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.

June 18, 2010

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 […]

By Admin | June 18, 2010 | Daily Update | 0 comments Read more >

May 14, 2010

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 […]

By Admin | May 27, 2010 | Daily Update | 0 comments Read more >

April 1, 2010

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 […]

By Admin | April 1, 2010 | Daily Update | 0 comments Read more >

March 31, 2010

USD/CAD Open 1.0155-60 Overnight Range 1.0149-1.0202 The CAD managed to recoup yesterday’s small losses in an uneventful overnight session as trading was thin due to the Japanese year end. Rumours abound that month end/quarter end rebalancing flows will be net US dollar selling, which should help the CAD. Global equity indices were mixed with Asia […]

By Admin | March 31, 2010 | Daily Update | 0 comments Read more >

February 26, 2010

USD/CAD Open 1.0576-81 Overnight Range 1.0563-1.0618 The CAD managed to hang on to yesterday’s late afternoon gains and squeezed out some more overnight with most markets waffling between risk seeking and risk aversion. It may be an unusually skittish Friday session today due to the combination of US data releases, Fed officials yammering, month end […]

By Admin | February 26, 2010 | Daily Update | 0 comments Read more >

January 12, 2010

USD/CAD Open 1.0346-51 Overnight Range 1.0315-1.0365 The CAD drifted lower overnight on the back of slightly lower oil ($81.79 -0.73), gold ($1,147.80 -3.60) and lower New York equity futures. A strategist from China’s sovereign wealth fund proclaimed that the US dollar had it bottom, supporting the US dollar, but the comments were later clarified, saying […]

By Admin | January 12, 2010 | Daily Update | 0 comments Read 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.
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