Canadian Dollar MAY8 (6C2805) News

New York FX Market: Dollar Falls to Three-Month Low; Canadian Dollar Holds Steady After CPI Release

A recent string of weak U.S. economic data has prompted traders to scale back expectations for Federal Reserve rate hikes, sending the Bloomberg Dollar Spot Index to its lowest level since May. The Canadian dollar strengthened temporarily following the release of data showing Canada’s July inflation rate rose to 3%. The Bloomberg Dollar Spot Index fell 0.1%, having earlier dropped as much as 0.3% during London trading. The index briefly touched its lowest level since May 15 before paring some of its losses. The yield on the U.S. 10-year Treasury note rose 2 basis points to 4.71%; money markets are now pricing in only about 38 basis points of rate hikes for the remainder of this cycle. In August, New York

Global Market Briefing02:45

Here's Why the Canadian Dollar Is Rising Today – 08/17/2026

TipRanks02:25

Countdown to 50% Tariffs: The Real Risks Facing the Canadian Dollar May Be Misread by the Market

On Monday, August 17, the USD/CAD pair was trading near 1.386. Market attention is shifting from the previous repricing of U.S. interest rates to Canada’s July Consumer Price Index (CPI) and a new round of trade measures set to take effect on August 19. Canada’s June CPI rose 2.8% year-on-year, with July data scheduled for release tonight. The market consensus expects headline CPI to edge up slightly to 2.9%, but key core metrics are likely to remain around or even below 2%. The primary trading implication of this CPI release lies not in whether the headline year-on-year rate rises from 2.8% to 2.9%, but rather in the potential trajectory of both headline and core inflation continuing

FX678 FinanceAug 17 17:55

CICC: Will overseas liquidity face problems?

The rebound to this level is supported by the following factors: 1) High leverage and crowded positions have largely stabilized and been cleared out; 2) Our proprietary AI bubble stress index has improved; 3) Against this backdrop, liquidity has become the focal point likely to drive market dynamics.

CICC InsightsAug 17 17:49

Goldman Sachs: The Federal Reserve will not raise interest rates in September; market pricing remains hawkish.

U.S. data on consumption, employment, and inflation are collectively undermining the rationale for a Federal Reserve rate hike in September, while market pricing of the interest rate path remains skewed toward hawkish expectations, leaving room for adjustment. According to Zhuifeng Trading Desk, Jan Hatzius, Chief Economist at Goldman Sachs, noted in his global macro research released on August 16 that a rate hike at the September FOMC meeting has become "highly unlikely," unless there is a dramatic shift in the August data to be released in early September—a scenario that is not part of his base case. This assessment is based not on a single data point, but on the simultaneous turning point across three main themes: cooling consumption, a near-stagnant trend in employment, and improving inflation. For investors,

wallstreetcnAug 17 09:14

Express News | Sources: Canada-U.S. tariff negotiations reach impasse

BreakingsAug 15 16:14

Wall Street welcomes the 'intervention dividend': Every market rescue by the Japanese government presents an optimal short-selling window for yen bears.

Each intervention to support the yen inherently creates new opportunities for short-selling the currency.

Zhitong FinanceAug 14 20:00

UBS Sees US Dollar-Canadian Dollar Exchange Rate Having Room to Rise Toward 1.425

MT NewswiresAug 14 19:24

With U.S. inflation data declining consecutively and the probability of a Federal Reserve rate hike in September dropping to 38%, is an opportunity emerging for the Canadian dollar?

During early European trading on Friday (August 14), the USD/CAD pair continued to decline, trading below 1.3900 and hitting a two-month low. U.S. July PPI data came in broadly below expectations, causing the market-implied probability of a Federal Reserve rate hike in September to drop from 40% to 38% (according to CME FedWatch data). This placed pressure on the U.S. dollar, thereby providing support for the Canadian dollar. Meanwhile, persistent tensions in the Middle East and uncertainty surrounding the reopening of the Strait of Hormuz have kept oil prices elevated, offering additional boost to the currency of Canada, a major oil exporter. Strategists at National Bank of Canada believe that

FX678 FinanceAug 14 15:31

The unexpected flat reading of the US PPI has dampened rate-hike expectations, pushing the USD/CAD pair lower.

The USD/CAD pair fell for the second consecutive trading session during Asian hours on Friday, with the exchange rate retreating to around 1.3920. This decline was primarily driven by a weaker U.S. dollar and a market reassessment of Federal Reserve policy expectations. The latest U.S. inflation data came in significantly below prior market concerns, causing the greenback to lose some of its short-term interest rate advantage. However, the downtrend in USD/CAD was not smooth, as the Canadian dollar, a typical commodity currency, is highly sensitive to crude oil prices. A recent correction in international oil prices has limited further appreciation potential for the loonie. The U.S. July Producer Price Index (PPI) served as the main catalyst for the dollar's weakness. Data from the U.S. Bureau of Labor Statistics

FX678 FinanceAug 14 11:36

Express News | The U.S. Dollar Index fell on the 13th.

BreakingsAug 14 03:20

Divergence Among Fed Officials Emerges: Barkin Supports Holding Steady, Hammack Insists on Rate Hike

Richmond Fed President Thomas Barkin supports holding interest rates steady, arguing that inflation stems primarily from temporary shocks, but warns that AI investment and supply chain dynamics could exert persistent price pressures. Cleveland Fed President Loretta Mester, meanwhile, reaffirmed her stance in favor of rate hikes, cautioning against financial stability risks such as U.S. Treasury leverage and an AI bubble. With unemployment remaining low and economic data presenting a mixed picture, the Federal Reserve’s policy path for its September meeting is fraught with uncertainty.

wallstreetcnAug 13 21:30

Canadian Dollar Recovery Hinges on Broader Economic Strength, Not Oil Prices, Commerzbank Says

MT NewswiresAug 13 19:33

Express News | The U.S. Dollar Index rose on the 12th.

BreakingsAug 13 04:23

U.S. core inflation in July matched its lowest level in over five years, temporarily easing the Federal Reserve's rate-hike alarm. However, are oil price volatility and wage declines brewing the next storm?

Notably, wage data released during the same period indicates that workers' real purchasing power continues to decline. Coupled with recurring geopolitical tensions in the Middle East driving up energy prices, the outlook for U.S. inflation remains highly uncertain.

Zhitong FinanceAug 12 22:07

Fully in line with expectations! The year-on-year increase in the U.S. CPI for July narrowed to 3.4%, while core CPI slowed to 2.5% year-on-year.

Traders maintain their bet on a 45% probability of a Federal Reserve rate hike in September.

wallstreetcnAug 12 20:56

Rising oil prices supported the Canadian dollar, but the U.S. dollar awaited inflation guidance, halting the decline in USD/CAD.

The U.S. dollar rose slightly against the Canadian dollar (USD/CAD) during Wednesday’s Asian trading session, ending a three-day losing streak as the pair rebounded from a low near 1.3915 and currently trades around 1.3930. However, upside momentum remains limited, as investors await the latest U.S. inflation data for clues on the Federal Reserve’s future monetary policy direction. Recent USD/CAD movements have been influenced by multiple factors: on one hand, the Canadian dollar, as a commodity-linked currency, has been supported by rising international oil prices; on the other hand, shifts in U.S. inflation, Federal Reserve policy expectations, and the U.S. dollar’s safe-haven appeal have constrained further downside potential for the pair.

FX678 FinanceAug 12 14:08

A 50-50 bet on a rate hike: Tonight at 20:30, CPI data may determine whether the Fed 'pulls the trigger' in September or continues to hold off

Traders are currently pricing in a roughly 50% probability of a rate hike in September. This means tonight’s CPI data could directly tip the balance. If the data aligns with expectations, the Federal Reserve may remain on hold; if it exceeds expectations, it could open the door to a series of consecutive rate hikes.

Golden10 DataAug 12 09:15

Express News | The U.S. Dollar Index rose on the 11th.

BreakingsAug 12 03:29

Softer U.S. Data Would Likely Boost Swedish Krona, Canadian Dollar -- Market Talk

WSJAug 11 22:44