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📈 Exchange Rate Anxiety: Horizon Currency's money transfer specialists are on hand to deal with questions. Send Your Question Now.
Technical studies signal a good possibility this young rally could extend given the exchange rate has now successfully broken back above the 50-day MA at 1.6950, an event seen as a key 'right of passage' hurdle cleared for a young bullish trend in its life-cycle to maturity.
November 5,2018
The Canadian Dollar handed back earlier gains and slipped lower midway through the final session of the week after the latest official data showed the labour market cooling its heels in October, which will do little to encourage markets to become more confident in pricing future interest rate rises from the Bank of Canada (BoC).
November 2,2018
The Canadian Dollar was treading water Wednesday before the release of GDP data for August, which will be key to market expectations of growth in the third-quarter, as well as the Bank of Canada's December interest rate decision.
October 31,2018
The Canadian Dollar is likely to outperform many of its G10 rivals over coming weeks, according to analysts, even if official data reveals the Canadian economy ground to a halt in August.
October 30,2018
The Pound-to-Canadian-Dollar rate fell last week as breakdown in the Brexit negotiations and a hawkish message from the Bank of Canada (BoC) conspired to push the exchange rate lower.
October 29,2018
Downside risks are building for the Pound-to-Canadian Dollar rate after the Bank of Canada said they were probably going to raise interest rates at a more aggressive pace than previously expected.
October 25,2018
The Canadian Dollar advanced against all of its rivals in the midweek session after the Bank of Canada (BoC) raised its overnight lending rate and provided a strong hint of further hikes to come.
October 24,2018
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