Canadian Dollar Forecast and Updates

Staying up to date on the foreign exchange market (Canadian and US dollar) ensures you can react quickly to market movements.  Our market analysts review forces impacting currencies and summarize their comprehensive research in succinct information reports. Knightsbridge Foreign Exchange helps Canadian individuals and businesses exchange currency at competitive exchange rates (www.knightsbridgefx.com) Disclaimer for all information […]

USD/CAD Open 1.0195-1.0200 Overnight Range 1.0174-1.0234 The Canadian dollar traded within its well established short term range overnight even as Asian equity markets were roiled by a Chinese economist’s call for China to raise interest rates 2% to stem inflation. The reaction was a tad excessive, in part, reflecting both poor liquidity and rate hike […]

USD/CAD Open 1.0050-55 Overnight Range 1.0022-1.0080 The Canadian dollar had a quiet overnight session ahead of the Canadian employment report. The 3,000 gain was below expectations of +16.5K and the loonie retreated modestly. US payroll report indicated a gain of +151K, above expectations, and the US dollar gained across the board except against the loonie. […]

USD/CAD Open 1.0209-14 Overnight Range 1.0205-70 The USD/CAD went for a wee bit of a roller coaster ride overnight, rising from 1.0230 to 1.0270 and then plunging back to 1.0216 in the span of 30 minutes, mostly due to EUR/CAD buying. Most markets were squirrelly beginning with Australia’s mostly surprising decision to leave rates unchanged […]

USD/CAD Open 1.0333-38 Overnight Range 1.0333-1.0393 The CAD$ retreated slightly in Asia trading but then recouped those losses in the European session on the back of rising global equity indices. European sovereign debt default concerns diminished on a good bond auction in Portugal yesterday and on news that Norway’s $450 billion Government Pension fund is […]

USD/CAD Open 1.0377-82 Overnight Range 1.0306-1.0389 The Canadian dollar’s post FOMC rally proved short lived and the loonie gave back yesterday afternoons gains overnight. Risk aversion has returned to the markets following a rather dovish FOMC statement, another round of quantitative easing and re-emerging concerns that China’s economy is slowing. A surging JPY, reaching 14 […]

USD/CAD Open 1.0599-1.0605 Overnight Range 1.0558-1.0617 The CAD$ sank to 1.0675 on Canada Day, in a rather unpatriotic move, driven lower by renewed concerns over the health of the US economy and the possibility of a double dip recession. The loonie managed to recoup all of those losses overnight despite the US dollar remaining weak […]

USD/CAD Open 1.0293-98 Overnight Range 1.0262-1.0308 The CAD$ is ending the week roughly in the middle of its intraweek range after another quiet overnight session. Global equity indices were mostly lower suggesting another round of profit taking/position trimming ahead of the weekend. Commodity prices have also followed equity prices lower with gold down a modest […]

USD/CAD Open 1.0249-54 Overnight Range 1.0196-1.0271 The CAD$ slid lower overnight, once again caught up in risk aversion trading as relentless selling of EUR/USD continued on fears that the Euroland debt crisis will undermine economic growth. In addition, EUR/USD technicals played a role as a widely reported EUR/USD barrier at 1.2500 gave way, leading to […]

USD/CAD Open 1.0108-13 Overnight Range 1.0108-1.0163 The CAD drifted higher in overnight trading in part due to general USD weakness vs. the majors (except yen) following yesterday’s rapidly revised US Nonfarm payroll expectations suggesting that the forecasts of +200k will be on the high side. Meanwhile, global equity indices were all higher as are North […]