FX Monthly Update | August 2024
Economic Outlook and Summary July had a lot going on. Markets survived the French and UK elections, while escalating US election politics […]August 6 2024Read more
Canadian Dollar Update – Canadian Dollar swoons
Global equities attempting to bounce back from melt-down. Reserve Bank of Australia leaves rates unchanged, as expected. US dollar opens mixed after […]August 6 2024Read more
Canadian Dollar Update – Canadian Dollar in peril
Safe-haven demand weighing on Treasury yields while boost gold prices. US nonfarm payrolls forecast to rise 180,000 in July (previous 206,000). US […]August 2 2024Read more
Canadian Dollar Update – Canadian Dollar struggling
GBPUSD tumbles after BoE cuts rates. Fed keeps September rate cut hopes alive. US dollar rebounds from yesterday’s lows. USDCAD: open 1.3833, […]August 1 2024Read more
Canadian Dollar Update – Canadian Dollar ticks higher
FOMC decision ahead BoJ hikes rates to 0.25% US dollar opens on mixed note as yen outperforms. USDCAD: open 1.3843, overnight […]August 1 2024Read more
Canadian Dollar Update – Canadian Dollar is baking
Eurozone GDP surprises to the upside. USDJPY volatile into BoJ meeting (July 31) US dollar little changed except against JPY USDCAD: open […]July 30 2024Read more
Canadian Dollar Update – Canadian Dollar is oversold
Risk elevated due to Central Bank meetings this week. Canadian dollar probing strong support. US dollar trading with a modest bid. USDCAD: […]July 29 2024Read more
Canadian Dollar Update – Canadian Dollar rises modestly
Canadian Dollar rises modestly July 26, 2024. Key US inflation data on tap. Global risk sentiment improves marginally. US dollar gives back […]July 26 2024Read more
Canadian Dollar Update – Canadian Dollar falls further
Bank of Canada cuts 25 bps and suggests further cuts likely. Wave of risk aversion washes across global markets. US dollar opens […]July 25 2024Read more
Canadian Dollar Update – Canadian Dollar directionless
Expect directionless markets due to light data. US dollar gains overnight but opens mixed compared to Monday. USDCAD: open 1.3765, overnight […]July 23 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.
