Canadian Dollar Forecast and Updates

Knightsbridge FX keeps you to date on the latest Canadian Dollar forecast, updates and latest outlook. Stay informed on the latest CAD news, how it's doing relative to USD.

FX Morning Update August 10, 2011

USD/CAD Open: 0.9802-05 Overnight Range: 0.9778-0.9860 The Canadian dollar was jumping around overnight. Helicopter Ben came to the rescue yesterday announcing the Fed won’t raise rates until mid-2013 and will use additional monetary policy tools as appropriate. It will be five years by mid 2013 that the Fed will have kept rates low. After the […]

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FX Morning Update August 11, 2011

USD/CAD Open: 0.9922-25 Overnight Range: 0.9873-0.9955 The Canadian dollar jumped around overnight. Equities and the loonie quickly gave up its gains yesterday on a risk-off backdrop about worries in France about solvency issues. Oil is at $81.44 and gold is at $1,784. NY futures are pointing lower today. Today, trade balance data and US jobless […]

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FX Morning Update August 16, 2011

USD/CAD Open: 0.9865-69 Overnight Range: 0.9801-0.9871 The Canadian dollar traded weaker overnight. Overnight, European growth data fell more than expected (1.7% Act. vs. 1.8% F) and German growth data was also weaker than expected. Walmart and Home Depot reported positive earnings this morning. Yesterday, increased market sentiment from M&A activity boosted markets. Oil is at […]

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FX Morning Update August 17, 2011

USD/CAD Open: 0.9796-99 Overnight Range: 0.9791-0.9843 The Canadian dollar grinded higher overnight. Yesterday’s meeting between French President Sarkozy and German Chancellor Angela Merkel didn’t produce any material results. Oil is higher at $88.03 and gold is higher at $1,790. NY futures are pointing slightly higher today. The EIA releases oil inventories and the US releases […]

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FX Morning Update August 18, 2011

USD/CAD Open: 0.9852-55 Overnight Range: 0.9801-0.9863 The Canadian dollar lost some ground overnight as European equities are down. Yesterday, France and Germany vowed to cut nations that don’t meet deficit targets out of EU transfer funding, hoping to pressure countries to keep financial discipline. Global equities are down. Oil is lower at $85.35 and gold […]

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FX Morning Update August 19, 2011

USD/CAD Open: 0.9912-15 Overnight Range: 0.9881-0.9930 The Canadian dollar traded sideways for the most part overnight. Asian and European equity markets were down. Canadian inflation today came in mainly in line with expectations at 2.7% Act. vs. 2.8% F and core CPI in line. Yesterday, Philly Fed index data was negative showing a contraction causing […]

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FX Morning Update August 22, 2011

USD/CAD Open: 0.9843-46 Overnight Range: 0.9840-0.9917 The Canadian dollar grinded slightly higher overnight. Over the weekend, Germany reiterated its resistance to Eurobonds basically mentioning that each eurozone nation should be responsible for its own debt situation. NY futures are pointing higher. Oil is higher at $83.76 and gold is higher at $1,875. Data to watch […]

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FX Morning Update August 23, 2011

USD/CAD Open: 0.9875-79 Overnight Range: 0.9850-0.9909 The Canadian dollar traded sideways overnight. NY futures are pointing higher. Overnight, better than expected PMI manufacturing data in Asia and Europe has boosted risk sentiment. Oil is higher at $85.41 and gold is at $1,886. Retail sales and US new home sales data is released today. The short […]

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FX Morning Update August 24, 2011

USD/CAD Open: 0.9886-89 Overnight Range: 0.9875-0.9907 The Canadian dollar traded quietly overnight. Canadian retail sales yesterday matched market expectations, however, US new home sales continue to be weak. Japan indicated it will try to tame the rise in its currency with a $100bn fund and Moody’s also downgraded Japan’s credit. German business confidence fell to […]

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FX Morning Update August 25, 2011

USD/CAD Open: 0.9865-69 Overnight Range: 0.9856-0.9890 The Canadian dollar traded quietly again overnight. Yesterday’s US durable goods order data was better than expected. NY futures are flat. Oil is at $85.87 and gold is lower at $1,724. The US releases weekly jobless claims and the Global economic symposium kick’s off today. The short term Canadian […]

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Canadian Dollar Forecast

Knightsbridge FX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices interest rate activity are likely to affect the CAD. Stay abreast on what the Bank of Canada and Central Bank are doing, as well as how the CAD is doing against the Greenback.
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