USD/CAD remains steady above 1.3800 but lacks strong upward momentum amid broad USD weakness. A softer US Dollar — pressured by moderating Treasury yields, cautious Fed commentary, and mixed economic data — is limiting gains. Meanwhile, CAD holds firm supported by resilient oil prices and anticipation of the Bank of Canada’s upcoming rate decision. Traders stay watchful amid ongoing macro uncertainties.
Weak Canadian employment data for May 2024 signals economic slowdown, pushing the Canadian dollar down and boosting the US dollar. Market expectations of further Bank of Canada rate cuts widen the gap with the Fed’s steady policy, strengthening the USD/CAD pair.
The USD stays firm amid solid U.S. economic data and persistent inflation concerns, while the euro approaches the ECB’s key policy decision amid slowing Eurozone growth. Markets await ECB signals for clues on the future of global monetary policy and currency direction. #ForexUpdate #ECB #USD #EUR
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US dollar retreats as markets price in Fed rate cuts amid softening US economic data. Euro and pound gain on more cautious ECB and hawkish BoE signals, while yen and loonie lag due to domestic challenges. Diverging central bank paths continue to shape currency moves.
Strong May job data sent the US dollar higher after early-week losses, as non-farm payrolls rose well above forecasts. Investors now anticipate the Federal Reserve may delay interest rate cuts amid ongoing labor market strength, boosting dollar demand against major currencies.
Canada and US released weaker-than-expected jobs reports, signaling a cooling labor market. While the U.S. dollar dipped on hopes for dovish Fed moves, the Canadian dollar remained steady amid mixed economic signals and firm oil prices. Forex traders now watch central bank policies closely for next steps.
USD/CAD shows a strong bullish trend as of September 8, 2025, driven by robust U.S. economic data and cautious Canadian CPI. Oil price volatility adds complexity but Fed’s hawkish stance supports USD strength. Watch resistance at 1.3750 for potential pullbacks. Trade with strategy.
USD/CAD extends its rally toward 1.3850 as markets price in potential interest rate cuts from both the Fed and the Bank of Canada. Easing inflation and softening labor markets bolster expectations for monetary easing, strengthening the US dollar while weighing on the Canadian dollar. Traders await upcoming economic data for further cues.
USD/CAD is consolidating just below a key 2024 downtrend resistance, forming a coiling pattern that hints at a major breakout soon. Traders are closely watching interest rate divergences, oil prices, and economic data for direction. A break above 1.3710 could signal a bullish shift, while failure may renew downside pressure.
