According to Société Generale market analysts, USD/CAD has recently broken the trend line drawn since February, resulting in an extended pullback. The currency pair has fallen below the 200-DMA, indicating
The Bank of Canada (BoC) is widely expected to cut rates for a third consecutive meeting today. Our expert analysis predicts a cut from 4.50% to 4.25%, in line with
As the Bank of Canada (BoC) prepares for its upcoming meeting on September 4, there is a strong indication that the central bank will reduce its policy rate to 4.25%.
As the Canadian Dollar (CAD) experiences a decline alongside major currencies, the Chief FX Strategist at Scotiabank, Shaun Osborne, highlights the current trend. While the CAD is outperforming its commodity
China Launches Anti-Dumping Investigations Into Canadian Exports After Canada Taxes Chinese-Made Electric Vehicles In a recent development, China has initiated anti-dumping investigations against Canadian exports following Canada's decision to impose
The USD/CAD pair is on the rise for the second day in a row, currently trading around 1.3520 during the early European hours on Tuesday. This upward movement is driven
USD/CAD has found support around 1.3450 as the Bank of Canada is anticipated to announce its third consecutive rate cut this week, according to DBS’ Senior FX Strategist Philip Wee.
In the world of forex trading, the USD/CAD pair is making headlines as the US Dollar continues to appreciate against the Canadian Dollar. This recent uptrend is attributed to the
Canada's economy outperformed expectations in the second quarter, with real Gross Domestic Product (GDP) growing at an annual rate of 2.1%. This exceeded the 1.6% forecasted by the market and
The USD/CAD pair is seeing a decline, trading around 1.3480 during the European session on Friday. This drop can be attributed to the Canadian Dollar (CAD) gaining strength from the