.) CST
Exchange
CME
Point Value
$100,000
Margin/Maintenance
$1,100/1,000
First Notice Date
08/15/23
Expiration Date
08/15/23 (expired)

Seasonal Chart

Canadian Dollar Aug '23
Average Price Chart for 5 Prior Aug Contracts

Commitment of Traders Positions as of Dec 17, 2024

View Chart Details
Commercials - Long / Short
430,972 (+97,466)
235,515 (+97,945)
Non-Commercials - Long / Short
19,170 (-9,864)
201,225 (-9,363)
Dealers / Intermediary - Long / Short
262,725 (+8,312)
18,354 (+5,807)
Asset / Manager - Long / Short
26,356 (-2,362)
182,847 (+10,564)
Leveraged Funds - Long / Short
15,303 (-3,672)
89,196 (-9,227)
Other Reportables - Long / Short
18,526 (-1,486)
19,111 (-5,372)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.74075 +0.13%
on 08/15/23
0.76240 -2.72%
on 07/20/23
-0.01560 (-2.06%)
since 07/14/23
3-Month
0.73375 +1.08%
on 05/26/23
0.76400 -2.92%
on 07/14/23
-0.00220 (-0.30%)
since 05/15/23

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Most Recent Stories

More News
Dollar Rallies as US Government Shutdown is Averted

The dollar index (DXY00 ) today is up +0.58%, recovering some ground after its -0.73% decline seen last Friday. The dollar today is seeing support from improved US interest rate differentials, with the...

DXY00 : 108.037s (+0.39%)
GCG25 : 2,628.3 (unch)
SIH25 : 30.195 (+0.02%)
^USDJPY : 157.350 (+0.12%)
^EURUSD : 1.03986 (-0.07%)
What Did the Widow Maker (aka Natural Gas) See Overnight?

There was no rest for the wicked heading into this holiday disrupted trading week, meaning natural gas stole the spotlight once again.

ZCH25 : 447-6s (+0.34%)
MWH25 : 595-4s (+0.89%)
ZSH25 : 975-4s (-0.38%)
NGF25 : 3.739 (+2.27%)
Dollar Falls Sharply on Dovish US PCE Inflation Report

The dollar index (DXY00 ) on Friday edged to a new 2-year high but then fell back and ended the day down -0.72%. The dollar was undercut by the US PCE deflator report, which was dovish for Fed policy...

DXY00 : 108.037s (+0.39%)
GCG25 : 2,628.3 (unch)
SIH25 : 30.195 (+0.02%)
^USDJPY : 157.350 (+0.12%)
^EURUSD : 1.03986 (-0.07%)
Dollar Falls on Dovish US PCE Inflation Report

The dollar index (DXY00 ) today edged to a new 2-year high but then fell back and is currently down -0.32%. The dollar was undercut by the US PCE deflator report, which was dovish for Fed policy and caused...

DXY00 : 108.037s (+0.39%)
^USDJPY : 157.350 (+0.12%)
^EURUSD : 1.03986 (-0.07%)
GBP/USD Volatility Persists Amid Diverging Monetary Policies

The Bank of England (BoE) and the U.S. Federal Reserve (Fed) continue to implement divergent monetary policies, which has resulted in an increase in volatility for the GBP/USD pair. The market's cautious...

Dollar Climbs on Reduced Fed Rate Cut Expectations

The dollar index (DXY00 ) Thursday rose by +0.36% and posted a 2-year high. The dollar recovered from early losses Thursday and moved higher on better-than-expected US economic news. The dollar also had...

DXY00 : 108.037s (+0.39%)
GCG25 : 2,628.3 (unch)
SIH25 : 30.195 (+0.02%)
^USDJPY : 157.350 (+0.12%)
^EURUSD : 1.03986 (-0.07%)
Dollar Jumps to a 2-Year High on a Hawkish Fed

The dollar index (DXY00 ) Wednesday rose by +1.04% and posted a 2-year high. The dollar rallied Wednesday after the FOMC signaled only 50 bp of interest rate cuts next year, down from a September projection...

DXY00 : 108.037s (+0.39%)
GCG25 : 2,628.3 (unch)
SIH25 : 30.195 (+0.02%)
^USDJPY : 157.350 (+0.12%)
^EURUSD : 1.03986 (-0.07%)
Dollar Slightly Higher Before Fed Rate Decision

The dollar index (DXY00 ) today is trading slightly higher on speculation the Fed will signal a pause in its rate-cutting cycle after cutting rates by -25 bp today. Higher T-note yields today are also...

DXY00 : 108.037s (+0.39%)
GCG25 : 2,628.3 (unch)
SIH25 : 30.195 (+0.02%)
^USDJPY : 157.350 (+0.12%)
^EURUSD : 1.03986 (-0.07%)
Kiwi Is Nearing Strong Support; Bullish Reversal in 2025?

Kiwi Is Nearing Strong Support which may cause a bullish reversal in 2025 from technical and Elliott wave perspective.

Key Turning Points

3rd Resistance Point 0.74680
2nd Resistance Point 0.74540
1st Resistance Point 0.74355
Last Price 0.74170s
1st Support Level 0.74030
2nd Support Level 0.73890
3rd Support Level 0.73705

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52-Week High 0.76400
Fibonacci 61.8% 0.75244
Fibonacci 50% 0.74888
Fibonacci 38.2% 0.74531
Last Price 0.74170s
52-Week Low 0.73375

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