Trusted Foreign Exchange and Telecom Partner SINCE 2001

CAD Gains Amid USD Pause: Is the Peak Behind Us?


25.11.2024
CAD Gains Amid USD Pause: Is the Peak Behind Us?

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.3850-1.4060

Euro                 1.4540-1.4750

Sterling            1.7420-1.7630

 

WTI Oil (opening level) $72.15

The CAD is opening at 1.3964 ( 0.7161)

Could the USD strength have peaked for now?

US 10-year yields are at an almost 2-week low, and are a solid coincident indicator for some US dollar consolidation, if not for how deep it could prove.

We have a holiday week ahead and end-of-the-month before a long wait for the arrival of the Trump administration on January 20. So the Trump bump maybe taking a pause.

It is odd to see CAD as strong when you look at a USDCAD chart, but take a look at GBPCAD and you get the idea. Euro weakness is still pronounced, but a huge bounce from Friday lows.

 



Comment (0)
Name*:
E-mail*:
Comment*:
Security code* (enter digits in the frame)
Security code
Also read
20.04.2022

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar             1.2500-1.2600

Euro                     1.3550-1.3650

Sterling                1.6350-1.6450

06.02.2023

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.3375-1.3475

Euro                1.4400-1.4500

Sterling           1.6150-1.6250

28.06.2023

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3200-1.3300

Euro                 1.4450-1.4550

Sterling            1.6750-1.6850