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cadusd.ca

The latest in Canadian / US dollar exchange forecasting, news and currency conversion

$1 USAUSD =

$0.7119 CanadaCAD

$1 Canada = $1.4047 USA

Outlook: Bullish ↗

Global inflation is being heavily influenced by a softer US CPI data print, pushing expectations toward dovish interest rate policies despite persistent risks from tariffs and geopolitical conflicts. Canadian domestic fundamentals show positive signs with robust manufacturing sales amid an expected easing of inflationary pressures. While both currencies face global headwinds, the combination of softening U.S. economic readings and ongoing risk factors suggests that relative USD weakness could provide a tailwind for the Canadian dollar.

Resources

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Policy Interest Rate
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Rate Cut/Hike Probabilities
Statistics Canada
CPI / Inflation Data
Norbert's Gambit
Low-cost Currency Conversion

Latest News

Senior BOJ official: Delay in adjusting rates could lead to economic downturn in future

Senior BOJ official: When upside inflation risk high as is the case now, delay in adjusting degree of stimulus could materialise such risk, lead to economic downturn in futureAppropriate monetary policy would achiev...

www.forexlive.com

US slaps a 25% tariff on some Brazil goods, exempts beef and coffee

New tariffs in effect from July 22/  This article was written by Eamonn Sheridan at investinglive.com.

www.forexlive.com

US slaps a 25% tariff on some Brazil goods, exempts beef and coffee

New tariffs in effect from July 22/  This article was written by Eamonn Sheridan at investinglive.com.

www.forexlive.com

BOK delivers unanimous 25bp hike to 2.75%, flags persistent inflation

The hike matches what was unanimously expected across the 10 institutional forecasts covered ahead of the decision, meaning market focus will center on the accompanying guidance rather than the move itself. The central...

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PBOC sets USD/ CNY reference rate for today at 6.7909 (vs. estimate at 6.7577)

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here.The previous close was 6.7697Injects 626bn yuan via 7-day reverse repos in open market operates today. Unchanged ra...

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Australian Consumer Inflation Expectations fall to 4.7% in July 2026 (prior 5.5%)

The Consumer Inflation Expectations survey is conducted by the Melbourne Institute, whose consumer inflationary expectations measures are designed to represent the average householder's expected rate of consumer pr...

www.forexlive.com

Bank of Korea raises interest rate by 25bp, as widely expected

Unanimously expected:https://investinglive.com/central-banks/unanimous-forecasts-point-to-bank-of-korea-rate-hike-today-as-won-weakness-bitesGovernor Shin Hyun Song will hold a press conference at 0210 GMT/2210 US East...

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PBOC is expected to set the USD/CNY reference rate at 6.7577 – Reuters estimate

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. C...

www.forexlive.com

Unanimous forecasts point to Bank of Korea rate hike today as won weakness bites

Unanimity across forecasters suggests the hike itself is fully priced, meaning the real market focus will be on the tone of the governor's guidance, particularly any signal on the pace and timing of further tighten...

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St. Louis Fed research floats new way to measure underlying inflation

The research does not change Fed policy directly, but it lands as new Fed Chair Kevin Warsh has flagged inflation measurement as a priority, having set up task forces on data and inflation frameworks. If adopted or dis...

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Iran's Qalibaf: We must always be ready to fight and stand to the end to safeguard our national security and interests

Iranian Parliamentary Speaker Qalibaf is on the newswires and says: We have never welcomed war, but we must always be ready to fight and stand to the end to safeguard our national security and interests. We must also ...

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Fed's Cook: It is prudent to wait a bit longer for inflation to slow, but is prepared to act

Fed reserve Gov. Lisa Cook is speaking and says:It is prudent to wait a bit longer for inflation to slow, but is prepared to act if it does not occur soon. Since last summer there has been a notable shift in risks t...

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BOC Press conference: Q2 is looking pretty solid The Economy is looking like it is in expansion

Q2 is looking pretty solid.Will be assessing how sustainable the pickup is.We do think it is sustainable.If oil prices do once again rise, and feed into inflation, he expects to need consecutive rate hikes to keep infl...

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Bank of Canada rate decision 2.25% vs 2.25% expected

Prior was 2.25%Highlights of the statement:Says Canada’s economy is showing signs of improvementGrowth is picking up and inflation is projected to ease gradually from its recent spike.Says Governing Council will con...

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The full statement from the Bank of Canada rate decision

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.Canada’s economy is showing signs of improvement. Growth is picking up and inflation ...

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The USDCAD is back to unchanged on the day after correcting higher from yesterday's decline

The USDCAD came under heavy selling pressure yesterday after U.S. CPI data came in much weaker than expected, triggering a decisive technical breakdown. The pair fell below the key support zone between 1.4125 and 1.414...

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Fed's Williams: It is imperative that we restore inflation to 2% goal on a sustained basis

With inflation running high, it is imperative that we restore it to 2% goal on a sustained basisCurrent stance of monetary policy is well positioned to do thatInflation is unquestionably too high at about 4%Encouraging...

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May Canada manufacturing sales +1.3% vs +1.1% expected

Prior was +4.2%sales rose in 14 of the 21 subsectorsTransportation equipment +4.1%Sales of motor vehicles increased 11.8% m/m vs -4.6% priorChemical +4.6%Electrical equipment, appliance and component subsect...

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investingLive European markets wrap: Oil prices hold higher, yields push up again after US CPI breather

Headlines:Cooler US inflation gives markets a bit of a breatherUSD/JPY shrugs off the surprisingly soft US CPI as Middle East crisis keeps inflation risks aliveECB policymaker Nagel says interest rates are at appropria...

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USD/JPY shrugs off the surprisingly soft US CPI as Middle East crisis keeps inflation risks alive

FUNDAMENTAL OVERVIEW USD:The US dollar weakened across the board yesterday following the surprisingly soft US core inflation figures. The data triggered a dovish repricing in interest rate expectations...

www.forexlive.com