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USD/CAD Forex
USD/CAD News
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Bank of Korea Study Finds Dollar-Backed Stablecoins Can Push Local Currencies Lower
A study by the Bank of Korea found that demand for dollar-backed stablecoins can depress national currencies, especially when global exchanges like Binance enable direct fiat-to-stablecoin trading. Th
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EU Ambassador to the US Calls for "Maximum Pressure" on Russia, Stating Russia's War Aims Remain Unchanged
Jovita Neliupšienė, the European Union's ambassador to the United States, stated in an interview with Bloomberg that Europe must continue to support Ukraine while exerting "maximum pressure" on Russia
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Iran's national currency hits new all-time low of over 2.25 million rials per US dollar as Tehran market opens Saturday
The Iranian rial's depreciation comes amid escalating US economic pressure, including an “Economic D-Day” sanctions regime announced last month, and ongoing military confrontation with the US. Preside
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JPMorgan Chase has reinstated its long position on the dollar, with analysts believing the dollar remains undervalued by 3% to 4% relative to interest rate differentials, and that the resilience of the U.S. economy has not been fully priced in.
JPMorgan Chase has reinstated its long position on the dollar, with analysts believing the dollar remains undervalued by 3% to 4% relative to interest rate differentials, and that the resilience of th
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J.P. Morgan analysts note that while the yen is bullish in the short term, its upward momentum faces a test as policy expectations are realized; investors should be wary of the fact that expectations of a Bank of Japan rate hike and GPIF asset reallocation have already been largely priced in.
J.P. Morgan analysts note that while the yen is bullish in the short term, its upward momentum faces a test as policy expectations are realized; investors should be wary of the fact that expectations
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Goldman Sachs analysts believe that the appreciation of the Japanese Yen "has just begun," with rising expectations for a Bank of Japan (BOJ) interest rate hike and GPIF asset reallocation being key driving factors.
Goldman Sachs analysts believe that the appreciation of the Japanese Yen "has just begun," with rising expectations for a Bank of Japan (BOJ) interest rate hike and GPIF asset reallocation being key d
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Hong Kong's Lee Says City to Expand Offshore Yuan Usage, Cross-Border Investment in 5-Year Plan
Hong Kong Chief Executive John Lee stated on Friday that the city's first five-year plan will focus on expanding offshore yuan investment and risk management products, as well as widening mutual marke
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USD/KRW falls 0.73% intraday to 1,345.9900.
USD/KRW falls 0.73% intraday to 1,345.9900.
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Canada's employment unexpectedly fell by 41,700 in August, significantly missing expectations. The Canadian dollar is under pressure and has declined, with market expectations for a Bank of Canada rate hike rapidly cooling.
Canada's employment fell by 41,700 in August, the first decline since April this year, far below the market expectation of a 15,000 increase, Statistics Canada reported on Friday. The unemployment rat
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Emerging market currency indices have risen for 10 consecutive weeks, marking their longest winning streak since 2007, with the rally unbroken even by strong US non-farm payroll data.
The MSCI Emerging Markets Currency Index rose 0.4% on Friday, accumulating a 0.7% gain for the week, marking its 10th consecutive week of increases, the longest winning streak for the index since 2007
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Italian students and unions launched protests nationwide on Friday, as the government bolstered security measures in anticipation of unrest. The demonstrations target soaring living costs, education investment, and the Middle East conflict.
Italian students and unions launched protests on Friday, with the government increasing security measures in response to potential unrest. The protests targeted soaring living costs, education investm
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Richmond Fed President Barkin: The Federal Reserve's policy direction is clear, and a gradual approach is a good choice.
Richmond Fed President Barkin said in an interview with SiriusXM that the Federal Reserve signaled gradual rate hikes at its September meeting, which he believes is reasonable when the Fed is not sign
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Anchorpoint Plans Native HKDAP Issuance on Solana
Anchorpoint plans to issue native HKDAP on Solana. Currently, HKDAP remains in Ethereum-only beta access, while HSBC’s RedCoin has already launched for retail payments through PayMe.
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Strait of Hormuz tensions persist: Iran claims multiple oil tankers struck by mines, destroys enemy unmanned vessel; Oman Navy rescues crew.
Al Jazeera's latest report indicates that Iranian authorities have reported multiple incidents recently in and around the Strait of Hormuz. The Islamic Revolutionary Guard Corps Navy stated that it pr
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Germany's preliminary CPI for October rose 2.8% year-on-year, below the expected 3.0%; month-on-month, it fell 0.2%, lower than the expected 0.1% increase, which may ease pressure on the European Central Bank to raise interest rates.
Germany's preliminary CPI for October rose 2.8% year-on-year, below the expected 3.0%; month-on-month, it fell 0.2%, lower than the expected 0.1% increase, which may ease pressure on the European Cent
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The Swiss National Bank (SNB) recorded a massive profit of $23 billion in the third quarter, driven by a surge in its gold and foreign exchange holdings.
The Swiss National Bank (SNB) announced on Friday that its third-quarter investment profit reached 19.1 billion Swiss francs (approximately $23.3 billion), primarily driven by gold and foreign exchang
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Qatari mediators arrived in Tehran on Friday to present Iran with revised peace deal terms to avoid a US military strike.
Qatari mediators arrived in Tehran on Friday to present Iran with revised peace deal terms aimed at ending the conflict between the United States and Iran, CBS News reported. A source familiar with th
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Al Jazeera: Regional diplomatic efforts aim to prevent a "large-scale" escalation of US-Iran conflict after US midterm elections
Al Jazeera reports that regional countries are engaged in diplomatic efforts to prevent a "large-scale" escalation of the US-Iran conflict that could emerge after the US midterm elections. Countries s
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US weighs new strikes on Iran, while Vice President Vance proposes negotiations; Qatari mediators visit Tehran again on Friday
The U.S. is weighing options for a new round of strikes against Iran, following reports by the Wall Street Journal that General Cooper, commander of U.S. Central Command, briefed President Donald Trum
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Euro set for worst month against Pound since 2022, weighed by French concerns
The euro is set for its weakest month in over four years compared to the pound, as concerns about France’s economic outlook weigh on the common currency.
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EQ9 Token Analysis: Project Positioning, Market Performance, and Future Development Prospects
The EQ9 (Equals9) token aims to revolutionize the traditional foreign exchange sector by providing low-cost, high-efficiency international currency management services through its Polygon-based technology platform. The project plans to transition to a proprietary chain in the future to further enhance performance. However, EQ9's current market performance faces challenges, with extremely low 24-hour trading volume, significant discrepancies in circulating market capitalization data, and severe price volatility. Investors need to be wary of its liquidity risks and closely monitor the project's subsequent technological developments and market dynamics.
USD/CAD Summary
Several key factors influence the movement of the USD/CAD. The monetary policies of the U.S. Federal Reserve (Fed) and the Bank of Canada (BoC) are primary drivers; interest rate differentials between the two central banks can significantly impact the pair's value. Economic data releases, such as GDP growth, employment figures (like the U.S. Non-Farm Payrolls and Canada's Labour Force Survey), and inflation reports, are also critical. Furthermore, as Canada is a major global oil exporter, the price of crude oil has a strong inverse correlation with the pair. A rise in oil prices typically strengthens the Canadian dollar (often nicknamed the 'Loonie'), causing the USD/CAD rate to fall, and vice versa.
For participants in the broader financial and cryptocurrency markets, the USD/CAD pair serves as a valuable barometer for global risk sentiment and the strength of the U.S. dollar. Since most major cryptocurrencies are priced against the USD, significant movements in the dollar's value against other major currencies can influence crypto valuations. A broadly stronger USD can sometimes create headwinds for risk assets, including digital currencies. Additionally, the Canadian dollar's status as a commodity currency means its performance can reflect global growth expectations, providing a macro-level context that is relevant for all asset classes.
24H Trending
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ZachXBT: Axis Robotics insiders dumped approximately 42 million AXIS tokens, causing a 40% crash; project team attributes it to OTC counterparty default.
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New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
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Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
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Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
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Meta rose 3.01% from its previous close, now trading at $630.935.
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Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
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Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
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DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
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ECB's Cipollone: Europe to move to T+1 securities settlement on 11 October 2027; Eurosystem expands tokenised finance infrastructure
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onXRP Team to Launch New Trading Method on XRP Ledger Next Week
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