USD/CAD bias flipped 4 times to bullish on September 30, 2026
The Canadian dollar has slipped to its lowest level since early July, trading near 1.42 versus the U.S. dollar, with falling oil prices and a flat GDP reading weighing on the currency. Attention has also centered on Federal Reserve policy expectations as officials differ on hike timing, while Scotiabank puts fair value for the pair at 1.4068.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 4 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Bullish
- 07:14Bearish
- 07:44Bullish
- 09:34Weak bearish
- 17:44Bullish
Headlines (12)
First seen on September 30
- Canadian Dollar remains subdued near two-month lows as falling oil prices weighFXStreet
- USD/CAD Price Forecast: Declines below 1.4200, while staying technically bullish above 100-day SMAFXStreet
- Euro holds gains against Canadian Dollar despite weak German Retail Sales dataFXStreet
- Loonie's rate relief comes after the Fed stops hikingFXStreet
Carried over from earlier days
- Canadian Dollar falls as US-Canada rate gap seen widening furtherFXStreet
- Euro gains against Canadian Dollar as ECB-BoC rate gap widensFXStreet
- Loonie weakens as wider yield gap and softer oil weigh on loonieInvesting.com
- Canadian Dollar slumps to its lowest level since July 9, eyes 1.4200 vs bullish USDFXStreet
- USDCAD: Fair value estimate stands at 1.4068 – ScotiabankFXStreet
- Canadian Dollar remains under pressure after flat GDP readingFXStreet
- USDCAD Technicals: The buyers continue to trend the USDCAD higher and higherInvestingLive
- The Canadian Dollar round-trips as Fed officials differ on hike timingFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, September 30 | ||
| Bank Holiday | CAD | |
| ADP Non-Farm Employment Change | 73K | USD |
| Personal Spending m/m | 0.8% | USD |
| Personal Income m/m | 0.5% | USD |
| Goods Trade Balance | -116.3B | USD |
| Prelim Wholesale Inventories m/m | 0.5% | USD |
| Final GDP q/q | 1.5% | USD |
| Core PCE Price Index m/m | 0.3% | USD |