USD/CAD bias flipped 7 times to bearish on October 8, 2026
The Canadian dollar has traded near 18-month and April 2025 lows around the 1.42s against the US dollar, with risk aversion supporting the US dollar alongside focus on Fed Minutes and hawkish Fed messaging. Higher oil prices and a narrower yield gap have at times supported the loonie, including against the euro amid French debt concerns, though at other times the Canadian dollar weakened despite higher oil.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 7 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
- 02:34Neutral
- 06:16Bullish
- 09:26Neutral
- 09:46Weak bearish
- 12:11Bullish
- 14:27Neutral
- 18:47Bearish
Headlines (15)
First seen on October 8
- Canadian Dollar hangs near April 2025 lows as USD sticks to bullish tone amid hawkish FedFXStreet
- Canadian Dollar weakens despite higher oil pricesFXStreet
- Euro falls against Canadian Dollar amid French debt fears, oil rallyFXStreet
- Canadian Dollar nears 18-month lows as risk aversion buoys the US DollarFXStreet
- Canadian Dollar: Consolidation near 1.42s against US Dollar – ScotiabankFXStreet
- Canadian dollar gains as oil rally, narrower yield gap support loonieInvesting.com
Carried over from earlier days
- 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: Trade surplus supports cautious outlook – RBCFXStreet
- Canadian Dollar: Range-bound against US Dollar as political risks linger – ScotiabankFXStreet
- Euro falls against Canadian Dollar as surging oil prices overpower strong German dataFXStreet
- Canadian Dollar loses ground ahead of Fed MinutesFXStreet
- Canadian Dollar: Political risks weigh against US Dollar – ScotiabankFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 8 | ||
| FOMC Member Waller Speaks | USD | |
| Unemployment Claims | 200K | USD |
| Final Wholesale Inventories m/m | 0.7% | USD |
| Natural Gas Storage | 79B | USD |
| 30-y Bond Auction | USD | |
| FOMC Member Musalem Speaks | USD | |
| Friday, October 9 | ||
| Employment Change | 6.1K | CAD |
| Unemployment Rate | 6.5% | CAD |