USD/CAD bias flipped 5 times to bearish on October 5, 2026
The Canadian dollar has been trading near its lows from April 2025, with attention on the U.S. dollar following a weak jobs report and focus on services PMI data. Weakness in oil and reduced speculative exposure to oil have been described as keeping pressure on the loonie, which matters for USDCAD because Canada's currency often moves with energy prices and U.S. dollar dynamics.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 5 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
- 00:00Neutral
- 02:05Bullish
- 05:32Neutral
- 12:37Bearish
- 14:52Bullish
- 15:32Bearish
Headlines (8)
First seen on October 5
- Canadian Dollar languishes near April 2025 lows as USD bulls look past weak NFP reportFXStreet
- Oil War Premium Explained: What It All Means for the Looniebabypips.com
- Euro loses against Canadian Dollar as ECB’s Lane warns economic growth concernsFXStreet
- Canadian Dollar bounces up as US Dollar loses steam with services PMIs in focusFXStreet
- Loonie slips as early gains fade, oil weakness keeps pressure on Canadian dollarInvesting.com
- Canadian Dollar attracts fresh buying after touching multi-month lowFXStreet
- USDCAD stretched to targeted level and found willing sellers. Is this the start of a decline?InvestingLive
Carried over from earlier days
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 5 | ||
| Final Services PMI | 58.7 | USD |
| ISM Services PMI | 55.1 | USD |
| Tuesday, October 6 | ||
| ADP Weekly Employment Change | USD | |
| Trade Balance | 1.5B | CAD |
| Trade Balance | -100.8B | USD |
| Ivey PMI | 65.2 | CAD |
| RCM/TIPP Economic Optimism | 44.5 | USD |
| FOMC Member Bowman Speaks | USD | |