Canadian Dollar dips as Fed hawkish outlook, weaker Oil pressure CAD
USD/CAD trades around 1.4130 on Thursday, up 0.21% on the day, as the US Dollar (USD) maintains a positive tone following the Federal Reserve’s (Fed) monetary policy decision. The pair continues to hold above the 1.4100 level, supported by a reassessment of US interest rate expectations.
  • USD/CAD rises 0.21% on Thursday and trades around 1.4130 at the time of writing.
  • The US Dollar remains supported after a hawkish Fed meeting, despite the preliminary US-Iran agreement.
  • Lower Oil prices emphasise downside pressure on the Canadian Dollar.

USD/CAD trades around 1.4130 on Thursday, up 0.21% on the day, as the US Dollar (USD) maintains a positive tone following the Federal Reserve’s (Fed) monetary policy decision. The pair continues to hold above the 1.4100 level, supported by a reassessment of US interest rate expectations.

The Fed left its benchmark interest rate unchanged within the 3.5%-3.75% range, in line with market expectations. However, updated economic projections showed that roughly half of Federal Open Market Committee (FOMC) members expect at least one additional rate hike this year. During his first press conference as head of the central bank, Fed Chair Kevin Warsh reaffirmed his commitment to restoring price stability, highlighting the resilience of the labor market and persistent underlying inflation pressures.

This more restrictive policy outlook continues to support the Greenback, even as safe-haven demand eases following the announcement of a preliminary memorandum of understanding between the United States (US) and Iran aimed at ending hostilities in the Middle East. According to Rabobank, improving geopolitical prospects and a potential full reopening of the Strait of Hormuz could reduce demand for safe-haven assets, but the impact of the Fed’s hawkish shift is currently outweighing those factors for the US Dollar.

On the Canadian side, the Canadian Dollar (CAD) is weighed down by lower Oil prices. West Texas Intermediate (WTI) is hovering below $75 per barrel, down more than 0.90% on Thursday at the time of press. This factor is generally negative for the commodity-linked currency, given the importance of energy exports to the Canadian economy.

At the same time, investors remain focused on the global growth outlook and the potential consequences of higher US interest rates. A further rise in US Treasury yields could continue to favor the US Dollar against the Canadian Dollar, even as overall market sentiment improves.

Canadian Dollar Price Today

The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.33% 0.47% 0.16% 0.16% 0.11% 0.13% 0.56%
EUR -0.33% 0.16% -0.15% -0.17% -0.23% -0.25% 0.22%
GBP -0.47% -0.16% -0.32% -0.33% -0.37% -0.39% 0.05%
JPY -0.16% 0.15% 0.32% 0.02% -0.06% -0.08% 0.38%
CAD -0.16% 0.17% 0.33% -0.02% -0.08% -0.09% 0.37%
AUD -0.11% 0.23% 0.37% 0.06% 0.08% -0.02% 0.44%
NZD -0.13% 0.25% 0.39% 0.08% 0.09% 0.02% 0.47%
CHF -0.56% -0.22% -0.05% -0.38% -0.37% -0.44% -0.47%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).

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실시간 시세

이름 / 기호
차트
% 변동 / 가격
GBPUSD
1일 변동
+0%
0
EURUSD
1일 변동
+0%
0
USDJPY
1일 변동
+0%
0

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