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Daily brief - USD stays near multi-month lows despite gains against CAD
The US dollar remains broadly weak across major currencies as concerns over US debt and Treasury intervention in long-term bond markets continue to undermine confidence in the greenback. The dollar is nevertheless gaining against the Canadian dollar after the collapse of US-Canada trade talks triggered renewed tariff tensions, while falling oil prices are removing an important source of support for CAD. Markets are also looking ahead to this week’s Jackson Hole policy discussions for clearer direction on the Fed outlook.
USD/CAD
Current Rate:
1.3856
Last updated:Aug 24, 2026, 02:11 p.m. ET
Trading range
1.37831.3860
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Today's currency headlines
- USD: US dollar remains pinned near multi-month lows as Treasury bond buyback plans and mounting US debt concerns continue to undermine confidence.
- CAD: Canadian dollar retreats from recent highs after US-Canada trade talks collapse and reciprocal tariffs weigh on sentiment, while falling oil adds pressure.
- EUR: Euro trades modestly softer but remains near last week’s three-month high, with broader US dollar weakness continuing to provide underlying support.
- GBP: Sterling eases slightly but remains near six-month highs, with limited UK data leaving US policy developments and domestic fiscal concerns in focus.
- JPY: Yen edges lower as US bond-market developments remain the dominant driver, with markets awaiting fresh policy signals from the Bank of Japan this week.
- AUD: Australian dollar holds close to three-month highs as broad greenback weakness supports demand, with Tuesday’s RBA meeting minutes the next key catalyst.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Aug 24, 2026, 02:11 p.m. ET
The Canadian dollar is essentially unchanged against none, gaining against the none while losing ground against the US dollar, euro, British pound, Japanese yen, Mexican peso, Indian rupee, New Zealand dollar, Swiss franc and Australian dollar. CAD’s strongest move among the displayed crosses is against the New Zealand dollar, while its largest decline is against the Chinese yuan.
USD / CAD
Current Rate
1.3856
Daily Change
0.68%
EUR / CAD
Current Rate
1.6153
Daily Change
0.50%
GBP / CAD
Current Rate
1.8880
Daily Change
0.55%
CAD / JPY
Current Rate
114.89
Daily Change
-0.46%
CAD / CNY
Current Rate
4.8347
Daily Change
-1.04%
CAD / MXN
Current Rate
12.24
Daily Change
-1.04%
CAD / INR
Current Rate
69.09
Daily Change
-0.61%
NZD / CAD
Current Rate
0.8250
Daily Change
0.25%
CAD / CHF
Current Rate
0.5793
Daily Change
-0.42%
AUD / CAD
Current Rate
0.9898
Daily Change
0.36%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Aug 24, 2026, 02:11 p.m. ET
USD/CAD Historical Exchange Rates
Daily change
+0.68%Weekly change
−0.28%Monthly change
−1.67%3 months change
+0.30%6 months change
+1.16%Yearly change
+0.20%We use mid-market rates. This is for informational purposes only.
As of August 24, 2026, USD/CAD is trading at 1.3856, representing a 0.68% shift in the last 24 hours. The pair is likely to trade within the 1.3783-1.3860 range.
USD/CAD is moving higher as Canada-specific trade concerns outweigh the broader weakness affecting the US dollar. The US dollar rate today remains vulnerable across several major currencies, but the breakdown in US-Canada negotiations and softer oil prices are weighing more heavily on CAD, weakening the CAD to USD backdrop and giving USD/CAD room to recover.
- US-Canada trade tensions pressure CAD: The collapse of negotiations and introduction of reciprocal tariffs have sharply increased uncertainty around Canada’s economic outlook.
- Falling oil removes a CAD tailwind: Crude prices are retreating, reducing support for the commodity-sensitive Canadian dollar.
- US debt concerns limit dollar strength: Treasury bond-buyback plans and elevated long-term yields continue to raise questions about US fiscal conditions and restrict a broader USD recovery.
- Jackson Hole becomes the next major USD catalyst: Markets are looking toward this week’s Federal Reserve policy discussions for fresh guidance on inflation, rates and the direction of the US dollar.
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Upcoming USD/CAD economic events
Economic calendar as of Aug 24, 2026, 02:11 p.m. ET
Today’s economic calendar is relatively quiet, with no major market-moving US or Canadian data releases scheduled. Attention is instead likely to remain on US–Canada trade relations after bilateral negotiations deteriorated and new tariff measures increased uncertainty around the cross-border outlook. The week’s main economic driver arrives on Wednesday, August 26, with the US Core PCE Price Index, the Federal Reserve’s preferred inflation gauge, likely to shape rate expectations and drive USD/CAD volatility.
EventImpact
Building Permits (Jul, Final)
Medium
ADP Employment Change Weekly
Medium
Wholesale Sales MoM (Jul, Prel)
Medium
CB Consumer Confidence (Aug)
High
New Home Sales (Jul)
Medium
Core PCE Price Index MoM (Jul)
High
GDP QoQ (Q2, Second Estimate)
High
Economic calendar times are shown in ET. Event schedules and impact levels may change.
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Canadian dollar today against EUR, GBP & JPY
As of August 24, 2026
EUR/CAD news and daily outlook
The euro is holding relatively steady against the Canadian dollar as renewed US-Canada trade tensions weaken CAD, while EUR remains supported above recent lows. With little major data today, trade headlines and broader risk sentiment are likely to drive EUR/CAD direction.
Current rate
1.6153 0.50%
Low1.6070
High1.6160
Trading Range1.6070-1.6160
GBP/CAD news and daily outlook
The pound is trading broadly steady against CAD as Canadian dollar weakness offsets lingering concerns around the UK outlook. With no major UK releases today, GBP/CAD is likely to remain driven mainly by Canada-US trade developments and wider market sentiment.
Current rate
1.8880 0.55%
Low1.8767
High1.8904
Trading Range1.8767-1.8904
CAD/JPY news and daily outlook
The yen continues to lose ground against the Canadian dollar as the impact of earlier intervention fades and persistent rate differentials weigh on JPY. Firm oil prices and broad CAD strength are making a sustained yen recovery more difficult.
Current rate
114.89 -0.46%
Low114.66
High115.27
Trading Range114.66-115.27
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FAQs
As of August 24, 2026, USD/CAD is trading at 1.3856, meaning one US Dollar buys approximately 1.3856 CAD.
The USD to CAD exchange rate is 1.3856. The pair opened at 1.3807 and has moved 0.68% today.
USD/CAD is up by 0.68% today, with short-term market sentiment currently bullish. A falling USD/CAD rate indicates a stronger Canadian dollar, while a rising rate indicates a weaker Canadian dollar.
The USD/CAD typically responds to Fed and BoC interest-rate expectations, oil prices and economic data. Today, the pair is up by 0.68%, with a bullish short-term bias.
Because the bank or any FX provider you are using applies a margin on the mid-market exchange rate that you see on Google.
USD/CAD has moved -1.67% over the past month and +0.98% year-to-date. It is currently trading below its 50-day moving average of 1.4000. Whether it is a suitable time to convert depends on which currency you hold, your payment deadline and your tolerance for further movement.
Compare the total CAD received after the exchange rate spread and transfer fees. Rate alerts, limit orders, staged transfers and specialist FX providers may also help you manage the timing and overall cost of the conversion.
Open or sign in to your account, request a USD-to-CAD quote, add the recipient’s Canadian banking details and fund the transfer in US dollars. The funds are converted into Canadian dollars before being deposited into the recipient’s account.
