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 Update – Canadian Dollar survives BoC rate cut, for now
Bank of Canada rate cut undermines Loonie ECB will cut rates 25 bps but deliver tame guidance. US dollar opens narrowly mixed […]June 7 2024Read more
FX Monthly Update | June 2024
Economic Outlook and Summary May was all about the Fed’s interest rate outlook—”Will they or won’t they” after the May 1 FOMC […]June 7 2024Read more
Canadian Dollar Update – Canadian Dollar depressed ahead of BoC
Bank of Canada widely expected to announce 25 bp rate cut today. Risk sentiment is mixed ahead of upcoming ECB meeting and […]June 5 2024Read more
Canadian Dollar Update – Canadian Dollar sideswiped
Falling oil prices weigh on Loonie. US Treasury yield plunge sinks US dollar. US dollar opens with losses across the board except […]June 5 2024Read more
Canadian Dollar Update – Canadian Dollar rally stalling
Economists are split as to whether BoC cuts Wednesday or in July Opec announces that production cuts will stay until December […]June 4 2024Read more
Canadian Dollar Update – Canadian Dollar turns bullish
Canadian Dollar turns bullish May 31, 2024 Canada’s economy is not expected to show any growth in March. A slightly softer US […]May 31 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.
