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Canadian Dollar Forecast Directory - Page #73

A round up of the latest Canadian Dollar forecast news items from the Currency News desk.

Foreign Exchange Insight : USD/CAD Rate Hits 40 Month Low as Outlook for Canada Improves

1 Mar 2011 at 2 PM - Written by John Cameron

STORY LINK Foreign Exchange Insight : USD/CAD Rate Hits 40 Month Low as Outlook for Canada Improves

As expected this afternoon, the Bank of Canada opted to maintain interest rates at their current 1.0% level. However, the CAD edged slightly downwards against the majors in the aftermath of the decision as the accompanying statement noted that the Canadian economy still has ‘significant excess supply’, playing down inflationary pressures...

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Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, HKD, CAD, INR

24 Feb 2011 at 3 PM - Written by John Cameron

STORY LINK Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, HKD, CAD, INR

POUND STERLING The Pound has suffered a poor day on the Foreign Currency markets as analysts digested the minutes of this month’s Bank of England Policy meeting, released yesterday. Three of the nine-man committee voted for a rate hike, meaning that two other members will have to join them next month to precipitate a rise. The minutes...

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Morning Foreign Exchange Report : Oil Price Rally Continues to Affect Currency Rates

23 Feb 2011 at 8 AM - Written by John Cameron

STORY LINK Morning Foreign Exchange Report : Oil Price Rally Continues to Affect Currency Rates

Civil unrest continues in Libya, with independent sources estimating that over 300 pro-democracy demonstrators have lost their lives already. This number looks set to rise, with ruler Colonel Gaddafi appearing on state television last night to urge his supporters to attack the ’rats’ and ’cockroaches’ who were demanding greater...

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Morning Foreign Exchange Report : Arab Uprising Causes Appetite for Risk to Plummet

22 Feb 2011 at 7 AM - Written by John Cameron

STORY LINK Morning Foreign Exchange Report : Arab Uprising Causes Appetite for Risk to Plummet

Pro-democracy protests have escalated in the last 24 hours across the Middle East and Northern Africa. Colonel Gaddafi’s 42 year rule in Libya looks to be nearing an end as anti-government insurgents continue their violent protests in the capital Tripoli and in other Libyan cities. One of Gaddafi’s sons yesterday reported that two Eastern...

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Morning Foreign Exchange Report : Interest Rate Expectations Continue to Subdue the US Dollar

21 Feb 2011 at 6 AM - Written by John Cameron

STORY LINK Morning Foreign Exchange Report : Interest Rate Expectations Continue to Subdue the US Dollar

Violent unrest continues to plague the Middle East, as pro-democracy protestors demand increased freedoms from their leaders. Several protestors were killed by government forces in the Gulf State of Bahrain at the end of last week and hundreds of protestors continue to occupy the Bahraini capital city’s central square. Meanwhile, in Libya,...

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Exchange Rate Predictions - USD, EUR, GBP, NZD, CAD, INR

18 Feb 2011 at 5 PM - Written by John Cameron

STORY LINK Exchange Rate Predictions - USD, EUR, GBP, NZD, CAD, INR

US DOLLAR The Dollar lost ground across the board during today’s session as the S&P500 rallied to its highest level since June 2008. However, this bull-run may stall following news that China has taken steps to further tighten monetary policy by upping its Reserve Requirement Ratio by 50 basis points to 19.50%. This means that Chinese...

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Morning Foreign Exchange Report : Arab Unrest Could Cause Oil Price Rally

18 Feb 2011 at 6 AM - Written by John Cameron

STORY LINK Morning Foreign Exchange Report : Arab Unrest Could Cause Oil Price Rally

US policy-makers expressed fears yesterday over civil unrest in the Gulf state of Bahrain. Government forces stepped in to clear anti-government protestors from a square in the Bahraini capital of Manama, leaving several dead and over a hundred injured. The US Secretary of State, Hilary Clinton telephoned her Bahraini opposite-number...

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Foreign Currency Rate Predictions - USD, EUR, GBP, NZD, CAD, CHF

14 Feb 2011 at 5 PM - Written by John Cameron

STORY LINK Foreign Currency Rate Predictions - USD, EUR, GBP, NZD, CAD, CHF

US DOLLAR The Dollar made significant gains against the Euro in today’s trading session, gaining over half a percent on the day. Policy-makers in the US have remained dovish on a near-term rate hike, tomorrow’s retail sales figure and Wednesday’s inflation figure could alter this. NEAR-TERM OUTLOOK – NEUTRAL TO...

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Foreign Currency Prediction - Pound Canadian Dollar Rate Could Deteriorate

14 Feb 2011 at 10 AM - Written by John Cameron

STORY LINK Foreign Currency Prediction - Pound Canadian Dollar Rate Could Deteriorate

The Canadian Dollar benefitted from some extremely positive trade figures which were released at the start of Friday’s North American session. The data showed that Canada enjoyed a trade surplus in December, 2010, for the first time in nine months. Analysts had expected the figure to show another deficit of CAD300m; instead market...

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Chinese Rate Hike Hurts the Canadian Dollar

8 Feb 2011 at 3 PM - Written by John Cameron

STORY LINK Chinese Rate Hike Hurts the Canadian Dollar

The Canadian Dollar has lost ground against the 16 most-traded currencies following China’s decision to raise its interest rates for the third time since October, 2010. The People’s Bank of China announced that its headline 12 month lending rate will increase to 6.06 percent from 5.81 percent, as of tomorrow. The one-year deposit rate...

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