Current Rate
1.4041
Trading Range
1.4037 - 1.4046
Low
1.4037
High
1.4046
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Today's currency headlines
- USD: US dollar trades cautiously as Fed uncertainty and renewed geopolitical escalation sustain volatility.
- CAD: Loonie holds relatively firm as rebounding oil offsets caution ahead of the BoC deliberations.
- EUR: Euro rebounds from overnight lows but struggles to build momentum before the Fed decision.
- GBP: Sterling trades directionlessly as markets await the Fed and Thursday’s BoE announcement.
- JPY: Yen remains near multi-decade lows as wide rate differentials outweigh defensive demand.
- AUD: Aussie tumbles to recent lows as escalating Middle East tensions weaken risk appetite.
Where is USD/CAD trading today?
Daily Range:
USD/CAD has traded between a low of 1.4037 and a high of 1.4046 today.
Recent Trend:
The Canadian dollar remains relatively firm against the US dollar, keeping the USD/CAD range-bound as rebounding oil offsets cautious demand for USD ahead of today’s Fed verdict.
Short-Term Outlook:
The Canadian dollar could strengthen if the BoC deliberations sound less dovish or the Fed delivers less hawkish guidance. More-hawkish Fed commentary or further geopolitical escalation could push USD/CAD higher.
USD/CAD daily trading range
Today, July 29, 2026, USD/CAD is trading between 1.4037 and 1.4046. The current rate of 1.4041 is 0.0004 above the day’s low and 0.0005 below the day’s high. It is currently positioned 44% of the way through today’s range, with a midpoint of 1.4042.
Current Rate
Change Today
-0.03%Today's USD/CAD headlines: Pair stays range-bound ahead of Fed decision
USD/CAD remains confined to its weekly range as markets avoid taking large positions before today’s Federal Reserve interest-rate decision and FOMC press conference. The US dollar rate today is trading cautiously, with renewed US-Iran escalation and the possibility of a Fed rate increase sustaining volatility. Meanwhile, the Canadian dollar rate today remains relatively firm as rebounding crude prices restore some of the loonie’s energy-linked support. Markets will also assess the Bank of Canada’s Summary of Deliberations for clues about inflation, growth and the future policy outlook. Together, the Fed announcement, BoC communication and geopolitical headlines could determine whether the pair breaks out of its current range.
USD/CAD daily performance
As of July 29, 2026, USD/CAD is trading at 1.4041, representing a -0.03% shift in the last 24 hours. The pair has traded within the 1.4037-1.4046 range.
CURRENT RATE
1.4041
DAILY CHANGE %
-0.03%
DAY'S LOW
1.4037
DAY'S HIGH
1.4046
USD/CAD Daily, Weekly, Monthly and Year-to-Date Performance
We use mid-market rates. This is for informational purposes only.
Upcoming USD/CAD economic events
In the upcoming FX calendar events, markets will focus on the Federal Reserve’s interest rate decision, the subsequent FOMC press conference and the Bank of Canada’s Summary of Deliberations. The Fed’s policy decision and guidance on inflation, growth and future rate moves are likely to be the main drivers of USD/CAD volatility, while the BoC summary may provide fresh insight into Canada’s domestic outlook. Attention will then shift to Thursday’s US core PCE inflation and initial jobless claims for further direction.
BoC Summary of Deliberations
Jul 29, 13:30
Fed Interest Rate Decision
Jul 29, 14:00
FOMC Press Conference
Jul 29, 14:30
Core PCE Price Index MoM (Jun)
Jul 30, 08:30
Initial Jobless Claims
Jul 30, 08:30
Global FX rates against the Canadian dollar
| Currency | Rates | High | Low | Daily |
|---|---|---|---|---|
USD | 1.4041 | 1.4046 | 1.4037 | -0.03% |
 EUR | 1.6100 | 1.6111 | 1.6088 | 0.26% |
 GBP | 1.8767 | 1.8790 | 1.8745 | 0.13% |
 JPY | 116.37 | 116.47 | 116.31 | 0.20% |
 CNY | 4.8183 | 4.8309 | 4.8182 | 0.31% |
 MXN | 12.42 | 12.51 | 12.42 | -0.16% |
 INR | 68.10 | 68.35 | 68.10 | -0.09% |
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FAQs
As of July 29, 2026, the USD/CAD exchange rate is 1.4041, meaning one US Dollar buys approximately 1.4041 CAD. The pair opened at 1.4046, compared with its previous close of 1.4046, and has moved -0.03% today.
As of July 29, 2026, USD/CAD is down on the day, with a move of -0.03%, or -0.0005, from its previous close of 1.4046.
Today, USD/CAD has traded between 1.4037 and 1.4046. The current rate of 1.4041 is 0.0004 above the day’s low and 0.0005 below the day’s high. It is currently positioned 44% of the way through today’s range, with a midpoint of 1.4042.
As of July 29, 2026, the short-term USD/CAD outlook is bearish. The pair is trading at 1.4041, compared with its 50-day moving average of 1.4100 and its 200-day moving average of 1.3800. The current price is Below the 50-day average and Above the 200-day average.
This outlook reflects current market momentum and does not guarantee the pair’s next move.
The USD/CAD typically moves in response to Fed and BoC interest rate expectations, oil prices, and economic data. The move has taken the pair down by -0.03% to approximately 1.4041, compared with an opening rate of 1.4046. It remains within today’s 1.4037-1.4046, with the current price sitting 44% of the way from the daily low to the daily high.
As of July 29, 2026, USD/CAD has changed -0.03% over one day, -0.30% over five days and -1.18% over one month. Over longer periods, the pair has moved +2.61% over three months, +2.33% year to date and +1.97% over the past year.
These comparisons help show whether today’s move is part of a broader trend or a relatively short-term fluctuation.
As of July 29, 2026, USD/CAD is trading at 1.4041, within a yearly range of 1.3481 to 1.4248. The pair has changed +2.33% year to date and +1.97% over the past 12 months.
Comparing the current rate with its yearly high and low can provide useful context, but it does not indicate whether the rate will continue moving in the same direction.
A higher USD/CAD rate means one US Dollar buys more Canadian Dollars. This generally benefits someone converting USD to CAD but makes US dollars more expensive for someone converting CAD to USD.
A lower USD/CAD rate means the Canadian dollar has strengthened relative to the US dollar. At the current rate of 1.4041, one US dollar buys approximately 1.4041 Canadian dollars.
As of July 29, 2026, USD/CAD is trading at 1.4041, after moving -1.18% over the past month and +2.33% year to date. The current rate is Below its 50-day moving average of 1.4100 and Above its 200-day moving average of 1.3800.
Whether this is a favourable time to exchange depends on which currency you hold, your payment deadline and your tolerance for further market movement. Those with flexible timing may consider setting a rate alert, while those with a fixed future payment may explore whether a forward contract is suitable.
The market rate is a reference rate used in global currency markets. The exchange rate available for a transfer may differ because providers typically include a margin, service fee or both. Before converting, review the total amount the recipient will receive rather than comparing the headline exchange rate alone.
The final amount depends on the exchange rate offered, the transfer amount, any transaction fees and possible receiving-bank charges. The timing of the conversion can also affect the result because USD/CAD rates can change throughout the day.
Compare the total cost across providers, including the exchange-rate margin and any transfer fees. You can also use rate alerts to monitor a target rate, convert in stages to reduce timing risk or discuss a forward contract for an eligible future payment.
A forward contract may allow you to secure an exchange rate for a payment that will be made at a later date. This can make the cost of an upcoming property purchase, supplier invoice, tuition payment or other large transaction more predictable. Availability and contract terms depend on the provider and the purpose of the transfer.
Converting the full amount at once provides certainty about the total cost, but it also means your entire transaction uses one exchange rate. Splitting the amount across several transfers can reduce the risk of converting everything at an unfavourable time, although the rate may also move against you between payments.
