Currency Forecast

For the past week, investors have been selling U.S. dollars and, unfortunately, today at the July Federal Reserve monetary policy announcement, Jerome Powell’s team failed to shift the...

After starting the week with losses, the Canadian dollar reversed directions. Currently, the pair is trading at 1.3371, down 0.05% on the day. There are no Canadian releases until Friday, so any...

Today, we saw the Federal Reserve “front-run” Wednesday’s FOMC announcement by extending its $2-trillion+ lending programs another three months to the end of the year. According...

After starting the week with losses, the Canadian dollar has reversed directions on Tuesday. Currently, the pair is trading at 1.3399, up 0.32% on the day.Does Fed Have More Easing Up Its Sleeve? The...

This will be a challenging week for the U.S. dollar. On Friday, I outlined three reasons why the U.S. dollar should continue to fall. And as markets reopened Monday, investors did not hesitate to...

After gaining over 1% last week, USD/CAD has started the week with slight losses. Currently, the pair is trading at 1.3392, down 0.14% on the day. There are no Canadian events on the schedule.U.S....

It has been a rough week for the U.S. dollar. The greenback traded lower against all of the major currencies, falling to multi-month and, in some cases, multi-year lows in the process. USD/JPY,...

It has been a sleepy Friday for USD/CAD. Currently, the pair is trading at 1.3425, down 0.13% on the day. There are no Canadian events on the schedule.U.S. Manufacturing PMI eyed U.S. manufacturing...

The euro is single-handedly the best performing currency right now. It has gone from 1.12 to 1.16 over the past month and today’s rally marks nine out of 10 days of gains for...

The Canadian dollar has gained ground for a fourth successive day. USD/CAD is down 1.3% this week and is at its lowest level since June 10. In the North American session, the pair is trading at...

Uncertainty about what happens to the U.S. economy after the extra $600 unemployment benefit expires drove investors out of U.S. dollars. The greenback traded lower against all of the major...

The Canadian dollar has posted gains for a third straight day. In the North American session, the pair is trading at 1.3418, down 0.30% on the day.Canada Consumer Inflation Jumps in June There was...

European Union leaders finally reached a $2-trillion deal to rebuild their economy, sending the euro to a six-month high above 1.15. This historic agreement appeases all parties with a nearly...

USD/CAD has posted considerable gains on Wednesday. Early in the North American session, the pair is trading at 1.3458, down 0.55% on the day. There are no U.S. events on the day.Canada Retail Sales...