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The Canadian Dollar could be in for some modest losses over the coming weeks and months but analysts at Morgan Stanley are arguing that such weakness should be used as a buying opportunity because the Loonie will return to its 2018 highs before long.
April 11,2019
The Canadian Dollar is still likely to rise against its U.S. rival this year according to analysts at Commerzbank, as the big Dollar has even further to fall than its Canadian counterpart, although the Pound-to-Canadian-Dollar rate is still expected to rise substantially in 2019.
April 9,2019
From a technical outlook point-of-view, the bigger picture continues to show GBP/CAD possibly poised to weaken over the course of the coming week.
April 8,2019
The Canadian Dollar on the backfoot as another domestic data disappointment points to further potential weakness in the currency.
April 5,2019
"Oil's uptrend is failing to impress the CAD," says Neil Mellor, Senior Currency Strategist with BNY Mellon, in a brief to clients of the investment bank that seeks to explain why the currency could be in for a tough time going forward.
April 4,2019
The Pound-to-Canadian-Dollar rate was trading at 1.7436 Monday after falling over nearly two percent in the previous week, although studies of the charts suggest more losses could be just around the corner.
April 1,2019
The Pound-to-Canadian-Dollar rate was trading around 1.7692 Monday after a week that saw it little changed by the Friday close, although the market is now at a technical inflection point and the path ahead uncertain given mixed signals coming from the charts.
March 25,2019
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