The Canadian Dollar fell broadly against all major currencies early in the new week with a rolling underperformance that has lifted USD/CAD alongside GBP/CAD and in spite of widespread losses for U.S. Dollar exchange rates, leading the Loonie to appear as if it might be in the process of rolling over.
November 30,2022
The Pound to Canadian Dollar rate entered the new week on the front foot and with a hat-trick of gains under the belt but its rally could lose steam in the days ahead with Sterling struggling to advance much beyond the nearby 1.63 level in the absence of a further setback for the Canadian Dollar.
November 28,2022
Falling oil prices have triggered a slump in the value of the Canadian Dollar.
November 24,2022
The Pound to Canadian Dollar exchange rate outlook has improved further in recent trade and Sterling could now have scope to reach some of its strongest levels since the end of the first quarter after establishing a foothold above the 1.57 handle last week, according to technical analysis from Scotiabank.
November 23,2022
The Pound to Canadian Dollar exchange rate has reversed half of a two-year decline in recent trade but the recovery has been roadblocked by technical obstacles on the charts and this week it will run the risk of a setback owing to global economic developments and a more buoyant U.S. Dollar.
November 21,2022
The Canadian Dollar has been an outperformer for much of the year but has recently begun to lag behind many other major currencies and for Spectra Markets it's quickly becoming a prime candidate for speculative short-selling ahead of an anticipated economic slowdown driven by rising mortgage rates.
November 18,2022
GBP/CAD technicals suggest further upside.
November 14,2022
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