A consistent sense of neutrality has begun to dominate USD/CAD price action in the short term, as the latest session has shown only a marginal move of around 0.04%. This lack of clear direction comes after both the Federal Reserve and the Bank of Canada announced their respective interest rate decisions.
USD/CAD whipsaws around 1.3680 as the Fed holds with most dissents since 1992
The Bank of Canada just released its Policy Rate decision, maintaining rates unchanged for the fourth time since October 2025 and, quite frankly, not hinting at much change in its stance.
Bank of Canada and USD/CAD update: The Bank of Canada holds rates steady, citing a soft economic outlook based on a $75 oil assumption. With WTI Crude topping $100 and boosting Canada's national income, the BoC may soon pivot hawkish.
USD/CAD Price Forecast: Holds onto gains near 1.3700 in countdown to BoC-Fed policy
USD/CAD has come under sustained pressure following a sharp reversal from recent highs, with price now testing a key support zone that could shape the near-term outlook. The pullback reflects a shift in momentum after the prior advance, bringing the focus to whether this level can stabilize the decline.
USD/CAD Price Forecast: Gains ground above 1.3600, while bearish technical bias persists
USD/CAD falls toward six-week lows as US Dollar dips, Oil lifts CAD
USD/CAD's fall from 1.3965 resumed by breaking through 1.3629 temporary low. Intraday bias is back on the downside for retesting 1.3480 low.
USD/CAD tests fresh six-week lows sub-1.3630 amid wide US Dollar weakness
USD/CAD Price Forecast: Seems vulnerable near 1.3660; 200-hour EMA holds the key for bulls
The US Dollar to Canadian Dollar (USD/CAD) exchange rate edged lower to 1.3679, with the pair pulling back from tests of the 1.37 area as broader US Dollar strength faded. Scotiabank notes that recent Canadian Dollar weakness has pushed USD/CAD away from fair value, with the pair trading above its estimated equilibrium level near.