USD/CAD falls toward six-week lows as US Dollar dips, Oil lifts CAD
USD/CAD declines for a second consecutive day on Monday, trading around 1.3610 at the time of writing, down 0.44% on the day and testing its lowest levels in six weeks.
  • USD/CAD extends its decline and trades around 1.3610, near six-week lows.
  • Optimism over easing Middle East tensions weighs on safe-haven demand.
  • Rising Oil prices support the Canadian Dollar ahead of the BoC and Fed decisions.

USD/CAD declines for a second consecutive day on Monday, trading around 1.3610 at the time of writing, down 0.44% on the day and testing its lowest levels in six weeks. The pair remains under selling pressure, mainly driven by a broad weakening of the US Dollar (USD) amid a relative improvement in market sentiment.

Markets are reacting to reports suggesting a potential resumption of dialogue between the United States (US) and Iran. According to Axios, citing sources familiar with the matter, Tehran has submitted a new proposal aimed at ending the conflict and reopening the Strait of Hormuz, a key route for global Oil supply. Although negotiations remain uncertain, these developments are fostering moderate optimism, reducing demand for the Greenback as a safe-haven asset.

At the same time, the Canadian Dollar (CAD) is supported by elevated Oil prices. The barrel of West Texas Intermediate (WTI) trades around $94.65 at the time of press, up 1.32% for the day, underpinned by ongoing concerns over global supply after weeks of disruption in the Strait of Hormuz. Canada, as the largest Oil exporter to the United States, sees its currency strengthened by this dynamic.

However, price movements remain sensitive to geopolitical developments. Hopes of a potential agreement could eventually weigh on Crude prices by easing supply risks, which in turn could limit support for the Canadian Dollar.

Investors now turn their attention to Wednesday’s monetary policy decisions. The Bank of Canada (BoC) is expected to keep rates unchanged, maintaining a cautious stance amid geopolitical uncertainty and persistent inflation pressures. A few hours later, the Federal Reserve (Fed) is also likely to hold rates steady, as markets broadly anticipate a prolonged period of policy stability.

Finally, this Fed meeting carries additional significance as it could be the last chaired by Jerome Powell as head of the central bank, amid uncertainty surrounding the Fed’s future stance. This situation may contribute to increased volatility in the US Dollar in the coming days.

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 Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.17% -0.20% -0.13% -0.47% -0.63% -0.66% -0.16%
EUR 0.17% -0.00% 0.04% -0.29% -0.42% -0.47% 0.02%
GBP 0.20% 0.00% 0.04% -0.30% -0.45% -0.48% 0.03%
JPY 0.13% -0.04% -0.04% -0.33% -0.50% -0.55% 0.00%
CAD 0.47% 0.29% 0.30% 0.33% -0.16% -0.22% 0.31%
AUD 0.63% 0.42% 0.45% 0.50% 0.16% -0.03% 0.45%
NZD 0.66% 0.47% 0.48% 0.55% 0.22% 0.03% 0.51%
CHF 0.16% -0.02% -0.03% -0.01% -0.31% -0.45% -0.51%

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).

100만 명이 넘는 사용자가 FXStreet를 통해 실시간 시장 데이터, 차트 도구, 전문가 인사이트, 포렉스 뉴스를 이용합니다. 포괄적인 경제 캘린더와 교육 웨비나는 트레이더가 정보를 유지하고 신중한 결정을 내리도록 돕습니다. FXStreet는 바르셀로나 본사와 전 세계 지역에 걸쳐 약 60명의 팀으로 구성되어 있습니다.
더 읽기

실시간 시세

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

FOREX에 대한 모든 것

탐색 더 많은 도구
트레이딩 아카데미
거래 전략, 시장 인사이트, 금융 기초를 다루는 다양한 교육 기사를 한 곳에서 탐색해보세요.
더 알아보기
코스
거래 여정의 모든 단계에서 성장을 지원하도록 설계된 체계적인 거래 코스를 탐색해보세요.
더 알아보기
웨비나
업계 전문가로부터 실시간 시장 인사이트와 거래 전략을 얻기 위해 라이브 및 온디맨드 웨비나에 참여하세요.
더 알아보기