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Blog, page 8

18.12.2023
Loonie made some gains at the start of an important week with lots of economic reports

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

US Dollar        1.3325-1.3425

Euro                1.4550-1.4650

Sterling           1.6900-1.7000

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15.12.2023
The U.S. Dollar cratered due to the statement about the three interest rate cuts next year

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

US Dollar        1.3350-1.3450

Euro                1.4600-1.4700

Sterling           1.7000-1.7100

Comments (0)
13.12.2023
FED keeps key interest rates unchanged at 5.25-5.50%, signal 3 cuts in 2024

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

US Dollar        1.3550-1.3650

Euro                1.4600-1.4700

Sterling           1.6950-1.7050

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12.12.2023
The market is awaiting any signs of an interest rate cut in the Fed’s speech

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

US Dollar        1.3525-1.3625

Euro                1.4600-1.4700

Sterling           1.7000-1.7100

Comments (0)
07.12.2023
The Bank of Japan might be set to exit from decades of ultra-low interest rates

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

US Dollar        1.3550-1.3650

Euro                1.4600-1.4700

Sterling           1.7050-1.7150

Comments (0)
06.12.2023
The European economy appears to be slowing faster than other Western economies

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

US Dollar        1.3550-1.3650

Euro                1.4600-1.4700

Sterling           1.7050-1.7150

Comments (0)
05.12.2023
Credit ratings agency Moody’s cuts China's sovereign credit outlook to negative

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

US Dollar        1.3550-1.3650

Euro                1.4675-1.4775

Sterling           1.7100-1.7200

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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

Comments (0)
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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