Canadian Dollar Update
Updated 01 Aug 2026 • 23:45 GMT
The Canadian dollar has shown resilience against the US dollar, driven by fluctuating oil prices and cautious monetary policy from the Bank of Canada (BoC). As of mid-July, USD/CAD is trading around 1.4033 after stronger oil prices provided support to the loonie, despite the BoC's decision to hold its rate steady at 2.25% but keeping the possibility of future hikes open. Market sentiments are tempered by weak inflation and trade uncertainties, particularly concerning the USMCA, which are impacting near-term CAD expectations.
Key watchpoints:
- Monitor changes in global oil prices as they significantly impact the commodity-linked Canadian dollar.
- Watch for any updates or changes in monetary policy from the Bank of Canada, particularly rate hike announcements.
- Pay attention to upcoming Canadian employment and economic data releases for further insights into CAD movements.
Hungarian Forint Weekly Market Update
Updated 18 Jul 2026 • 23:49 GMT
The Hungarian Forint (HUF) remains under pressure amidst a broader risk-off environment in the Central and Eastern European (CEE) region, as highlighted by ING analysts. Despite recent selling pressure due to crowded long positions and profit-taking, the underlying attractiveness of Hungarian rates and currency continues to draw interest. With Hungarian inflation dropping to 1.7%, further rate cuts are anticipated in the coming months. Analysts expect EUR/HUF to maintain a trading range of 350–360, supported by seasonal carry demand.
Key watchpoints:
- Continued impact of regional risk-off sentiment on HUF and CEE FX.
- Effects of expected rate cuts on Hungarian monetary policy and currency stability.
- EUR/HUF's performance within the predicted trading range in response to economic data releases.