Canada's economy appears over its recent blip although the BoC remains cautious and strategist opinions on the Loonie are mixed.
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“We continue to look for a higher USD CAD into the close of the year, albeit have moderated our year-end target back to 1.35.” - Jeremy Stretch at CIBC Markets.
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Despite seeing the CAD trading on the defensive in yesterday’s session the failure of USD CAD to close above the 100-day MAV, (1.3087) is significant, at least in the short run.
Read more →The Canadian dollar has been under pressure against the US dollar since the 3rd of May. Of late the uptrend has slowed and appears in danger of stalling.
Read more →The US dollar continues to surge higher against the Canadian dollar and trades at 1.3117.
Read more →The USD/CAD has drifted lower of late, but these dips are likely to remain temporary in nature say CIBC.
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The US dollar to Canadian dollar exchange rate is at 1.2917 at the time of writing, expect further gains says Jeremy Stetch at CIBC in London.
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The USD/CAD is close to a key level and bulls are preparing for a last stand; BMO’s Andersen suggests they may actually win.
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USD/CAD has started falling again after a brief respite.
Read more →We ask one of the leading Canadian dollar technical analysts where he sees the CAD going against the euro, US dollar and British pound.
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