FX Monthly Update | November 2024
Economic Outlook and Summary October was the opposite of September. Where September was mostly a “risk-on” month thanks to Powell’s dovish comments […]November 8 2024Read more
Canadian Dollar Update – Canadian dollar steady ahead of FOMC
Fed rate cut of 25 bps fully priced in. BoE does as expected and cuts rates by 25 bps. US dollar trading […]November 7 2024Read more
Canadian Dollar Update – US Dollar soars
Trump wins and US dollar soars Focus shifting to FOMC meeting tomorrow. US dollar rallies hard against all the majors. USDCAD: […]November 7 2024Read more
Canadian Dollar Update – Canadian dollar awaiting US election results
Global markets in park until after US election. China data and RBA boost AUD US dollar opens modestly lower after dull […]November 5 2024Read more
Canadian Dollar Update – Canadian dollar gets a poor boost
FOMC and Election the key focus Opec delays December production hike. US dollar is trading defensively in thin markets. USDCAD: […]November 4 2024Read more
Canadian Dollar Update – Canadian dollar ticking lower
Weak Canadian growth weighs on Loonie Nonfarm payrolls likely a non-event due to upcoming US election US dollar opens drifts higher in […]November 2 2024Read more
Canadian Dollar Update – Canadian dollar not getting any treats
Canadian economic growth expected to be flat in August. US data will be overshadowed by upcoming election. US dollar opens mixed, but […]October 31 2024Read more
Canadian Dollar Update – Canadian dollar underperforming
Loonie suffers on interest rate outlook. US GDP and quarterly earnings reports in focus. US dollar trades modestly lower but not against […]October 31 2024Read more
Canadian Dollar Update – Canadian dollar steady but weak
BoC Governor testifies to Parliament today. Focus is on US election, not data. US dollar opens defensively as it consolidates recent gains. […]October 29 2024Read more
Canadian Dollar Update – Canadian dollar trading lower
CAD/US 10-year yield spreads widen in favour of US Sinking oil prices weighing on Loonie. USDCAD: open 1.3895, overnight range 1.3886-1.3907, […]October 28 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.
