The prospect of a 'no deal' between Canada and the US is eyed as a key risk to the Loonie over coming days.
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The daily chart shows that the pair is fast approaching a trendline which could provide a 'make-or-break' level for the exchange rate, above which it would suggest a new trend higher was forming.
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The Canadian Dollar is a bargain buy prospect on several counts including reports of a breakthrough in North American Free Trade Agreement (NAFTA) negotiations and chart signals that now suggest a …
Read more … →The Canadian Dollar slipped during the noon session Wednesday as traders responded to a steeper-than-expected decline in retail sales during June, which has countered optimism over a Politico&…
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The Pound-to-Canadian-Dollar rate has been in a downtrend since striking a 1.84 high back in March 2018 and is likely to remain under pressure during the week ahead.
Read more … →The Canadian Dollar surged Friday as traders responded to official data showing a surprise and strong increase in inflation during July, which may now see the market eyeing September for …
Read more … →The Canadian Dollar rose Monday as traders maintained a steady bid for the currency in the wake of Friday's stellar July jobs report, which has raised the odds of another Bank of Canada interest ra…
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