USD/CADUSDCAD
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USD/CAD dips below 1.3850 amid soft dollar and tariff uncertainties
Over the past 24 hours, the USD/CAD pair has experienced a slight decline, trading below the 1.3850 level. This movement is attributed to a weakening U.S. dollar, influenced by Treasury buybacks and declining long-term yields, as well as ongoing tariff uncertainties between the U.S. and Canada. Additionally, a recent pullback in oil prices has provided modest support to the Canadian dollar.
Previous briefings
USD/CAD dips to 1.3813 amid rising oil prices and Middle East tensions
In the past 24 hours, the USD/CAD pair has declined to 1.3813, influenced by escalating Middle East tensions and a rebound in oil prices. The U.S. military's recent strikes on Iranian targets have heightened geopolitical risks, leading to a surge in crude oil prices, which typically strengthens the Canadian dollar. Additionally, the Federal Reserve's cautious stance on inflation has reduced expectations for imminent rate hikes, further pressuring the U.S. dollar.
USD/CAD falls to near 1.3850 after breaking below nine-day EMA.
Over the past 24 hours, USD/CAD has declined, trading around 1.3820 during the Asian hours on Thursday. This movement follows a break below the nine-day Exponential Moving Average (EMA), indicating a bearish trend. The Relative Strength Index (RSI) at 40.7 suggests persistent selling pressure.
USD/CAD rises to 1.3940, breaking above 1.3900 resistance.
In the past 24 hours, USD/CAD has broken above the 1.3900 resistance level, reaching 1.3940. This upward movement is attributed to the pair's position above the descending channel top, signaling a bullish reversal. The 14-day Relative Strength Index (RSI) is around 51, indicating balanced market momentum.
USD/CAD declines to 1.3890 amid escalating US-Iran tensions and rising oil prices.
In the past 24 hours, the USD/CAD pair has fallen to approximately 1.3890, influenced by heightened US-Iran tensions and a surge in oil prices. The U.S. military's recent strikes on Iranian launchers have intensified geopolitical risks, leading to increased crude oil prices. As Canada is a major oil exporter, the stronger Canadian dollar has contributed to the USD/CAD decline.
USD/CAD tests 1.3900 resistance after Canada's 3.3% Q2 GDP growth.
The USD/CAD pair is testing the 1.3900 resistance level following Canada's robust 3.3% annualized GDP growth in Q2. Despite this positive economic data, the Canadian dollar remains under pressure due to escalating U.S.-Canada trade tensions and hawkish remarks from Federal Reserve Chair Kevin Warsh.
USD/CAD rises to 1.3885 amid escalating US-Canada trade tensions and US inflation data.
The Canadian dollar weakened against the US dollar, with USD/CAD reaching 1.3885, as escalating trade tensions and persistent US inflation data exerted downward pressure. The US imposed 50% tariffs on Canadian goods, prompting retaliatory measures from Canada, intensifying the trade conflict. Additionally, higher-than-expected US inflation data reinforced expectations of continued Federal Reserve rate hikes, bolstering the US dollar.
USD/CAD hits one-week low amid escalating US-Canada trade tensions
The USD/CAD pair has declined to a one-week low as escalating trade tensions between the U.S. and Canada have revived concerns over Canada's economic outlook. The U.S. imposed 50% tariffs on $20 billion of Canadian imports, prompting Canada to retaliate with similar measures. This escalation has led to a weakening of the Canadian dollar against the U.S. dollar.
USD/CAD falls to 1.3875 amid broad USD weakness and rising oil prices
Over the past 24 hours, the USD/CAD pair declined to 1.3875, driven by a general weakening of the U.S. dollar and a surge in oil prices. The Canadian dollar benefited from higher oil prices, while the U.S. dollar's softness contributed to the pair's downward movement.
USD/CAD rises to 1.3850 as U.S. imposes 50% tariffs on Canadian goods.
The Canadian dollar weakened against the U.S. dollar following the U.S. administration's announcement of a 50% tariff on Canadian automobiles, parts, and steel. This escalation in trade tensions has led to increased demand for the U.S. dollar, pushing the USD/CAD exchange rate higher.
USD/CAD rises to 1.3821 amid escalating US-Canada trade tensions
In the past 24 hours, the USD/CAD exchange rate has increased to 1.3821, reflecting a weakening Canadian dollar. This movement is primarily driven by the intensifying trade dispute between the United States and Canada, following the collapse of recent trade talks. The U.S. has imposed 50% tariffs on Canadian goods, prompting Canada to announce retaliatory tariffs on U.S. imports, further straining bilateral relations.
USD/CAD declines to 1.3767 amid rising oil prices and US-Canada trade tensions.
Over the past 24 hours, the USD/CAD pair has fallen to 1.3767, influenced by escalating oil prices and recent trade disputes between the U.S. and Canada. The U.S. imposed 50% tariffs on certain Canadian goods, intensifying market concerns. Additionally, the Canadian dollar has been bolstered by higher oil prices, which support the commodity-linked currency.
USD/CAD drops to 1.3770 amid broad USD weakness and rising oil prices.
The USD/CAD pair declined by 0.73% to 1.3770, influenced by a weaker US dollar and higher oil prices. This marks the third consecutive day of selling pressure for the pair.
USD/CAD drops to 1.3875 amid broad USD weakness and rising oil prices
Over the past 24 hours, the USD/CAD pair declined by 0.53% to 1.3875, driven by a general weakening of the U.S. dollar and a significant sell-off in precious metals. This movement suggests a shift in market sentiment away from USD strength, with traders potentially unwinding long USD positions.
USD/CAD remains stable amid U.S.-Canada tariff delay and global bond market fluctuations.
In the past 24 hours, the USD/CAD exchange rate has remained relatively stable. This stability is attributed to the U.S. and Canada reaching a temporary agreement to delay the implementation of 50% tariffs on Canadian imports, which were set to take effect on August 19, 2026. Additionally, global bond market fluctuations, including a slowdown in the bond selloff and stock market volatility, have influenced currency markets, but their direct impact on USD/CAD has been limited.
USD/CAD stabilizes near 1.4120 amid oil price decline and Fed policy anticipation.
Over the past 24 hours, the USD/CAD pair has remained steady around 1.4120. This stability is influenced by a drop in oil prices, which typically affects the Canadian dollar, and market expectations ahead of the Federal Open Market Committee (FOMC) meeting.
USD/CAD rises to 1.4115 as oil prices drop amid US-Iran truce
In the past 24 hours, the USD/CAD currency pair has seen a slight increase, reaching 1.4115, influenced by a decline in oil prices following a temporary halt in U.S. military actions in Iran. This development has eased energy-driven inflation concerns and bolstered risk appetite, leading to a modest appreciation of the U.S. dollar against the Canadian dollar.
USD/CAD tests $1.42 amid dollar strength and oil price fluctuations.
Over the past 24 hours, USD/CAD has been testing the $1.42 resistance level, influenced by the U.S. dollar's strength and recent oil price movements. The pair's trajectory remains uncertain, with market participants closely monitoring these factors.
USD/CAD edges lower to 1.4095 as oil prices retreat and Fed rate decision looms.
In the past 24 hours, the Canadian dollar has weakened against the U.S. dollar, trading at 1.4095, influenced by a pullback in oil prices and anticipation of the Federal Reserve's upcoming interest rate decision. The loonie also declined 0.5% for the week, ending two consecutive weeks of gains, amid U.S. threats to impose 50% tariffs on a range of Canadian goods.
USD/CAD holds steady near 1.4080 as oil prices surge and May retail sales beat expectations.
Over the past 24 hours, the USD/CAD currency pair has remained relatively stable, trading around 1.4080. This stability is attributed to rising oil prices, which bolster the Canadian dollar, and a stronger-than-expected retail sales report for May. These factors have balanced out the influence of a firmer U.S. dollar.
USD/CAD dips to 1.4085 as oil prices surge amid Middle East tensions.
In the past 24 hours, the USD/CAD currency pair has experienced a slight decline, trading around 1.4085. This movement is primarily influenced by rising oil prices, which bolster the Canadian dollar, and a marginally weaker U.S. dollar. Geopolitical tensions in the Middle East, particularly involving the Strait of Hormuz, have contributed to the surge in oil prices.
Canadian Dollar retreats from one-month high as June inflation eases to 2.8%.
The Canadian Dollar (CAD) weakened against the U.S. Dollar (USD) on July 20, 2026, following the release of domestic inflation data. Canada's annual inflation rate cooled to 2.8% in June from a 29-month high of 3.2% in May, as gasoline costs fell sharply. This easing inflation reduced expectations for Bank of Canada interest rate hikes this year, leading to a pullback in the CAD.
USD/CAD drops to 1.4015 as oil prices surge and US inflation data softens.
The USD/CAD pair declined to 1.4015, its lowest level in a month, driven by rising oil prices and weaker-than-expected U.S. inflation data. The U.S. Consumer Price Index (CPI) for June increased by only 0.2%, dampening expectations for imminent Federal Reserve rate hikes. Additionally, escalating U.S.-Iran tensions have led to higher oil prices, benefiting the Canadian dollar.
USD/CAD stabilizes near 1.4047 as oil prices surge amid Middle East tensions
Over the past 24 hours, the USD/CAD pair has remained relatively stable around the 1.4047 mark. This stability is influenced by rising oil prices due to renewed Middle East conflicts and the Bank of Canada's decision to maintain its policy rate at 2.25%. These factors have balanced each other, leading to minimal movement in the currency pair.
USD/CAD dips to 1.4039 amid soft US CPI and BoC's cautious rate stance
The USD/CAD pair declined to a near-monthly low of 1.4039, influenced by weaker-than-expected US Consumer Price Index (CPI) data and the Bank of Canada's (BoC) decision to maintain its benchmark interest rate at 2.25%. The BoC's cautious tone, omitting previous hawkish language, further pressured the Canadian dollar.
USD/CAD drops to 1.4055 amid soft US CPI and rising oil prices
In the past 24 hours, the USD/CAD pair declined to 1.4055, its lowest level since June 17, 2026. This movement was driven by weaker-than-expected US inflation data and a surge in oil prices, which bolstered the Canadian dollar. Traders are now focusing on upcoming economic indicators, including the Bank of Canada's interest rate decision and US Producer Price Index data.
USD/CAD rises to 1.4165 as US-Iran tensions escalate; BoC rate decision awaited.
In the past 24 hours, the USD/CAD pair has edged higher, reaching approximately 1.4165, influenced by escalating US-Iran tensions and expectations of the Bank of Canada maintaining its key policy rate at 2.25%. The US military's recent strikes against Iran have heightened geopolitical concerns, while the BoC's anticipated rate decision on Wednesday remains a focal point for traders.
Canadian Dollar strengthens to three-week high following positive employment data.
The Canadian Dollar (CAD) appreciated to its strongest level in three weeks against the US Dollar (USD) on July 10, 2026, following the release of favorable employment data. Canada's economy added 18,200 jobs in June, surpassing expectations and contributing to a decline in the unemployment rate to its lowest point in nearly two years. This robust economic performance has bolstered investor confidence in the CAD.
USD/CAD recovers from three-week low, trading above 1.4150 ahead of Canadian jobs data.
In the past 24 hours, USD/CAD has bounced off a three-week low, trading above 1.4150. This movement is influenced by a combination of factors, including softer oil prices and expectations of a potential interest rate hike by the U.S. Federal Reserve. Traders are now awaiting the upcoming Canadian employment report for further direction.
USD/CAD dips to 1.4157 as Fed rate hike bets wane and oil prices stabilize
Over the past 24 hours, the USD/CAD pair has experienced a slight decline, reaching 1.4157, influenced by diminishing expectations for Federal Reserve rate hikes and steady oil prices. The Canadian Dollar's performance remains closely tied to global oil market dynamics, as oil is Canada's primary export. Additionally, geopolitical developments, such as easing tensions between the U.S. and Iran, have contributed to a weaker U.S. Dollar, further impacting the USD/CAD exchange rate.
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AI-generated from public news sources. Not financial advice.