Forecasts for the CAD have been lowered by analysts at Bank of America Merrill Lynch Global Research as lower-for-longer oil prices are factored into the currency equation.
Read more … →TD Securities give their latest technical assessment of where the Canadian currency is likely to move next.
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The Canadian Dollar exchange rate complex (CAD) has been hammered by GBP, EUR and USD following the release of the OPEC announcement, which stated that oil production from the cartel will remain st…
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The commodity-linked currencies from Australia, New Zealand and Canada slipped overnight after investors had little appetite to follow through on Friday’s rally.
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The latest forecasts for the Canadian dollar show the currency remains under pressure against the US dollar.
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The Canadian dollar is predicted to see persistent declines against the US dollar and other majors as we head through 2015.
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The Canadian dollar has slumped to fresh cycle lows at 1.1395 vs the US dollar - its lowest level since July 2009 as declining crude oil prices and the dovish message from the BoC keep the CAD unde…
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