Loonie hits four-week lows near 1.4230 on Fed tightening bets: Nov 12, 2026
The Canadian dollar touched four-week lows near 1.4230 as bets on further Federal Reserve tightening kept the U.S. dollar stable. The decline came even as oil prices were higher, highlighting crude-related pressure, while traders also focused on the upcoming U.S. CPI release and debate over the size of the Fed's next rate hike.
Updated
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Headlines (9)
First seen on November 12
Carried over from earlier days
- Canadian Dollar declines as rising US-Iran deal bets ease oil pricesFXStreet
- Canadian Dollar flatlines as traders brace for US CPI releaseFXStreet
- The Canadian Dollar's crude problemFXStreet
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, November 12 | ||
| Unemployment Claims | 194K | USD |
| Building Permits m/m | -4.0% | CAD |
| FOMC Member Hammack Speaks | USD | |
| FOMC Member Barr Speaks | USD | |
| Existing Home Sales | 3.89M | USD |
| Mortgage Delinquencies | USD | |
| FOMC Member Goolsbee Speaks | USD | |
| Crude Oil Inventories | -0.6M | USD |