28 August 2020 Canadian Dollar Troubled as USD/CAD and GBP/CAD Rally after GDP Surprise Overlooked by Market

The Canadian Dollar was caught on the hop by a tentative rebound in the U.S. Dollar Friday even after Statistics Canada unveiled June growth figures that surpassed market expectations before foreca…

Read more … →
28 August 2020 Desjardins: Canadian Dollar Recovery Forecast to Accelerate in 2021

Canadian lender Desjardins Bank have updated their Canadian Dollar forecasts, saying the currency is likely to struggle for the remainder of 2020, but a more robust recovery should shape up in 2021…

Read more … →
27 August 2020 Canadian Dollar Outperforms, GBP/CAD Rally said to be at Risk of Capitulation

The Canadian Dollar outperformed Thursday following a key speech from Federal Reserve (Fed) Chairman Jerome Powell, leaving the Pound-to-Canadian Dollar rate at risk of a downward capitulation from…

Read more … →
25 August 2020 Canadian Dollar Draws Algorithmic Seller Ahead of Central Bank Shindig while GBP/CAD Recovers

The Canadian Dollar advancd on the greenback and some other major currencies Tuesday but ceded ground to an outperforming Sterling ahead of this year's central bank shindig in Jackson Hole, althoug…

Read more … →
23 August 2020 Pound-Canadian Dollar Week Ahead Forecast: Supported at 1.7245, Central Bank Speakers Take to the Stage

The Pound-to-Canadian Dollar exchange rate suffered heavy losses at the end of an otherwise uneventful week Friday but risks becoming trapped in a tight range in the days ahead due to Sterling's ti…

Read more … →
21 August 2020 Canadian Dollar Recovery Extends as Retail Sales Keep Pressure on Brexit-stricken GBP/CAD

The Canadian Dollar extended its recovery on Friday and helped keep pressure on the Brexit-stricken Pound-to-Canadian Dollar exchange rate after Statistics Canada reported June retail sales th…

Read more … →
19 August 2020 Canadian Dollar Keeps Pressure on Sterling as Oil and Greenback Correlations Point the Loonie Higher

The Canadian Dollar advanced on Sterling Wednesday as risky currencies consolidated gains following another Dollar Index breakdown, with the Loonie benefiting from correlations with the greenback, …

Read more … →