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 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 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.
