The Canadian Dollar ceded ground to the greenback and perceived safe-haven currencies but rose against most other major counterparts as the Euro and risk assets across the world sustained heavy losses early in the new week, which lifted USD/CAD toward a major level of technical resistance on the charts.
July 5,2022
The Pound to Canadian Dollar rate’s mid-June recovery has been all but scuppered and it now risks remaining suppressed near around 1.55 in the days ahead unless market appetite for the U.S. Dollar and other positively correlated currencies ebbs.
July 4,2022
Quebec based Desjardins Bank are forecasting a steady decline in the value of the Canadian Dollar through the remainder of 2022.
June 30,2022
CAD is forecast to extend a period of outperformance against the Pound and Euro although it will likely remain under pressure against the U.S. Dollar says CIBC.
June 29,2022
The Pound to Canadian Dollar exchange rate may be in the process of attempting to reverse a steep multi-month decline but it has so far been stymied by technical resistance around 1.5932 on the charts and may now be likely to consolidate its recent gains near the 1.58 handle in the week ahead
June 28,2022
The Pound to Canadian Dollar exchange rate may be in the early stages of a corrective recovery that could reverse a more meaningful portion of its multi-month slide, according to technical analysis from Scotiabank, which could see GBP/CAD trading up toward 1.65 in the weeks ahead.
June 24,2022
"In a calm FX market, we think CAD would be king" - BMO Capital.
June 23,2022
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