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Currency Updates

Track currency trends and access our reports on the industry from our team of market experts.

FX Daily

Read the most recent FX daily news and analyses on the economic trends that impact forex trading. MFTX specialists guiding customers on a broad range of forex-related insights, such as foreign exchange news, daily charts and currency rates.

FX Weekly

The CAD still trades a little "rich" in comparison to our basic fair value estimate, but we observe that the modelled outcome has significantly improved over the past week, and there is a growing association between the CAD and US stocks.

FX Monthly

The Canadian currency is not expected to do well given the impending economic headwinds, global recession fears, slowdown in the local sector (real estate), inflationary pressures, unsustainable debt payment costs, commodity price declines and risk aversion.

Canadian Dollar Forecast, January 2022

While an omicron-stalled recovery prevents a Bank of Canada action in January, assuming a spring reprieve from Covid, expect for April to kick off an already well-forecast tightening cycle. Omicron is expected to witness a drop in services employment and a weak first-quarter GDP figure, although demand will likely rebound once this wave passes. Put together, the loonie should gather steam in 2022.

Currency Chart

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