Canadian Dollar Update – Canadian dollar inching higher
FOMC minutes are the highlight of a light US economic calendar. Nonfarm payroll revisions to benchmark could roil markets. US dollar continues […]August 21 2024Read more
Canadian Dollar Update – Canadian dollar awaiting inflation numbers
Canada CPI expected to have risen 2.5% y/y in July (June 2.7%). Gold surges on US rate outlook. US dollar reeling as […]August 20 2024Read more
Canadian Dollar Update – Canadian dollar consolidating
Loonie struggling to find a direction Risk sentiment improves following US retail sales data. US dollar drifts lower in uneven manner. USDCAD: […]August 16 2024Read more
Canadian Dollar Update – Canadian dollar heading to resistance
Holidays in Europe reduce trading volumes Weekly jobless claims and retail sales highlights of US data dump. US dollar trading quietly and […]August 15 2024Read more
Canadian Dollar Update – US CPI will set the tone
Soft US inflation data hope driving US dollar down. RBNZ turns dovish and cuts rates by 25 bps. US dollar trading with […]August 14 2024Read more
Canadian Dollar Update – Canadian Dollar mired in range
US PPI ex food and energy forecast 2.7% y/y vs June 3.0% WTI oil prices climb on escalating Iran and Israel tensions. […]August 13 2024Read more
Canadian Dollar Update – Canadian Dollar posting small gains
Loonie rises despite weak employment numbers. Top-tier data glut coming down the pipe this week, but not today. US dollar slides undecided […]August 12 2024Read more
Canadian Dollar Update – Canadian Dollar awaiting jobs data
Canada’s unemployment rate expected to rise to 6.5% from 6.4%. Global equity rally improves risk sentiment. US dollar slides with stock market […]August 9 2024Read more
Canadian Dollar Update – Canadian Dollar consolidating recent gains
Equity rally was short-lived-global indices posting losses. BoC minutes show policymakers fear slowing growth. US dollar trading quietly on a mixed note. […]August 8 2024Read more
Canadian Dollar Update – Canadian Dollar soars
Sunny days-global equity indexes rally. Loonie soars as CAD/US interest rate spreads narrow. US dollar trading defensively but JPY sharply lower. USDCAD: […]August 7 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.
