USD/CAD news for September 18, 2026
The Canadian Dollar slid to a five-week low with USD/CAD trading near 1.4000 after the Federal Reserve's hawkish decision, which supported the U.S. Dollar alongside higher U.S. yields. The move matters for the pair because a wider U.S.-Canada rate gap and trade tensions have kept pressure on the Canadian currency, which also weakened against other major currencies in the week ending September 18.
How the day unfolded
The Federal Reserve raised interest rates again in a move described as hawkish, which supported gains for the U.S. dollar. The Canadian dollar, also called the Loonie, weakened to multi-week lows with USD/CAD trading near the 1.4000 level. Coverage also links pressure on the Canadian currency to the U.S.-Canada rate gap and trade tensions.
The Canadian dollar slid to a five- to six-week low after the Federal Reserve raised rates in a hawkish decision that supported the U.S. dollar. USD/CAD consolidated near the 1.4000 level as markets also focused on the U.S.-Canada rate gap and trade tensions.
The Canadian dollar fell to a five- to six-week low after the Federal Reserve raised interest rates again in a hawkish decision that supported the U.S. dollar. USD/CAD consolidated its gains and traded near the 1.4000 level following the hike. Headlines also cite the U.S.-Canada rate gap and trade tensions as factors keeping the loonie under pressure.
The Canadian dollar has fallen to a five- to six-week low after the Federal Reserve's hawkish rate hike, with USD/CAD trading near the 1.4000 level. Coverage also cites the US-Canada rate gap and trade tensions as factors around the loonie, with attention on technical levels following the Fed decision.
The Federal Reserve raised interest rates again after years of holds and cuts in what headlines describe as a hawkish decision and outlook. The move strengthened the U.S. dollar and sent the Canadian dollar, also called the Loonie, to a five- to six-week low near its August 7 low, with USD/CAD trading near 1.4000. Headlines also cite the U.S.-Canada rate gap and trade tensions as factors keeping the Canadian currency under pressure.
The Canadian dollar has slid to multi-week lows after the Federal Reserve's hawkish rate hike, which has supported the U.S. dollar alongside higher U.S. yields. USD/CAD has been consolidating near the 1.4000 level, with headlines also citing the U.S.-Canada rate gap and trade tensions as factors in the move.
The Canadian dollar fell to a five-week low as the Federal Reserve's hawkish rate decision lifted U.S. yields and supported the U.S. dollar, with USD/CAD trading near the 1.4000 level. Coverage has linked the pressure to the U.S.-Canada rate gap and trade tensions, including threats around trade with Mexico and Europe, while Scotiabank noted continued underperformance on wider spreads.
Headlines (12)
- After Years of Holds and Cuts, the Fed Just Raised Rates Againnews.bitcoin.com · Sep 16, 18:09 UTC
- Fed hike sends the Loonie to a six-week lowwww.fxstreet.com · Sep 16, 18:42 UTC
- Loonie weakens after Fed hike as dollar gains on hawkish outlookwww.investing.com · Sep 16, 18:49 UTC
- The technical levels in play for the EURUSD, USDJPY, GBPUSD and USDCAD following the Fed hikeinvestinglive.com · Sep 16, 19:06 UTC
- Canadian Dollar slides to five-week low after Fed’s hawkish decisionwww.fxstreet.com · Sep 17, 03:20 UTC
- Trump threatens to end trade with Mexico and Europe after rate hikewww.aljazeera.com · Sep 17, 05:22 UTC
- 1.4000 within reach: USD/CAD consolidates gains after Fed’s hawkish hikewww.fxstreet.com · Sep 17, 07:27 UTC
- Canadian Dollar: Underperformance persists on wider spreads – Scotiabankwww.fxstreet.com · Sep 17, 13:24 UTC
- Canadian Dollar remains under pressure as USD/CAD flirts with 1.4000www.fxstreet.com · Sep 17, 14:07 UTC
- Canadian Dollar bears retain control near August 7 low amid US-Canada rate gap/trade warwww.fxstreet.com · 01:46 UTC
- Canadian Dollar dips as Fed, US yields support the US Dollarwww.fxstreet.com · 14:43 UTC
- Canadian dollar weakens against major currencies in the week ending September 18www.investing.com · 16:35 UTC
Scheduled events
As of 23:31 UTC
- 2026-09-18 — Capacity Utilization Rate · forecast 76.4% · USD
- 2026-09-18 — Industrial Production m/m · forecast 0.3% · USD
- 2026-09-18 — FOMC Member Bowman Speaks · USD
- 2026-09-18 — CB Leading Index m/m · forecast 0.1% · USD
- 2026-09-18 — FOMC Member Schmid Speaks · USD
- 2026-09-21 — FOMC Member Goolsbee Speaks · USD
- 2026-09-21 — BOC Gov Macklem Speaks · CAD
- 2026-09-22 — ADP Weekly Employment Change · USD
Not investment advice. For informational purposes only.