FX Daily
Today, the Canadian dollar is continuing to strengthen. Over the past five sessions, the US dollar has experienced declines in four of them.
FX Weekly
As the month comes to a close, the Canadian dollar (CAD) is showing very little movement against a generally stronger US dollar (USD).
FX Monthly
The US dollar initially extended last week's gains against the Canadian dollar to almost CAD 1.3570 before reversing lower.
Canadian Dollar Forecast, May 2023
The Bank of Canada has maintained a conditional pause since January, keeping interest rates unchanged.
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