The Canadian Dollar (CAD) sell-off that has characterised global FX markets has stabilised; but according to TD Securities' forecasts the CAD still has further to fall.
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The Pound Sterling vs Canadian dollar exchange rate (GBP-CAD) continues to struggle with the area just north of 1.84.
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Waiting for further declines in the Canadian dollar exchange rate complex could prove futile until March warns a prominent analyst.
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The Canadian Dollar (CAD) experience weakness on Friday after Canadian retail sales came in much weaker than expected, however that was offset by the firmer CPI numbers.
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At the end of the week we present the following technical forecast for the US dollar vs Canadian dollar exchange rate.
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The Canadian Dollar (CAD) is the notable under-performer of the past 24 hours and the situation could become worse with key data ahead.
Read more … →The Canadian dollar (CAD) has fallen to session lows against the greenback and has declined over 0.8% vs the British pound today.
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