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In a weekly client briefing, strategists at the Wall Street bank's research desk say they prefer to "stick with longs", when it comes to approaching the Canadian currency.
January 26,2021
The Pound-to-Canadian Dollar rate rallied last week and was one of the better performing Sterling exchange rates but it could struggle to extend much beyond the 1.74 level over the coming days and may be most likely to range-trade between there and the 1.73 handle.
January 24,2021
The Canadian Dollar remained a laggard among major currencies for the week on Friday even rallying in the latter half when an optimistic Bank of Canada (BoC) left its interest rate unchanged following a decision that has further divided analyst opinion on the outlook for the Loonie.
January 22,2021
The Pound-to-Canadian Dollar exchange rate tumbled on Wednesday after the Bank of Canada (BoC) stayed its earlier established course by leaving the cash rate unchanged following its latest meeting, surprising some parts of the market, and continuing its commitment to quantitative easing.
January 20,2021
The Pound-to-Canadian Dollar exchange rate could retest late November highs around 1.75 this week if the Bank of Canada (BoC) and Canadian economic growth risks undermine penalise the Loonie.
January 19,2021
The Canadian Dollar was an outperformer among major currencies for the session as well as week on Thursday as it continued to overlook the elevated possibility of an interest rate cut or other policy action from the Bank of Canada (BoC) next Wednesday.
January 14,2021
The Canadian Dollar is forecast to appreciate in 2021 by economists at Canadian lender National Bank of Canada (NBC), who say gains in commodity prices will be a key driver of the gains.
January 13,2021
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