Currency Forecast

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Thanks to a more 330-point recovery in the Dow Jones Industrial Average most of the major currency pairs traded higher on...

The Canadian dollar has posted losses in the Monday session. Early in the North American session, USD/CAD is trading at 1.2959, up 0.58% on the day. On the release front, there are no Canadian events....

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar extended its slide on Friday when Canada, the European Union and China blasted President Trump’s decision...

The Canadian dollar has posted slight losses in the Friday session. Currently, USD/CAD is trading at 1.2859, up 0.17% on the day. On the release front, Canada releases GDP, with the markets braced for...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.As we feared, the first day of March kicked off with more weakness for currencies and equities. At the start of the NY session,...

The Japanese Yen has been the strongest G10 performer this year, and the recent surge of Yen demand suggests there could be more gains ahead.Volatility for Yen pairs exploded yesterday and sent...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Euro, sterling and the Canadian dollar ended the month of February at their lows. The Swiss franc, Australian and New Zealand...

The Canadian dollar is unchanged in the Wednesday session. Currently, USD/CAD is trading at 1.2775, down 0.02% on the day. The Canadian dollar has paused after Tuesday’s losses, but finds itself...

The Canadian dollar has recorded small gains in the Tuesday session. Currently, USD/CAD is trading at 1.2703, up 0.13% on the day. On the release front, the sole Canadian event is the annual budget....

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Federal Reserve Chairman Jerome Powell’s testimony on the economy and monetary policy is the most important event risk...

The Canadian dollar has recorded slight gains in the Monday session. Currently, USD/CAD is trading at 1.2663, up 0.22% on the day. On the release front, it’s a quiet start to the week. There are...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Friday’s Federal Reserve monetary policy report failed to have a significant impact on the dollar. Many hoped that it...

Canada released CPI data, which is marked as a high volatility calendar. The Bank of Canada raised for the third time this cycle in January, and markets are pricing the April meeting as a coin toss...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The sellers are back and they have driven the U.S. dollar lower against all of the major currencies. Thursday’s move had...