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.

September 9, 2010

USD/CAD Open 1.0333-38 Overnight Range 1.0333-1.0393 The CAD$ retreated slightly in Asia trading but then recouped those losses in the European session on the back of rising global equity indices. European sovereign debt default concerns diminished on a good bond auction in Portugal yesterday and on news that Norway’s $450 billion Government Pension fund is […]

By Admin | September 9, 2010 | Daily Update | 0 comments Read more >

August 11, 2010

USD/CAD Open 1.0377-82 Overnight Range 1.0306-1.0389 The Canadian dollar’s post FOMC rally proved short lived and the loonie gave back yesterday afternoons gains overnight. Risk aversion has returned to the markets following a rather dovish FOMC statement, another round of quantitative easing and re-emerging concerns that China’s economy is slowing. A surging JPY, reaching 14 […]

By Admin | August 11, 2010 | Daily Update | 0 comments Read more >

July 2, 2010

USD/CAD Open 1.0599-1.0605 Overnight Range 1.0558-1.0617 The CAD$ sank to 1.0675 on Canada Day, in a rather unpatriotic move, driven lower by renewed concerns over the health of the US economy and the possibility of a double dip recession. The loonie managed to recoup all of those losses overnight despite the US dollar remaining weak […]

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

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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