USD/CAD edges higher as safe-haven demand meets Oil-supported Canadian Dollar
USD/CAD trades around 1.3665 on Tuesday, up 0.27% on the day, rebounding after briefly dipping below the 1.3600 mark on Monday. The upside move remains limited in a context shaped by diverging fundamental forces.
  • USD/CAD edges higher, supported by safe-haven demand linked to geopolitical tensions.
  • Upside remains capped by rising Oil prices, which support the Canadian Dollar.
  • Markets await monetary policy decisions from the Fed and the BoC.

USD/CAD trades around 1.3665 on Tuesday, up 0.27% on the day, rebounding after briefly dipping below the 1.3600 mark on Monday. The upside move remains limited in a context shaped by diverging fundamental forces.

Support comes primarily from renewed risk aversion driven by uncertainty surrounding US-Iran talks. Ongoing tensions around the Strait of Hormuz, a key route for global energy flows, are boosting demand for safe-haven assets such as the US Dollar (USD). The US Dollar Index (DXY) is also advancing, trading near 98.75, up 0.25%, reflecting this trend.

However, the pair’s gains are restrained by strong Oil prices. West Texas Intermediate (WTI) trades near $98.60 per barrel, supported by supply disruptions in the Middle East. This strength benefits the Canadian Dollar (CAD), as Canada is a major energy exporter, thereby limiting further upside in USD/CAD.

At the same time, investors remain cautious ahead of key central bank decisions. The Federal Reserve (Fed) is widely expected to keep its policy rate unchanged within the 3.5%-3.75% range, while the Bank of Canada (BoC) is also anticipated to hold rates steady around 2.25%. Forward guidance will be closely watched, particularly as higher energy prices could rekindle inflationary pressures.

This mixed backdrop, combining safe-haven support for the US Dollar and commodity-driven strength for the Canadian Dollar, keeps traders on the sidelines. The next directional move in USD/CAD will likely depend on signals from central banks and developments in Middle East geopolitical tensions.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.23% 0.39% 0.19% 0.30% 0.35% 0.57% 0.54%
EUR -0.23% 0.14% -0.07% 0.04% 0.10% 0.28% 0.30%
GBP -0.39% -0.14% -0.19% -0.09% -0.03% 0.16% 0.16%
JPY -0.19% 0.07% 0.19% 0.11% 0.17% 0.36% 0.35%
CAD -0.30% -0.04% 0.09% -0.11% 0.05% 0.23% 0.24%
AUD -0.35% -0.10% 0.03% -0.17% -0.05% 0.20% 0.22%
NZD -0.57% -0.28% -0.16% -0.36% -0.23% -0.20% -0.01%
CHF -0.54% -0.30% -0.16% -0.35% -0.24% -0.22% 0.00%

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 US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (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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