Canadian Dollar Forecast and Updates

KnightsbridgeFX 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 December 2, 2011

USD/CAD Open: 1.0120-24 Overnight Range: 1.0084-1.0155 The Canadian dollar was rather quiet overnight before the US and Canadian jobs data were released this morning. Canadian jobs data was worse than expected with -18.6k jobs (expected +18k), while the US jobs data came in at +120k (+125k expected) but the US jobless rate fell from 9% […]

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FX Morning Update December 1, 2011

USD/CAD Open: 1.0190-94 Overnight Range: 1.0170-1.0225 The Canadian dollar was quiet in overnight trading holding on to yesterday’s gains vs. the USD. Yesterday, Canada’s GDP data came in strong at 3.5%. Oil is at $100.59 and gold is at $1,753. NY futures are flat. Today, US jobless claims and ISM mfg. data are released. The […]

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FX Morning Update November 30, 2011

USD/CAD Open: 1.0271-74 Overnight Range: 1.0255-1.0362 The Canadian dollar continued to rally overnight vs. the USD. Overnight, China cut bank reserve requirements by 0.5% and this has boosted equities, even though India reported its lowest GDP growth rate of 6.9% yoy in quite some time. Oil is at $101.16 and gold is at $1,737. NY […]

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FX Morning Update November 29, 2011

USD/CAD Open: 1.0285-87 Overnight Range: 1.0265-1.0363 The Canadian dollar continued to soar vs. the USD. Overnight, Fitch changed the US outlook to negative but there has been no reaction. Oil is at $98.48 and gold is at $1,713. NY futures are pointing higher today. Today, US consumer confidence data is released. The short term Canadian […]

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FX Morning Update November 28, 2011

USD/CAD Open: 1.0331-35 Overnight Range: 1.0324-1.0471 The Canadian dollar rocketed higher overnight vs. the USD driven by positive risk sentiment. Oil is at $99.69 and gold is at $1,724. NY futures are pointing higher today. This week’s major data released include, US new home sales (Monday), US consumer confidence (Tuesday), US ADP payroll report and […]

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FX Morning Update November 25, 2011

USD/CAD Open: 1.0510-12 Overnight Range: 1.0470-1.0523 The Canadian dollar lost some ground overnight vs. the USD. Oil is at $95.21 and gold is at $1,682. NY futures are pointing lower. There are no major data releases today and it may be a light trading day due to yesterday’s US holiday and black Friday today. The […]

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FX Morning Update November 23, 2011

USD/CAD Open: 1.0420-22 Overnight Range: 1.0374-1.0454 The Canadian dollar was under pressure overnight vs. the USD as China reported weaker than expected manufacturing data and Germany had trouble selling some bonds. Yesterday, US GDP data was revised downward. Oil is at $95.90 and gold is at $1,690. NY futures are pointing lower. Today, US releases […]

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FX Morning Update November 22, 2011

USD/CAD Open: 1.0372-75 Overnight Range: 1.0360-1.0399 The Canadian dollar stayed in a tight range overnight maintaining yesterday’s losses vs. the US. Oil is at $97.68 and gold is at $1,691. NY futures are flat today. Retail sales data is released today in Canada and FOMC minutes and second estimate US GDP data is also released. […]

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FX Morning Update November 21, 2011

USD/CAD Open: 1.0354-57 Overnight Range: 1.0271-1.0360 The Canadian dollar got hit hard overnight vs. the USD. European and Asian markets dropped overnight. Oil is lower at $96.62 and gold is at $1,708. NY futures are pointing lower today. This week in Canada, wholesale sales (Mon.), retail sales (Tue.), and corporate profit (Fri.) data are released. […]

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FX Morning Update November 18, 2011

USD/CAD Open: 1.0210-14 Overnight Range: 1.0248-1.0298 The Canadian dollar was volatile in overnight trading and gained vs. the USD on today’s Canadian CPI report and overall positive risk sentiment today. Oil is at $99.88 and gold is at $1,732. NY futures are pointing higher today. The short term Canadian dollar technicals remain negative. For today, […]

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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.
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