Canadian Dollar gains on risk tensions, firm US labor data
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.
  • USD/CAD trades around 1.3830 on Tuesday, down 0.09% on the day at the time of writing.
  • The Canadian Dollar gains some ground despite ongoing caution surrounding Middle East tensions.
  • Investors assess the impact of a still-resilient US labor market following strong JOLTS data.

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.

Market sentiment remains driven by developments in the Middle East. Concerns resurfaced after reports indicated that Iran had suspended indirect communications with the United States (US), raising fears of a renewed regional escalation. This environment continues to support demand for the US Dollar, although investors appear to be taking a more cautious stance following the Greenback’s recent rally.

At the same time, the Canadian Dollar (CAD) finds some support as markets reassess the impact of geopolitical tensions on energy prices. While Oil prices have recently retreated, risks to global supply flows remain elevated, particularly due to potential disruptions around the Strait of Hormuz.

Investors are also digesting the latest US economic data. The Job Openings and Labor Turnover Survey (JOLTS) showed that US job openings increased to 7.618M in April from a revised 6.887M in March, well above market expectations of 6.88M. The release reinforces the view that the US labor market remains resilient despite restrictive financing conditions.

These figures support Federal Reserve (Fed) officials in maintaining a cautious approach toward monetary easing. Cleveland Fed President Beth Hammack stated that labor market data continues to point to stability while emphasizing that inflation remains a significant concern.

On the Canadian side, investors are also monitoring the resumption of trade talks between Canada and the United States. Analysts at Scotiabank believe the Canadian Dollar is currently underperforming its G10 peers but note that stabilizing yield spreads between the two countries could provide modest support to the Canadian currency in the coming days.

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 Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.02% -0.11% 0.16% -0.06% -0.30% 0.12% 0.11%
EUR -0.02% -0.12% 0.15% -0.09% -0.31% 0.11% 0.10%
GBP 0.11% 0.12% 0.24% 0.03% -0.17% 0.25% 0.17%
JPY -0.16% -0.15% -0.24% -0.22% -0.44% -0.03% -0.09%
CAD 0.06% 0.09% -0.03% 0.22% -0.23% 0.19% 0.12%
AUD 0.30% 0.31% 0.17% 0.44% 0.23% 0.41% 0.34%
NZD -0.12% -0.11% -0.25% 0.03% -0.19% -0.41% -0.07%
CHF -0.11% -0.10% -0.17% 0.09% -0.12% -0.34% 0.07%

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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