The Canadian Dollar has remained an outperformer thus far in 2022 but its elevation and the factors underlying it are also the green shooting roots of an eventual downfall, according to CIBC Capital Markets, while TD Securities says that upside risks are dominant for USD/CAD in the short-term.
May 11,2022
Bank of America have looked at the data and it would seem selling the Canadian Dollar and Australian Dollar on a Friday is offering consistent returns.
May 10,2022
The Pound to Canadian Dollar rate tumbled to a five year low following last week’s Bank of England (BoE) monetary policy decision but could find a footing above the nearby 1.58 handle this week if the Loonie cedes further ground to the U.S. Dollar in the days ahead.
May 9,2022
The data nevertheless confirms Canada's jobs market is incredibly tight and will offer further incentive for the Bank of Canada to continue raising interest rates.
May 6,2022
The Canadian Dollar stabilised near 18-month lows against the U.S. Dollar this week and strategists at CIBC Capital Markets say it should continue to find support near the 1.2950 level of USD/CAD in the event of any further rallies by the greenback.
May 5,2022
The Pound to Canadian Dollar exchange rate signed off on a hat-trick of weekly declines last Friday but may be at risk of further losses that would see it sliding to a new five year low this week and in the wake of Thursday’s policy decisions from the Federal Reserve (Fed) and Bank of England (BoE).
May 3,2022
The Bank of Canada will have scope to raise interest rates by another 50 basis points to 1.0% at their next policy meeting following the release of stronger than expected growth data, which should underpin the Canadian Dollar going forward.
April 29,2022
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