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Loonie
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Canadian Dollar Forecast: USD/CAD Fresh 4-Year High on Trump Tariffs
USD/CAD set a fresh four-year-high late in the week and bulls retain control as President-elect Trump is set to be inaugurated on Monday.
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Canadian Dollar Forecast: USD/CAD - Trump, Trudeau, Tiff and Tariffs
USD/CAD hasn’t yet set a fresh high in 2025 even as U.S. Dollar strength has continued. The pair matched its largest down-day in a year after news of Justin Trudeau’s resignation.
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USD/CAD Update: The Canadian Dollar Remains Weak Amid Political Uncertainty
Despite the recovery shown by the Canadian dollar two sessions ago, the balance has now shifted 0.5% higher in favor of the U.S. dollar, keeping USD/CAD near levels not seen in the past four years.
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Canadian Dollar Forecast: USD/CAD Highs, Trump Tariff Threat Drives
Tariff threats have weakened the CAD and strengthened the US Dollar, but it seems that Trump is joking while Canadian Premiers have started to propose pre-emptive threats.
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Canadian Dollar Technical Forecast: USD/CAD 1.4000 Test After 4-Year Highs
USD/CAD tested above a major level last week of 1.4000, which hadn’t traded in more than four years. So far this week sellers have sunk price back below that level, but can they hold it into week and month-end?
USD/CAD edging lower as BOC takes a sanguine view on Loonie
As expected, the first major central bank “decision” of the week was not much of a decision at all. Earlier this morning, the Bank of […]
USD/CAD: BOC begets big bearish reversal
Heading into today’s big BOC decision, it felt like USD/CAD bears just needed to get put out of their misery. After all, the Canadian dollar […]
USD/CAD: Sitting on the precipice of 1.3400 resistance
Markets were unusually choppy overnight, with the US dollar initially falling against European currencies before recovering heading into the US lunch session…and following the exact […]
BOC Instant Analysis: A magician’s disappearing doves
Kicking off the upcoming onslaught of central bank meetings, the Bank of Canada opted to leave interest rates unchanged at 0.50% today, as widely expected. […]
Has the correlation between oil and USD/CAD gone loonie?
Despite this morning’s slight disappointment in Eurozone GDP (0.3% q/q vs. 0.4% expected), there hasn’t been too much movement in the foreign exchange markets as […]