Forex canadian dollar to us dollar
Michael Canadian Tech Investor's Forecast dollar just been released, giving you the strategies, tactics and 7 stock picks that'll ensure you cash in on the greatest commercialization era Silicon Valley has ever seen. Get details on your free copy here. After a long downward journey, the CAD to USD exchange rate seems to have found some support. However, there are signs that confirm that the Canadian dollar forecast might see more downside ahead. Central banks of all of the biggest economies are moving in tandem. From Asia to Europe to North America, low interest canadian have become commonplace. In a futile attempt to boost their struggling economies, central dollar around the world have been cutting rates. Some central banks seem to have gone a little too dollar in their efforts. The European Central Bank ECB and the Bank of Japan BoJ are worth a mention here. The two have surprised us with something we were previously unaccustomed to seeing—a negative interest rate policy NIRP. These global economic troubles are now spilling over to the U. Federal Reserve to contemplate a similar policy move. Yes, Fed Chair Janet Yellen has categorically said that negative interest rates are not off the table. The Bank of Canada is now under pressure to match its policy with its global counterparts in order to save the Canadian economy. Forex fact, it is rumored that the Bank of Canada may eventually go down the same path as the ECB and BoJ—that is, pushing interest rates into negative territory. Negative or not, an interest rate cut can have one—and only one—impact on the Canadian dollar and that is depreciation! The second headwind is oil. Canada is heavily reliant on oil prices, since the commodity makes up the biggest portion of its foreign exchequer. This is where the country makes most of its money. However, oil has fallen in a downward spiral and the fall has perpetuated to year lows. The two have historically moved in tandem. Chart courtesy of www. Some are optimistic that the oil rout will sooner or later reverse. Statistics, however, indicate that oil prices are not going up anytime soon. The canadian industry is facing a massive glut, with the oil supply currently outweighing demand by 1. Since none of the oil-producing nations are ready to cut supply, oil prices will remain depressed in the days to come. Ultimately, so will the Canadian dollar. From a rational perspective, the Canadian dollar is likely in for more downside. This is FREE from Profit Confidential. You can unsubscribe at any time. Credit Card is NOT required. Bulls Favor Amazon Plan to Disrupt Grocery Business. Tiny Tech Stock on the Verge of Breaking Out. The Tiny Tech Stock Is About to Go Vertical. Key Indicator Shows Tiny Tech Stock Could Skyrocket. Ethereum Price Prediction for Will Ethereum Forex Bitcoin in ? The Catalyst That Could Reignite Regeneron Stock. Amazon Stock Is Still Primed for Higher Stock Prices. 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No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder. Home Editors George Leong Gaurav S. Downside Ahead for CAD to USD Canadian Rate Palwasha Saaim B. Sc Dollar Confidential T Two headwinds point to a bearish Canadian dollar forecast in February 15, About the Author. Premium CONTENT The 7 Biggest And Most Profitable Tech Stocks for By Palwasha Saaim B. Is It Time to Bail on World Wrestling Entertainment, Inc. Dollar Golden Opportunity for Stock Market Investors. Privacy Policy This is FREE from Profit Confidential. 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In response, she wrote her first book, Henry Huggins, which was published in 1950.