Date: March 31, 2026
Key Developments Affecting the Fijian Dollar (FJD):
1. Economic Growth Forecasts
The Reserve Bank of Fiji projects the economy to grow by 3% in 2026, supported by a 2% increase in visitor arrivals. (fbcnews.com.fj)
2. Inflation Trends
Inflation for 2025 was 0%, with expectations of around 2.5% in 2026, barring external shocks or significant tariff increases. (fbcnews.com.fj)
3. IMF Engagement
In March 2026, the IMF hosted a High-Level Pacific Islands Dialogue in Nadi, Fiji, focusing on economic challenges and policy support. (imf.org)
4. New Banknote Series
The Reserve Bank of Fiji introduced a new polymer banknote series in January 2026, featuring local flora and fauna designs. (currency-news.com)
These factors may influence the FJD's exchange rate in the coming months.
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.