We also have the GDP data from Canada which should see the CAD under a lot of focus for today. If this data comes in strong, then we should see a bounce in the pair while on the other hand, if the data comes week, then we should see the pair moving towards the 1.21 region in quick time. dollar to Canadian dollar exchange rate history shows a decline since 2020, reaching the lowest value since April 2020 in January 2021. We also have the ADP employment data which should act as a precursor for the NFP employment data which is scheduled to come in towards the end of the week. It is more likely to be the same as they have been saying all along and hence the expectations on this are minimal. It is generally expected that these minutes would not have much to add by way of anything new. For the dollar, the key is likely to come later in the day when the FOMC meeting minutes are released but this wont be followed by a press conference. 2022 bearish dynamics of the USD/CAD currency pair is expected with an optimal forecast of 1.2442 and a daily volatility of 0.38. Some analysts say the currency is benefitting from the USD extending its losses as well as firming oil prices.This is one of the reasons why we warned traders over the moves in the currency markets over the next few days as we believe that they will be influenced more by the month end flows than by the prevailing trends. Detailed forecast of USD to CAD for a Month. The Canadian dollar climbed to a two-month high against the US dollar as well. The pound is now trading above $1.37 against the US dollar for the first time since the end of October, while EURUSD was trading around 1.4590 at the time of writing. Recent US dollar weakness helped boost the euro and the pound on Thursday. It appears many of the data points driving positive USD price action are already priced in, and the USD could struggle to maintain its recent momentum in the absence of a major move in the rates market. The dollar index fell over half a percent, touching lows not seen since early November. PUNCH January 19 Why Nigeria’s inflation rose in December after eight-month fall Analyst - PREMIUM TIMES January 19 Dollar holds near weekly high, sterling takes inflation data in stride. Markets used the opportunity to deleverage recent USD shorts, selling down the base currency and chasing gains across commodity linked currencies and risk assets. 2018 December BANK ATM RANKING Currency LOWEST HIGHEST Expected CAD. Having patiently waited for December CPI data, investors appeared underwhelmed on Wednesday as reports showed prices, despite posting their largest annual gain in almost 40 years, were largely in line with analyst expectations and offered little to re-shape or accelerate expectations for Federal Reserve policy change. The US Dollar Index was sitting around 94.81 at the time of writing. We use the midpoint between the buy and sell rates of CAD to USD at currency exchanges across the globe. As of 08:00AM UTC Two thousand eighteen canadian dollars is equal to 1,574.42 (USD) or One thousand five hundred seventy-four dollars 42 cents. The US dollar weakened again on Thursday after data showed annual PPI edged higher to 9.7% in December and weekly initial jobless claims rose to 230,000 from 207,000. 2,018 CAD to USD Canadian Dollars to Dollars Good Time.
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