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Blog, page 58

04.12.2023
The Canadian economy created 25K new jobs, but the unemployment rate inched up to 5.8% due to the influx of job seekers

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

US Dollar        1.3500-1.3600

Euro                1.4675-1.4775

Sterling           1.7100-1.7200

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01.12.2023
The Canadian GDP report showed that the economy is in a recession

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

US Dollar        1.3500-1.3600

Euro                1.4700-1.4800

Sterling           1.7100-1.7200

Comments (0)
30.11.2023
USD and CAD picked up some gains against the EUR due to the EU's lower-than-expected inflation rate

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

US Dollar        1.3550-1.3650

Euro                1.4825-1.4925

Sterling           1.7175-1.7275

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29.11.2023
FED policymaker's speech on the economy showed their intentions to finish with interest rate hikes

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

US Dollar        1.3550-1.3650

Euro                1.4850-1.4950

Sterling           1.7175-1.7275

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28.11.2023
The U.S. Dollar index hits its lowest point since August

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

US Dollar        1.3550-1.3650

Euro                1.4850-1.4950

Sterling           1.7100-1.7200

Comments (0)
27.11.2023
Bond prices rise indicating the U.S. interest rate decline

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

US Dollar        1.3600-1.3700

Euro                1.4900-1.5000

Sterling           1.7200-1.7300

Comments (0)
22.11.2023
Canada’s inflation rate slowed to 3.1%, lower than market expectations

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

US Dollar        1.3675-1.3775

Euro                1.4925-1.5025

Sterling           1.7150-1.7250

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21.11.2023
Increasing interest rates seem to be decelerating inflation at the cost of slowing Canadian economy

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

US Dollar        1.3675-1.3775

Euro                1.4950-1.5050

Sterling           1.7150-1.7250

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20.11.2023
The Greenback fell to a two-month low

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

US Dollar        1.3675-1.3775

Euro                1.4900-1.5000

Sterling           1.7050-1.7150

Comments (0)
17.11.2023
The Greenback weakened today on a drop in the oil price alongside dropping interest rates

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

US Dollar        1.3675-1.3775

Euro                1.4850-1.4950

Sterling           1.7000-1.7100

Comments (0)