What is Currency Depreciation and How Does It Affect Foreign Exchange Rates
You’ve probably come across the term currency depreciation and have wondered, “What is currency depreciation?” Currency depreciation is a decline in the […]January 28 2022Read more
Canadian Dollar Update, January 27, 2022 – Canadian Dollar Swamped by FOMC
USD/CAD Open: 1.26702-06, Overnight Range: 1.2659-1.2725, Previous Close: 1.2668 WTI Oil is at $87.25 and gold is at $1,795.00. US markets are […]January 27 2022Read more
Canadian Dollar Update, January 26, 2022 – Canadian Dollar Catches Rate Hike Fever
USD/CAD Open: 1.2562-66, Overnight Range: 1.2561-1.2629, Previous Close: 1.2632 WTI Oil is at $87.36 and gold is at $1,819.60. US markets are […]January 26 2022Read more
Canadian Dollar Update, January 25, 2022 – Canadian Dollar Caught in the Crossfire
USD/CAD Open: 1.2638-42, Overnight Range: 1.2621-1.2656, Previous Close: 1.2638 WTI Oil is at $85.15 and gold is at $1,852.60. US markets are […]January 25 2022Read more
Everything You Need to Know About Airport Exchange Rates
Travelling can be exciting, but you should first learn about the airport exchange rates. Doing so saves you from carrying large sums […]January 25 2022Read more
Hard Currency vs. Soft Currency
If you have been curious to know the difference between hard currency vs. soft currency, you are in the right place. First, […]January 25 2022Read more
What’s The Currency Act In Canada?
Canada’s Currency Act was formulated to respect the country’s currency and the Exchange Fund Account. It has laws on how to handle […]January 25 2022Read more
Reasons That Can Cause the Dollar to Devalue
When there is dollar devaluation, the currency declines in value compared to another country’s currency. The Canadian dollar can depreciate due to […]January 25 2022Read more
Canadian Dollar Update, January 24, 2022 – Canadian Dollar Feels Risk Aversion
USD/CAD Open: 1.2603-07, Overnight Range: 1.2557-1.2614, Previous Close: 1.2581 WTI Oil is at $82.24 and gold is at $1,834.80. US markets are […]January 24 2022Read more
Canadian Dollar Update, January 21, 2022 – Canadian Dollar Slips on Negative Risk Sentiment
USD/CAD Open: 1.2506-10, Overnight Range: 1.2501-1.2536, Previous Close: 1.2504 WTI Oil is at $84.83 and gold is at $1,836.10. US markets are […]January 22 2022Read more
Canadian Dollar Forecast
KnightsbridgeFX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices, interest rate activity, and the Coronavirus/COVID-19 are likely to affect the CAD, and its relationship to the USD. Stay abreast on what the Bank of Canada and Central Bank are doing, as well as how the CAD is doing against the Greenback.
