Canadian Dollar (CAD) Exchange Rate Consolidates, Can the New-Found Strength Persist?

The Canadian Dollar exchange rate complex retains its new-found strength in the Friday morning session in London.

The Canadian Dollar (CAD) remains well supported on Thursday thanks to an even-handed Bank of Canada interest rate decision and statement delivered the day prior.

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.

The Pound Sterling vs Canadian dollar exchange rate (GBP-CAD) continues to struggle with the area just north of 1.84.

Waiting for further declines in the Canadian dollar exchange rate complex could prove futile until March warns a prominent analyst.

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.

At the end of the week we present the following technical forecast for the US dollar vs Canadian dollar exchange rate.

The Canadian Dollar (CAD) is the notable under-performer of the past 24 hours and the situation could become worse with key data ahead.