Canadian Dollar Update – Canadian Dollar is trading defensively
US politics distracts but has little impact on FX China surprises with rate cuts. US dollar trading with a mild bid. […]July 22 2024Read more
Canadian Dollar Update – Canadian Dollar drifts down
Global risk sentiment sours Trump accepts GOP presidential nomination. US dollar gains across the board, except vs JPY and CHF. USDCAD: open […]July 19 2024Read more
Canadian Dollar Update – Canadian Dollar grinding lower
ECB likely to leave rates unchanged at 4.25% Trump is unnerving markets US dollar trading quietly and opens with little change from […]July 18 2024Read more
Canadian Dollar Update – Canadian Dollar steady
Trade tensions being revisited BoJ likely intervened again. US dollar trading mixed but defensively. USDCAD: 1.3659, overnight range 1.3657-1.3686, close 1.3674, WTI […]July 17 2024Read more
Canadian Dollar Update – Canadian Dollar retreating
Canada June inflation data on tap. US Retail Sales data is overshadowed by politics. US dollar recoups some losses in uneventful overnight […]July 16 2024Read more
Canadian Dollar Update – Canadian Dollar remains rangebound
Bank of Canada Business Outlook Survey ahead. Oil prices slump after weak Chinese GDP data. US dollar trading negatively-JPY outperforms. USDCAD: 1.3645, […]July 15 2024Read more
Canadian Dollar Update – Canadian Dollar struggling to make headway
US CPI spurs September rate cut fever. Canadian dollar underperforms vs majors. US dollar opens sharply lower from yesterday, consolidates losses overnight. […]July 13 2024Read more
Canadian Dollar Update – Canadian Dollar in limbo
Fed Chair Powell raises rate cut hopes. RBNZ flips the switch and turns dovish. US dollar drifts lower in uninspired trading. USDCAD: […]July 11 2024Read more
Canadian Dollar Update – Canadian Dollar stuck in a rut
Markets are hoping for a dovish Powell testimony. Traders biding their time until Thursday’s US CPI data. US dollar largely unchanged […]July 9 2024Read more
Canadian Dollar Update – Canadian Dollar consolidating
French election surprise sparks short-lived reactions. Fed Chair Powell testifies to Congress tomorrow and Wednesday. US dollar opens with tiny losses […]July 8 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.
