USD/CAD tests six-week lows near 1.3968 on softer dollar: Oct 31, 2026
USD/CAD tested six-week lows around 1.3968 as a softer US dollar supported the Canadian dollar. The loonie held gains despite stalled domestic growth, with firm oil prices also noted as support, while US PCE inflation and GDP data backed expectations for hawkish Fed policy at times. Commentary around the Bank of Canada highlighting further tightening risk added to the backdrop for the Canadian currency.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the USD/CAD page.
Headlines (8)
Carried over from earlier days
- EUR/CAD Slides to 15-Month Low as BoC Reinforces Loonie Rally — Is 1.5000 Coming Into View?ActionForex
- Bank of Canada: Further tightening risk highlighted – RabobankFXStreet
- Canadian Dollar weakens as US PCE inflation and GDP back hawkish Fed betsFXStreet
- Every barrel Canada exports imports a rate hikeFXStreet
- Canadian Dollar: Break below 1.40 favors CAD against US Dollar - ScotiabankFXStreet
- Canadian Dollar stands firm near September 16 top vs weak USD amid bullish oil pricesFXStreet
- USD/CAD Price Forecast: Testing six-week lows at 1.3968 amid a softer US DollarFXStreet
- Canadian Dollar holds gains despite stalled domestic growthFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, November 1 | ||
| Daylight Saving Time Shift | CAD | |
| Daylight Saving Time Shift | USD | |
| FOMC Financial Stability Report | USD | |
| Monday, November 2 | ||
| Manufacturing PMI | CAD | |
| Final Manufacturing PMI | 56.0 | USD |
| ISM Manufacturing PMI | 54.7 | USD |
| Construction Spending m/m | 0.3% | USD |
| ISM Manufacturing Prices | 77.2 | USD |