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USD/CAD has weakened after strong run of data and is not at major support area and further weakness possible assuming break below 1.31-30 say analysts.
July 25,2018
The GBP/CAD rate broke lower following strong retail sales and inflation data at the end of last week, with bears finally managing to pierce below the stubborn 200-day moving average, and the pair looks vulnerable to further losses in the short term.
July 23,2018
Data out of Canada ahead of the weekend has allowed the Canadian Dollar to top the foreign exchange leaderboard.
July 20,2018
The Canadian Dollar rose against many of its rivals Monday although respite from recent losses is likely to prove short-lived, according to multiple analysts, who are advocating that clients continue to sell the currency against the US Dollar.
July 16,2018
GBP/CAD is still trading in a range above the 200-day MA but is within a broader downtrend and looks vulnerable to further weakness. Brexit machinations will continue to dominate Sterling and inflation data is the main release for CAD
July 15,2018
The Canadian Dollar rose Thursday, extending gains notched up on Wednesday in the wake of the Bank of Canada's (BoC) latest interest rate rise, although the BoC's latest statement has done little to clear the air of uncertainty and confusion hanging over the currency.
July 16,2018
The Canadian Dollar rose sharply against its developed world counterparts Wednesday after the Bank of Canada (BoC) raised its interest rate for the fourth time in the last 12 months and signalled its intention to continue withdrawing stimulus from the Canadian economy over the coming quarters.
July 11,2018
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