The near-term outlook for the Canadian Dollar is "skewed to the downside" according to foreign exchange analysts at Barclays.
August 9,2022
The Pound to Canadian Dollar rate’s attempted escape from near 10-year lows was cut short last week when U.S. economic data conspired with the U.S. Dollar and a resilient Loonie to pull GBP/CAD back toward 1.55 and a level that could continue to exert a gravitational pull through the days ahead.
August 8,2022
The Canadian Dollar shrugged off a second consecutive month of job losses on Friday when showing resilience in the face of a rising U.S. Dollar and pushing GBP/CAD lower ahead of the weekend.
August 5,2022
CAD is tipped to maintain that outperformance over coming weeks, but by year-end it should start retreating against GBP and EUR.
August 4,2022
The Canadian Dollar fundamental value has risen, leading a BMO Capital Markets financial model to tip the Loonie as a buy this week, although the latest technical analysis from Scotiabank suggests USD/CAD is likely to trend sideways and that GBP/CAD may have scope to climb toward 1.58.
August 3,2022
The Pound to Canadian Dollar exchange rate reached one month highs last week but may get an opportunity to advance closer toward the 1.57 handle in the days ahead if the U.S. Dollar remains soft or the Bank of England (BoE) surprises on the upside of market expectations this Thursday.
August 1,2022
The Canadian Dollar outperformed Pound Sterling and many other major currencies in the final session of the week after the local economy proved more resilient in May than markets had anticipated with possible implications for interest rate policy at the hawkish Bank of Canada (BoC).
August 3,2022
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