Why do investors buy more CAD compared to CAD?

As a result, investors will buy more CAD, driving up the demand for the currency, and increasing its value relative to the USD. On the other hand, when interest rates in the US are higher than those in Canada, the USD typically appreciates relative to the CAD.

What is CAD currency?

The CAD is the 7th most commonly traded currency in the world, and can be denoted with either a traditional '$' sign, or 'C$' to differentiate it from other Dollar-based currencies. USD/CAD Price Forecast: 1.3900 Holds Firm as DXY Retreats, Will 20-Day MA Provide Support?

What is the IFC consensus Canadian dollar forecast?

Contact Us or Get Started The IFC Consensus Canadian Dollar Forecast is based on the aggregation of forecasts by major Canadian and Global banks and trading houses. The methodology used to calculate the forecast takes into account, among other things, the historical accuracy of the forecaster as well as other factors deemed relevant.

Why does the USD appreciate compared to the CAD?

On the other hand, when interest rates in the US are higher than those in Canada, the USD typically appreciates relative to the CAD. This is because higher interest rates in the US make the USD more attractive to investors looking to earn higher returns.