USD/CAD bias flipped 3 times to bullish on October 7, 2026
The Canadian Dollar has fallen to near 18-month and April 2025 lows as oil prices declined and with strength in the US dollar noted ahead of the Fed Minutes. For USD/CAD, focus is on the upcoming Fed Minutes and Canada jobs data, while Scotiabank described trading as range-bound amid lingering political risks and Canada reported an August trade balance of $4.20 billion versus $1.55 billion expected.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 3 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
- 00:00Weak bullish
- 01:56Bullish
- 08:22Bearish
- 14:12Bullish
Headlines (12)
First seen on October 7
- Canadian Dollar loses ground ahead of FOMC MinutesFXStreet
- Euro falls against Canadian Dollar as surging oil prices overpower strong German dataFXStreet
- Canadian Dollar loses ground ahead of Fed MinutesFXStreet
Carried over from earlier days
- 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
- 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
- Canada August trade balance $4.20 billion vs $1.55 billion expectedInvestingLive
- Canadian Dollar: Range-bound against US Dollar as political risks linger – ScotiabankFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 7 | ||
| FOMC Member Williams Speaks | USD | |
| Crude Oil Inventories | 1.9M | USD |
| President Trump Speaks | USD | |
| 10-y Bond Auction | USD | |
| FOMC Meeting Minutes | USD | |
| Consumer Credit m/m | 14.5B | USD |
| Thursday, October 8 | ||
| FOMC Member Waller Speaks | USD | |
| Unemployment Claims | 200K | USD |