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The Canadian Dollar crumbled in the final session of the week after official data revealed a surprise fall in September inflation and retail sales for the month of August, leading traders to look again at their expectations for Bank of Canada (BoC) monetary policy.
October 19,2018
The Canadian Dollar is set to remain in a holding pattern against the U.S. Dollar during the coming weeks but is likely to cede ground to an oversold Australian Dollar going forward, according to analysts at TD Securities and CIBC Capital Markets.
October 18,2018
Pound Sterling's bounce higher against the Canadian Dollar is "not really convincing" and the pair is biased towards seeing more losses in the short-term, according to the Toronto-headquartered Scotiabank.
October 17,2018
The Canadian Dollar is on its front foot as traders cheer a seemingly improving outlook for domestic interest rates but both could be put at risk bydevelopments in the domestic oil market if prices remain at their current levels, close to historic lows, according to some analysts.
October 16,2018
GBP/CAD in short-term uptrend but could pullback lower having reached resistance at the 50-week Moving Average; however we believe any pull-back lower is expected to be short-lived in nature. The Pound is expected to be influenced by Brexit headlines and Canadian Dollar by inflation data
October 15,2018
The Canadian Dollar appeared to stabilise Thursday amid a rout in financial markets that has forced the U.S. greenback onto its back foot, although analysts at Scotiabank say the outlook for the Loonie has deteriorated of late.
October 12,2018
USD/CAD's broader downtrend should extend over the remainder of the week says Micaella Feldstein, an analyst at Natixis.
October 9,2018
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