USD/CAD has reached our end of year target of 1.40 and we fully expect the pair to reach the 1.42 level we highlighted for Q1, Rabobank’s FX analysts Molly Schwartz and Christian Lawrence note. USD/CAD likely to reach 1.46 next year “That said, given two main drivers we outline below, we now expect further extension […]
USD/CAD extends its losing streak for the fourth trading session on Wednesday. Investors await the FOMC minutes for fresh interest rate cues. The Canadian Dollar outperforms despite multiple headwinds. The USD/CAD pair tests territory below the round-level support of 1.3600 in Wednesday’s North American session. The Loonie asset weakens as the Canadian Dollar (CAD) outperforms […]
The Canadian Dollar went in both directions on quiet Monday. Canada has another rate call looming ahead on Wednesday. A tepid start to the trading week leaves CAD traders to tread water. The Canadian Dollar (CAD) went sideways on Monday, finding some gains against the Antipodeans but shedding further weight against the US Dollar. CAD […]
The Canadian Dollar backslid as investors take a closer look at inflation data. Canada gets a fresh rate call from the BoC next week. After a brief soft patch in Canadian inflation, BoC may have cut rates prematurely. The Canadian Dollar (CAD) shed weight on Wednesday as investors take a second look at Canadian Consumer […]
