USD/CAD News & Analysis
Live updates, breaking news, and economic events affecting the dollar loonie exchange rate. Last updated: 3 Jun 2026, 18:52 GMT
Current USD/CAD Rate
1.3894
Upcoming Events (Next 7 Days)
Fed Balance Sheet HIGH IMPACT
Nonfarm Payrolls Private HIGH IMPACT
U-6 Unemployment Rate HIGH IMPACT
Unemployment Rate HIGH IMPACT
Part Time Employment Chg HIGH IMPACT
Employment Change HIGH IMPACT
Unemployment Rate HIGH IMPACT
Full Time Employment Chg HIGH IMPACT
CB Employment Trends Index HIGH IMPACT
High Impact News (Last 24 Hours)
Fed's Williams: Policy in right place, no need to raise or lower rates
Federal Reserve (Fed) Bank of New York President John Williams said on Wednesday that higher energy prices are driving up costs and inflation, per Reuters.
Fed's Williams: I'm not that worried about persistent impacts on inflation so far
Inflation should be elevated through remainder of year Policy is in exactly the right place, there is no need to raise or lower ratesI'm not that worried about persistent impacts on inflation so farHigher energy prices are driving up costs and inflation Economy should growth around 2%, job market has stabilizedThe job market is healthyInflation is up 'quite a bit'I would expect inflation to peak in the next few monthsInflation should be elevated through remainder of yearInflation is elevated in ...
United States: NFP gap narrows – Standard Chartered
Standard Chartered economists Dan Pan and Steve Englander note that recent QCEW data validate softer NFP readings in late 2025, when government shutdown effects and DOGE layoffs weighed on employment.
investingLive Asia-Pacific FX news wrap: Gulf escalation, yen jitters, & biggest IPO ever
Trump tries again. US proposes 10% tariffs on 60 nations, forced-labour Section 301 probeAustralia Q1 GDP slows to 0.3% as data centre imports drag on growthChina Services PMI, May 2026 54.4 (expect 52.3, prior 52.6) fastest expansion in 3 monthsAustralia Q1 2026 GDP 0.3% q/q and 2.5% y/y.PBOC sets USD/ CNY mid-point today at 6.8184 (vs. estimate at 6.7673)SpaceX targets $75bn IPO at $135 a share as Nasdaq roadshow nearsJapan services PMI flatlines in May as war costs hit record highJapan approv...
Latest USD/CAD News
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) remains soft but broadly stable, with USD/CAD trading near 1.3850.
Federal Reserve (Fed) Bank of New York President John Williams said on Wednesday that higher energy prices are driving up costs and inflation, per Reuters.
Inflation should be elevated through remainder of year Policy is in exactly the right place, there is no need to raise or lower ratesI'm not that worried about persistent impacts on inflation so farHigher energy prices are driving up costs and inflation Economy should growth around 2%, job market has stabilizedThe job market is healthyInflation is up 'quite a bit'I would expect inflation to peak in the next few monthsInflation should be elevated through remainder of yearInflation is elevated in ...
The USDCAD is pushing to a new session high and, in the process, is testing an important resistance zone defined by last Thursday's high at 1.38689. The pair has now reached 1.3869, putting buyers and sellers at a key technical crossroads.Looking at the hourly chart, 1.38689 marks the lower boundary of a swing area that extends up to 1.3877, a zone that has repeatedly acted as support or resistance since late March. A break above 1.3877, followed by a sustained move higher, would strengthen the ...
The Institute for Supply Management (ISM) is scheduled to release the May Services Purchasing Managers Index (PMI) on Wednesday. Market participants anticipate a modest improvement, with the index forecast at 53.8, up from 53.6 in April.
Standard Chartered economists Dan Pan and Steve Englander note that recent QCEW data validate softer NFP readings in late 2025, when government shutdown effects and DOGE layoffs weighed on employment.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that renewed US–Iran tensions have lifted the Dollar, Oil and global bond yields, with a restrictive Federal Reserve (Fed) backdrop seen as supportive for further Dollar strength.
Chris Turner at ING highlights that last year’s US Dollar (USD) debasement trade favoured the Swiss Franc (CHF), Gold and bitcoin, but a more hawkish Fed view could reverse this.
The USD/CAD pair attracts fresh buyers following the previous day's directionless price moves and sticks to modest intraday gains, around mid-1.3800s, through the first half of the European session on Wednesday.
MUFG’s Michael Wan notes that stronger US labour data have lifted US yields and supported the US Dollar (USD), complicating prospects for near-term Fed rate cuts.
Trump tries again. US proposes 10% tariffs on 60 nations, forced-labour Section 301 probeAustralia Q1 GDP slows to 0.3% as data centre imports drag on growthChina Services PMI, May 2026 54.4 (expect 52.3, prior 52.6) fastest expansion in 3 monthsAustralia Q1 2026 GDP 0.3% q/q and 2.5% y/y.PBOC sets USD/ CNY mid-point today at 6.8184 (vs. estimate at 6.7673)SpaceX targets $75bn IPO at $135 a share as Nasdaq roadshow nearsJapan services PMI flatlines in May as war costs hit record highJapan approv...
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8184 compared to the previous day's fix of 6.8187 and 6.7673 Reuters estimate.
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here.Zero 7-day reverse repos in open market operates today. This article was written by Eamonn Sheridan at investinglive.com.
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% ...
USD/CAD edges lower toward 1.3830 on Tuesday at the time of writing, as the US Dollar (USD) pauses after its recent advance. The pair gives back part of its latest gains despite a geopolitical backdrop that continues to favor safe-haven demand.
Frequently Asked Questions
Why is USD/CAD moving today?
USD/CAD movements are primarily driven by interest rate decisions from the Federal Reserve (Fed) and Bank of Canada (BoC), economic data releases from the US and Canadian economies (CPI, GDP, employment), and geopolitical events. Check our live news feed above for today's specific drivers.
How often is USD/CAD news updated?
Our news feed is automatically updated every 15 minutes from trusted sources including Reuters, Bloomberg, and major forex news providers. Breaking rate alerts are generated instantly when significant moves (>0.5%) are detected.
What affects the USD/CAD exchange rate?
Key factors include Federal Reserve (Fed) and Bank of Canada (BoC) interest rate policies, economic data releases (US CPI, Federal Reserve interest rates, Non-Farm Payrolls (NFP), GDP; Canadian CPI, BoC rate decisions, employment data, oil prices), political events, trade balances, and market sentiment. Major announcements from Fed Chair and FOMC members and BoC Governor and Governing Council often trigger significant moves.