USD CAD

The start of the trading week has not been particularly favorable for the Canadian dollar. Over the last two trading sessions, USD/CAD has gained more than 0.6% in favor of the U.S. dollar, reflecting a loss of momentum for the CAD in the short term.

USD/CAD was in a hard sell-off driving the pair into deep oversold conditions to finish last week. But an early-week bounce is squeezing shorts as a dual tariff announcement has unsettled the backing fundamentals in the pair.

USD/CAD rises as US-Canada trade tensions escalate. Gold extends rally to fresh three-month high ahead of Fed Chair Warsh's speech and inflation data.

USD weakness, rising CAD demand and renewed JPY shorts shape this week’s COT report ahead of Jackson Hole.

The tariff threat overhanging USD/CAD has been abruptly removed, with Donald Trump saying both nations have a deal.

Over the last 3 trading sessions, the Canadian dollar has shown signs of strength, reflected in a USD/CAD decline of nearly -0.43%, marking a short-term bearish bias. This pressure has held steady following the release of Canada's inflation data and amid expectations of progress in tariff negotiations, keeping the Canadian currency from losing ground.

USD/CAD delivers bullish reversal signal just as a key US-Canada tariff deadline approaches. The outcome could determine whether the bearish trend extends or snaps back sharply.

Canada’s July CPI rose 3.0%, up from 2.8% in June, though median CPI was more moderate at 2.0% ahead of Wednesday deadline for 50% tariffs on $20B of Canadian exports to the US - what are the implications for USD/CAD?

USD/CAD is trading at its lowest level since early June as data divergence builds. Attention now shifts to US inflation and whether Fed rate hike bets continue to dwindle.

The FX market is centered around the Japanese Yen at this point, as the built-in carry trade faces pressure from the US Treasury department.

Over the last few sessions, the USD/CAD has seen a slight appreciation of nearly 0.3% in favor of the US dollar. However, beyond this mild bias, the broader chart picture reflects a prolonged consolidation.

GBP/USD has, on average, seen its worst monthly performance in August, with average returns of around -0.5% since 1971. See what other seasonal patterns could play out in August!