USD/CAD (CAD=X)
| Previous close | 1.3822 |
| Open | 1.3821 |
| Bid | 1.3831 |
| Day's range | 1.3802 - 1.3849 |
| 52-week range | 1.3149 - 1.3892 |
| Ask | 1.3836 |
FX EmpireGlobal Economy: Soft Landing Reinforces Prospect of Higher-for-longer Interest Rates
A sustained period of higher interest rates will present a challenge for many borrowers worldwide, as economies adapt to a new era of comparatively tight monetary policy amid a recovery in growth and enduring inflation.
FX EmpireOcta’s Review Of Upcoming Central Bank Decisions
Three policy rate decisions over 48 hours will test investors’ interest rate expectations. What will central banks decide next week? Octa analysts share their opinion.
- Investing.com
Scotiabank, ING bearish on Loonie as Canadian dollar loses further ground vs. USD
The Canadian Dollar continued to weaken against its US counterpart today, rising treasury yields, rising risk aversion, and hotter-than-expected retail sales boosted the safe-haven greenback. Low-impact inflation data from Canada also helped assuage some fears after yesterday’s hotter-than-expected core Canadian CPI read. Canada’s Raw Material Price Index fell 4.9% in December, well below the forecast for a 1.6% decline.
