Canadian Dollar Update – Canadian dollar suffers risk aversion
Rising tensions in Middle East spark risk aversion trades. Japanese yen sinks on talk that rate hikes are on hold. US dollar […]October 3 2024Read more
Canadian Dollar Update – Canadian dollar gets an oil change
Oil rally boosts Canadian dollar. US data supports Powell’s caution. US dollar is bid on geopolitical tensions. USDCAD: open 1.3489, overnight range […]October 2 2024Read more
Canadian Dollar Update – Canadian dollar underperforms
Loonie lagging commodity currency bloc gains. Fed Powell pushes back against 50 bp rate cut speculation. US dollar rebounds against majors except […]October 1 2024Read more
Canadian Dollar Update – Canadian dollar accelerates higher
Loonie soars as CAD/US interest rate spreads widen. China cuts its 1-year Medium Term Rate. US dollar consolidating yesterday’s losses USDCAD: open […]September 25 2024Read more
Canadian Dollar Update – Canadian dollar making a break
Risk sentiment improves after another Chinese stimulus push Weak German data weighs on EUR US dollar opens steady but under pressure. USDCAD: […]September 24 2024Read more
Canadian Dollar Update – Canadian dollar drifting higher
China rate cut improves risk sentiment. Eurozone and UK PMI data is disappointing. US dollar trading lower vs commodity currency bloc but […]September 23 2024Read more
Canadian Dollar Update – Canadian dollar vulnerable to option expiries
Canada Retail Sales ahead Central Banks in China and Japan leave rates unchanged. US dollar attempting to stem recent losses. USDCAD: open1.3573, […]September 20 2024Read more
Canadian Dollar Update – Canadian dollar digesting FOMC rate cut
FX markets churn post-FOMC decision. Bank of England stays the course-leaves rates unchanged US dollar trading with a small bid after overnight […]September 19 2024Read more
Canadian Dollar Update – Canadian dollar steady into Fed meeting
Canada CPI hits BoC target Markets on hold until FOMC meeting results at 2:00 pm US dollar opens little changed from close […]September 18 2024Read more
Canadian Dollar Update – Canadian dollar awaiting domestic inflation data
Canada CPI expected to rise 2.1% y/y down from 2.5% in July. US Retail Sales forecast is a drop of 0.2% m/m […]September 17 2024Read more
Canadian Dollar Forecast
KnightsbridgeFX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices, interest rate activity, and the Coronavirus/COVID-19 are likely to affect the CAD, and its relationship to the USD. Stay abreast on what the Bank of Canada and Central Bank are doing, as well as how the CAD is doing against the Greenback.
