Canadian Dollar Outlook Deteriorates: CAD Sold Agressively Following on From BoC Decision, USD/CAD @

The Canadian dollar (CAD) is being held in tight range in the FX markets as nervous traders hold tight ahead of today's Bank of Canada decision which will dominate the near-term outlook for the Canadian dollar.

Canadian dollar exchange rates (AUD) are today fighting back after a respite to the relentless selling pressure seen so far in 2014 is offered by a better-than-expected economic reading.

Canadian dollar exchange rates (CAD) are today to be found on a firmer footing as a longer-term sell-off is reversed. The forecast does however not favour the CAD and event-risk will be elevated this week.  

Canadian dollar exchange rates (CAD) are today stuck in a sideways movement with only the British pound losing any amount of significant ground to its Canadian counterpart. We consider the latest forecasts for the CAD ahead of next week's BoC meeting.   

The Canadian dollar (CAD) is forecasted to see further falls against the US dollar and other major currencies as eyes focus firmly on the January 22nd BoC decision.

The Canadian Dollar (CAD) is under fresh pressure on Tuesday morning with a slew of forecasters predicting the currency is to suffer yet further losses.

The CAD suffered both from weak Canadian and on the crosses from the weaker USD on Friday, today we hear that the outlook remains challenging.

It looked as though the Canadian dollar was due a relief rally against the British pound on Friday morning after a poor UK data release. However, Canada then outshone the UK after releasing a surprisingly bad employment figure.