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Canadian Dollar – Daily Market Updates keep our customers aware of the latest Canadian Dollar exchange rates, charts and rate changes in the major CAD cross currency pairs. This allows you to take advantage of any market moves plus the low margins from our online currency and foreign payment partners to ensure you get the best possible exchange rates deals.

 

Coronavirus panic drives US dollar strength

Currency rates were extremely volatile last week as the coronavirus situation worsened day by day with various countries implementing ever-tougher measures to stop the spread of the disease.

Coronavirus unnerves currency markets

The strong start to the year for "risk-on" currencies is already a distant memory.

New Year Optimism Retreats on US/Iran Tension

The threat of a proxy war between the US and Iran in Iraq has pared back some of the recent gains of "risk-on" currencies.

Canadian Dollar in the Spotlight After Surging to 16-Week High

Lifted by oil, economic data and the Fed, the Canadian dollar has soared against the US dollar to a 16-week high and has reached even more impressive milestones against the pound, euro and Australian dollar.

Booming Commodities Can’t Save Australian Dollar

The Australian dollar is at or near multi-month lows against a number of major currencies in spite of a rampant iron ore market — once a great influence on AUD.

Canadian Dollar Shockingly Undervalued, Analysts Say

The Canadian dollar might be worth considerably more towards the end of this year based on research by Scotiabank analysts who describe the currency as being “egregiously” undervalued.

Dollar Turbocharged by Economic Data; At Long-Term High Versus Euro, Franc and Krona

A turbocharged US dollar is likely to be “stronger for longer” after reaching long-term highs against a host of major currencies, including the euro, Swiss franc and Swedish krona.

Canadian Dollar to Lose a Further 5 Percent, Will Soon Buy Only US$0.71 (TD Securities)

Prospects for the Canadian dollar have turned “considerably to the downside” and the currency is likely to lose 5 percent of its value this year, TD Securities has said.

Canadian Dollar Still Friendless After GDP; Fair Value Much Lower

canadian-flag-Canadian-dollar-news-best-exchange-rates

After a friendless Friday, the Canadian dollar has continued to lose value at the start of the new week. Now worth C$1.332 per USD, the loonie is at a 12-day low, but it has far further to fall if CIBC’s fair value estimation of C$1.4 is anything to go by.

Canadian dollar CAD forecasts for 2020

Forecasts for the Canadian dollar change all the time, affected by news events and relative sentiment towards the Canadian economy. This continually updated article reviews CAD bank forecasts and popular cross-rate trends.

Euro Struggles on Increased Recession Risk; Rand Outlook Worsens After Central Bank Changes Tune on Interest Rates

The euro is under siege following disappointing data and news this week that Germany barely escaped a recession in 2018. The ECB will now wait longer before raising interest rates, analysts say; however, EUR/USD will still end the year higher. In South Africa, a prediction by the country’s central bank that interest rates will be raised only once before 2021 put an end to the rand’s great start to the year.

Australian Dollar, Canadian Dollar to Outperform; Yuan at 5-Month High

The Australian dollar has rallied strongly following last Thursday’s “flash crash” and, like the Canadian dollar, is expected to outperform its peers in the near term. Investors remain willing to take on risk but the US dollar remains soft. In Asia, the yuan is expected to weaken beyond ¥7 within the next 6 months.

USD Nears Peak; Oil Rebound to Send CAD Higher, INR to Record Low

For the US dollar, analysts are predicting significant weakness in 2019. In contrast, the Canadian dollar will likely strengthen amid an energy market rebound, but under the same conditions the Indian rupee will slide to a record low. Cryptocurrencies, meanwhile, are trading higher but fail to inspire confidence.

Undervalued Australian Dollar Higher in 2019 (CIBC); Franc, Yen at Multi-Month Highs on Haven Demand

There’s been no letup over Christmas for the Australian dollar, which continues to threaten the 70-US cents handle. The Aussie may appreciate as high as 78 cents in 2019, an expert has said. Meanwhile, safety-driven inflows have forced the franc and yen much higher, but oil prices continue to weigh heavily on the Canadian dollar.

US Dollar Posts Worst Day in 7 Weeks After Fed Cuts Interest Rate Forecasts

US Dollar Exchange Rate News and Forecasts Currency USD

The US dollar was sold heavily on Thursday in the aftermath of midweek announcements by the Federal Reserve. Though the Fed raised US interest rates by 25 basis points, as widely expected, it lowered its expectations for rate hikes in 2019, to the disappointment of dollar investors.

Australian Dollar Lacks Inspiration Following RBA Minutes, Looks Cheap Versus CAD, JPY

The Australian dollar continues to stagnate in the aftermath of Monday's RBA meeting minutes and ahead of this week’s meeting of the US Federal Reserve. Barring surprises, the Aussie is likely to remain well supported against the British pound, Canadian dollar and Japanese yen.

Canadian Dollar the Star After Canada Adds 94k Jobs; Expect Bitcoin at $1,500

The Canadian dollar made widespread gains on Friday after Canada announced its largest increase in employment in 6 years. Meanwhile, the Australian dollar fell for a fifth day and cryptocurrencies continue downwards. In the absence of more robust earnings growth, traders shouldn’t expect much from the US dollar, CIBC has said.

Canadian Dollar at Cheapest in 18 Months; Buy It Now Ahead of 2019 Rebound

The Canadian dollar fell sharply following Wednesday’s meeting of the Bank of Canada, at which the Bank appeared to imply that interest rates would rise at a slower pace than previously expected. The loonie will, though, see a great deal of support in 2019, experts have said.

Petro-Currencies Struggle Amid Oil Market Plunge

Undoubtedly, the speed at which the oil market has reversed has shocked foreign exchange traders as much as it has those in the commodities space. Currencies from economies that depend on oil exports can only do so much amid what is now an energy market rout. With Tuesday bringing a twelfth consecutive day of losses for oil, the Canadian dollar, Norwegian krone, Malaysian ringgit and Mexican peso all fell to multi-month lows.

AUD, NZD Lead the Pack; No Imminent Recovery for CAD (SocGen)

The Australian and New Zealand dollar currencies were way out in front this week on the list of top performing FX majors. The Canadian dollar, meanwhile, continues to suffer from what is now a technical bear market in crude oil. Sterling is again under Brexit-related pressure amid reports of potential UK ministerial resignations.

GBP, AUD, NZD Jump as UK-EU Reach Deal on Financial Services

The mood was buoyant in foreign exchange markets on Thursday following news that the UK has achieved a deal with the EU on financial services that would give London’s banks continued access to European markets post-Brexit. Together with the pound, currencies that benefit from the switch to “risk on,” like the Australian dollar and New […]

Canadian Dollar Gets Interest Rate Boost; Rand Dips on Budget Disappointment

The Canadian dollar received a significant boost on Wednesday after the Bank of Canada said it would “need to raise [interest rates] to a neutral stance to achieve the inflation target.” As widely expected, the BoC also hiked its benchmark rate by 25 basis points to 1.75 percent. The Canadian dollar strengthened by nearly a […]

Canadian Dollar’s Near-Vertical Rally Continues as US-Canada Reach Trade Deal

What started last week as a data and OPEC-driven rally has become something of a rout, with the Canadian dollar battering other currencies again on Monday following news that Canada and the United States, together with Mexico, have finally agreed a trade deal.

Australian Dollar Set for Double-Digit Rally; Will Be Worth 82 US Cents Next Year! (UBS)

UBS has added themselves to a growing list of experts predicting a broad recovery in the Australian dollar. Against the US dollar, the bank is offering a consensus-busting Aussie forecast of $0.82 for 2019 year-end, indicating a 14 percent rise from current levels.

Australian Dollar Has Best Week in 9 Months; Sterling Has a Shocker

A gain last week of 1.9 percent marked the Australian dollar’s best weekly performance versus the US dollar since December. The Aussie rebound continued with a touch of the $0.73 handle on Friday. Australia’s currency had been worth less than $0.71 just 10 days earlier. It settled for the week at $0.7285. Further to gains […]

Ruble Heading Higher After Surprise Rate Hike; Canadian Dollar Upside Limited, Warns MUFG

AUD, CAD and NZD Continue to Fall

Frightening FX Losses in Argentina; SNB Might Intervene to Weaken Franc

Loonie Makes Most of US-Mexico Trade Deal but Will Struggle from Here, Says TD

Stunning Inflation Print Makes CAD’s Day; MXN Firms on Trade Agreement Hopes

Canadian Dollar at Multi-Month Highs; NZD/CAD Sinks to Lowest Since December

FX Markets Subdued Despite Trump-EU Deal to Avoid a Trade War

Scotiabank Exchange Rates – BER Review

USD/CAD to Trade at 1.35 on Interest Rate Surprise

Travelex Canada Exchange Rates – BER Review

Will It Be a Sweet or Sour June for the US Dollar?

Trump Slaps Tariffs on Allies but Calm Prevails Ahead of US Jobs Data

Canadian Dollar Jumps on Hawkish BoC; USD/CAD to Reach 1.18, Says Goldman Sachs

Sterling to Remain Steady but Bitcoin, Canadian Dollar Face Difficult Times Ahead

Thai Baht Spurred On by Tourism; Rallies to 4-Year High Versus Dollar

Canadian Dollar at 2-Year Low Versus Euro as Washington Imposes Steel, Aluminium Tariffs

BER-News: Bitcoin below $US10K mark (again)

BER-News: Cryptos hung onto recent gains.

FX Calm Amid Broader Market Carnage; Dollar, Yen and Bitcoin Benefit

WorldFirst Foreign Transfers – BER Review

Bitcoin at $8,000 as Regulators and Facebook Strangle Optimism

Dollar Doldrums: USD Suffers Worst Day in 10-Months Despite Pick-Up in Core Inflation

CAD Steals Headlines from Dollar on Dramatic Employment Boost; Asia-Pac Currencies Make Sweeping Gains

Canadian Dollar, Australian Dollar at 10-Week Highs on Commodities Strength; Rand and Ringgit Impress

XE Money Transfer – BER Review

Korean Won at 7-Week High, Canadian Dollar Suffers and ECB to Announce Plans for QE

Citi Bank Goes Against the Grain; Predicts Bank of Canada Rate Hike on Wednesday

Canadian Dollar Falls Hard After Grim Sales Data Dents Rate Hike Expectations

Mexican Peso and Canadian Dollar Jump After NAFTA Trade Talks Extended

A Higher Australian Dollar Poses No Problems for Exporters, Says Treasurer

US Jobs Report Best Ignored as Hurricanes Wreak Havoc on Economic Data; Dollar Flip-Flops

ABM Amro Has “Strong Conviction” on Future Dollar Weakness; Predicts 12 percent Rise in AUD and NZD

Sterling Soars, Yen the Casualty at the End of Eventful Week

Asian Currencies Plunge Against CAD After Bank of Canada’s Surprise Rate Hike

Canadian Dollar the Star as US Data Fails to Deliver

CAD, AUD, NOK, BRL End the Week Strong After Oil Jumps on Further Bullish News

Drama in Asia as the Yuan Spikes to 10-Month High Amid Speculation of a Wider Trading Band

Dollar Has Best Day Since January After Solid Jobs Report

Canadian Economy Is Red Hot, Further Rate Hikes Likely to Boost CAD

2017 Dollar Dream Is Crumbling, Currency Falls Sharply Following More Disappointing Inflation Data

New Zealand Dollar Hits 1-Month Low Versus EUR and GBP, 3-Month Low Versus CAD

Canadian Dollar Surges as Central Banker Hints at Rate Hike and Hong Kong Dollar Hits 16-Month Low

New Zealand Dollar Strength Continues, Reaches 7-Month High vs. Canadian Dollar

Gulf Crisis Begins and RBA in Focus

US Dollar Index Falls to 7-Month Low on Poor Jobs Data

New Zealand Dollar Is Best Performer in May but Big Bank Predicts Lower Value Ahead

Dollar Battered and Fed Rate Hike in Doubt as Trump Jolts Markets

Commodities Support AUD, NZD, INR and Thai Baht Boosted by Better Than Expected GDP

Dollar Falls Despite Positive Jobs Data and Crumbling Commodities Still Taking Their Toll

Fed and Economic Data Add to a Terrible Day for Australian Dollar

AUD/CAD at Six-Month Highs, Is It Time to Get Some Loonie?

Three in a Row for Japanese CPI Growth and Trump Pantomime Continues

A Big Increase in the Yen Is Coming, Says Analyst at Investment Bank

World First’s selection of 11 global events for sports lovers in 2016

World First’s list of 101 things to do around the world in 2016

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