USD/CAD bias flipped 12 times to weak bullish on October 6, 2026
The Canadian dollar has slipped to near April 2025 and 18-month lows against the US dollar amid falling oil prices and continued strength in the US dollar, which held firm despite a weak US jobs report. The loonie briefly recovered when the US dollar lost momentum with services PMIs in focus, with upcoming Fed minutes and Canada jobs data in view, while political risks have also left the pairing range-bound at times.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed 12 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
- 00:00Bearish
- 01:17Weak bullish
- 03:57Weak bearish
- 06:27Neutral
- 09:17Bullish
- 12:37Bearish
- 13:28Weak bullish
- 14:13Bullish
- 14:43Neutral
- 14:58Bearish
- 15:28Weak bullish
- 16:03Weak bearish
- 21:06Weak bullish
Headlines (12)
First seen on October 6
- Canadian Dollar seems vulnerable near April 2025 lows amid weak oil prices, bullish USDFXStreet
- USD/CAD Rally Reaches 61.8% Test as Fed Minutes and Canada Jobs LoomActionForex
- Canadian Dollar softens as oil prices fallFXStreet
- Canadian Dollar falls to near 18-month lows as oil prices declineFXStreet
- Canadian Dollar: Range-bound against US Dollar as political risks linger – ScotiabankFXStreet
Carried over from earlier days
- CFTC Report: Speculators turn more defensive as Oil exposure fallsFXStreet
- Canadian Dollar languishes near April 2025 lows as USD bulls look past weak NFP reportFXStreet
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, October 6 | ||
| ADP Weekly Employment Change | USD | |
| Trade Balance | -100.8B | USD |
| Trade Balance | 1.5B | CAD |
| Ivey PMI | 65.2 | CAD |
| RCM/TIPP Economic Optimism | 44.5 | USD |
| FOMC Member Bowman Speaks | USD | |
| FOMC Member Schmid Speaks | USD | |
| API Weekly Statistical Bulletin | USD | |