Please appreciate that there may be other options available to you than the products, providers or services covered by our service. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. Savings account interest income tax rateį is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.USD/CAD: One dollar buys 1.33 Canadian, a U.S. Minimum credit score for credit card approval GBP/USD: One pound buys 1.18, a dollar increase of 11.63 in a year.USDJPY got a bit of a boost after the US 10-year yield dropped from 4.24% at yesterday's close to 4.197% today,īut the gains have already started to fade.ĪUDUSD inched higher in a 0.6563-0.6600 range, mainly due to the soft US dollar, but it also got a lift from higher base metal prices. USDJPY continues to consolidate yesterday's losses that resulted from reports that the Bank of Japan would leave monetary policy unchanged in December. The drop in wages increases the odds that the Bank of England will cut rates in June 2024. Total average earnings dropped to 7.2% from 8.0% in the three months to October. GBPUSD dipsy-doodled in a 1.2543-1.2585 range with the low seen following the UK employment report. Prices got a lift from the better-than-expected German Eurozone Zew survey. Prices rallied but the move didn’t last as higher production from the US and other non-Opec countries combined with weaker-than-expected demand from China and rising US inventories drove WTI to the $70.00/barrel area.ĮURUSD traded sideways in Asia then climbed from 1.0759 to 1.0808 in Europe. On November 30, Opec and Russia announced that production cuts would be increased from !.4 million barrels per day to 2.3 million bdp beginning January 1. The Canadian dollar is struggling to make headway partly because of depressed crude prices. If the results are “as expected,” then the FX impact will be muted because the two-day FOMC meeting begins today. For the basic conversion, we use the midpoint between the buy and sell rates of CAD to USD at currency exchanges across the globe. As of today, at 18:00PM UTC one canadian dollar is equal to 0.736 (USD) or Zero us dollars 74 cents. Unfortunately, the more important Core-CPI result is expected to be unchanged at 4.0% y/y. Canadian Dollar to US Dollars - Exchange Rate Today. The Canadian Dollar is expected to trade at 1.39 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. The drop is due to a fall in gasoline prices. Headline CPI is expected to have risen 3.1% y/y in November, a tick lower than the October increase of 3.2% y/y. This morning’s inflation report is expected to confirm that sentiment. The US dollar is on the defensive against its major G-10 currency peers because traders believe that US interest rates have peaked at 5.50% for this cycle. There are no domestic economic reports or speeches from Bank of Canada officials to give the Canadian dollar any direction, so prices rise and fall with US dollar sentiment. The Canadian dollar continued to play “follow the leader” in overnight foreign exchange markets. US dollar opens steady to mixed ahead of inflation data. German and Eurozone economic sentiment improves. Analysts expect US CPI to have dipped 0.1% to 3.1% in November. Exchange Canadian Dollar CAD to GBP Pound with Post Office Travel Money.
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