Canadian Dollar Update – Canadian dollar in retreat
Traders looking ahead to Friday’s US nonfarm payrolls report. Bank of Canada expected to cut rates by 25 bps tomorrow. US dollar […]September 3 2024Read more
Canadian Dollar Update – Canadian dollar awaiting GDP data
Canadian economic growth expected to have slowed in June. US Core PCE-Price index forecast at 0.2% m/m (previous 0.1%) US dollar opens […]August 30 2024Read more
Canadian Dollar Update – Canadian dollar rally stalls
UBS downgrades China 2024 GDP forecast to 4.6% from 4.9%. US weekly jobless claims may cause a bigger reaction than usual. US […]August 30 2024Read more
Canadian Dollar Update – Canadian dollar creeping higher
Loonie drifting higher on talk of aggressive Fed rate cuts. Australian inflation rises more than expected, but below last month. US dollar […]August 28 2024Read more
Canadian Dollar Update – Canadian dollar feeling frisky
Second tier US data on tap Traders biding their time until next week’s US employment data. US dollar trading defensively and with […]August 27 2024Read more
Canadian Dollar Update – Canadian dollar flying high
US Durable Goods Orders released today. Powell’s comments spark flurry or “risk-on” trades US dollar under pressure from aggressive Fed rate cut […]August 26 2024Read more
Canadian Dollar Update – Canadian dollar looking for love from Jackson Hole
Canada Retail Sales expected to fall 0.3% m/m Markets on hold until Powell’s speech at 10:am ET US rangebound but modestly firmer […]August 23 2024Read more
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 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.
