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The Canadian Dollar crumbled on Wednesday, extending or otherwise cultivating losses against most major currencies including Pound Sterling after the Bank of Canada (BoC) said it will now target lofty and alluring long-term Canadian government bond yields with its ongoing quantitative easing programme.
October 28,2020
Improved investor sentiment and rising oil prices have combined to aid a recovery in the value of the Canadian Dollar, which enters the final quarter of 2020 as one of the better performing of the world's major currencies.
October 27,2020
The Pound-to-Canadian Dollar rate has strong support at nearby levels and with Brexit trade talks again promising so-far elusive progress, could have scope to recover further in the coming days, although much also depends on appetite for the Canadian Dollar.
October 26,2020
The foreign exchange market is being lead by U.S. equity markets according to research from BNY Mellon, and of all the major currencies it is the Canadian Dollar that is displaying the strongest correlation.
October 27,2020
The Pound-to-Canadian Dollar rate clung to much of this week’s gain even as it softened on Thursday, as investors continued to wager that a Brexit trade deal is in the pipeline after all although Sterling’s recovery risks being crimped by the Loonie’s response to the outcome of the U.S. election.
October 22,2020
The Canadian Dollar floundered Wednesday having struggled to advance against even the weakest major currencies, with its underperformance escalating after Statistics Canada warned of a September stall in retail sales, which already slowed in August.
October 21,2020
The Pound-to-Canadian Dollar exchange rate narrowly avoided a bearish close beneath its 200-week moving-average last week but the mounting threat of a 'no deal' exit from the Brexit transition period, combined with nascent Canadian outperformance, could yet see Sterling coming undone in the days ahead.
October 19,2020
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