Canadian Dollar Update – Canadian Dollar Adrift
Bank of England leaves rates unchanged. Focus shifts to US data, including jobless claims and Philly Fed US dollar opens with a […]June 20 2024Read more
Canadian Dollar Update – Canadian Dollar gets a boost
US markets closed UK inflation hits target but data mixed. US dollar trading lower after quiet overnight session. USDCAD: open 1.3717, overnight […]June 19 2024Read more
Canadian Dollar Update – Canadian Dollar getting squeezed
US Retail Sales expected to rise 0.2% m/m. German and Eurozone ZEW data ignored. US dollar opens consolidating recent moves. USDCAD: 1.3748, […]June 19 2024Read more
Canadian Dollar Update – Canadian Dollar direction undecided
Political uncertainty leaves EURUSD on the defensive. Plenty of central bank meetings this week, although expectations are low. US dollar opens […]June 17 2024Read more
Canadian Dollar Update – Canadian Dollar weighed down by risk aversion
Bank of Japan decision disappoints traders. French political turmoil sours risk sentiment. US dollar posts gains overnight-EUR is the worst performing currency. […]June 14 2024Read more
Canadian Dollar Update – Canadian Dollar rally fails
Flat inflation and slightly hawkish Fed FOMC dot-plot projects one rate cut in 2024 US dollar recouping some of yesterday’s losses […]June 13 2024Read more
Canadian Dollar Update – Canadian Dollar hoping for an FOMC reprieve
US May CPI expected to be little changed. FOMC interest outlook in focus. US dollar eases slightly ahead of inflation data and […]June 12 2024Read more
Canadian Dollar Update – Canadian Dollar trading defensively
Loonie trading sideways ahead of Wednesdays Fed meeting and CPI data. Oil prices firm on Goldman Sachs forecast. US dollar gives up […]June 11 2024Read more
Canadian Dollar Update – Canadian Dollar has a negative bias
Loonie consolidating Friday’s losses EU Politics take a right turn. US dollar’s post NFP rally is intact. USDCAD: open 1.3779, overnight range […]June 10 2024Read more
Canadian Dollar Update – Canadian Dollar awaiting US and Canada jobs data
Canada expected to add 22,500 jobs, US forecast to gain 185,000 jobs. ECB’s hawkish rate cut leaves EURUSD unchanged. US dollar trading […]June 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.
