Canadian dollar hits four-week low as Fed bets lift greenback: Nov 11, 2026
The Canadian dollar touched four-week lows near 1.4230 as bets on Federal Reserve tightening supported the U.S. dollar. Pressure has also been linked to oil prices, with rising US-Iran deal expectations easing crude in what was described as a crude problem for the currency. Traders are now bracing for the US CPI release amid debate over the size of the Fed's next rate hike.
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The reading that day
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The day on the wire
00:0006:0012:0018:0024:00
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The reading through the day
- 00:00Neutral
Headlines (13)
First seen on November 11
- Canadian Dollar declines despite higher oil pricesFXStreet
- USD/CAD Price Forecast: Debate over size of Fed’s next rate hike backs further upsideFXStreet
- Loonie Buckles Under Pressure. Forecast as of 11.11.2026LiteFinance
- 1.4230: Canadian Dollar hits four-week lows as Fed tightening bets boost the GreenbackFXStreet
- USDCAD — H4 Technical AnalysisInvesting.com
Carried over from earlier days
- Canadian Dollar gains despite lower oil pricesFXStreet
- USDCAD trades back near unchanged as buyers returnInvestingLive
- Canadian Dollar loses ground even as the US Dollar Index fallsFXStreet
- Canadian Dollar declines as rising US-Iran deal bets ease oil pricesFXStreet
- Canadian Dollar flatlines as traders brace for US CPI releaseFXStreet
- Bank of Canada Minutes: Further Rate Hikes May Be Needed, Meeting-by-Meeting Approach Pledgedgelonghui.com
- The Canadian Dollar's crude problemFXStreet
- Pound, Swiss franc, Aussie, Norwegian krone, Brazilian real fall at least 0.7%wallstreetcn.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 11 | ||
| Bank Holiday | CAD | |
| Bank Holiday | USD | |
| Thursday, November 12 | ||
| Unemployment Claims | 194K | USD |
| Building Permits m/m | -4.0% | CAD |
| FOMC Member Hammack Speaks | USD | |
| FOMC Member Barr Speaks | USD | |
| Mortgage Delinquencies | USD | |
| Existing Home Sales | 3.89M | USD |