Daily Canadian Dollar News & Analysis
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Daily Currency Performance Table
| Currency Pair | Opening Rate | Daily Change | Weekly Change | Monthly Change |
|---|---|---|---|---|
| USD / CAD | 1.3961 | 0.02% | 0.17% | 0.93% |
| EUR / CAD | 1.5642 | 0.17% | -0.23% | -0.48% |
| GBP / CAD | 1.8564 | -0.05% | 0.10% | 1.17% |
| CAD / JPY | 104.19 | -0.07% | -0.06% | 1.30% |
| CAD / CHF | 0.5990 | 0.03% | 0.49% | 1.22% |
| CAD / CNY | 5.16 | -0.01% | -0.55% | -2.10% |
| CAD / INR | 61.24 | 0.14% | 0.01% | -0.66% |
| AUD / CAD | 0.8960 | 0.22% | 0.28% | 1.45% |
| NZD / CAD | 0.8240 | 0.48% | 0.07% | -0.25% |
| CAD / MXN | 13.92 | -0.25% | -0.21% | -2.00% |
| Foreign Exchange News Today | |||||
|---|---|---|---|---|---|
| USD | US dollar gives up overnight gains, attention turns to housing data and Fed commentary amid renewed optimism over trade negotiations. | ||||
| CAD | Canadian dollar retraces yesterday's lost ground as weaker USD lends support, looks to end the week on a high despite lack of catalysts. | ||||
| EUR | Euro edges up on solid trade data but remains range-bound, fading demand limits further upside despite continued softness in the US dollar. | ||||
| GBP | Sterling eases off highs but remains firm as the BoE maintains a cautious tone, reinforcing expectations of a steady policy path. | ||||
| JPY | Yen maintains its ongoing strength as rising BoJ interest rate hike bets overshadow cooler-than-expected GDP figures. | ||||
| AUD | Australian dollar posts modest gains after stronger labour market data cools immediate RBA rate cut expectations. | ||||
| Key Economic News Today | |||
|---|---|---|---|
| USD | May 16, 2025 | Building Permits | |
| USD | May 16, 2025 | Housing Starts | |
| USD | May 16, 2025 | Import + Export Price Index | |
| USD | May 16, 2025 | Michigan Consumer Sentiment | |
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Understanding FX markets today
Exchange rates can fluctuate daily in response to major economic indicators—central bank decisions, inflation data, GDP releases, and unexpected geopolitical events. The FX markets are highly reactive, and even a single announcement can trigger rapid shifts in currency values. That’s why staying informed through daily FX news is essential.
The MTFX's FX daily page provides accurate market insights and live exchange rate data to help you track trends. Note that rates shown may change at any time due to market volatility. Get real-time, bank-beating exchange rates from MTFX to transfer money in 50+ currencies.
Understanding FX markets today
Exchange rates can fluctuate daily in response to major economic indicators—central bank decisions, inflation data, GDP releases, and unexpected geopolitical events. The FX markets are highly reactive, and even a single announcement can trigger rapid shifts in currency values. That’s why staying informed through daily FX news is essential.
The MTFX's FX daily page provides accurate market insights and live exchange rate data to help you track trends. Note that rates shown may change at any time due to market volatility. Get real-time, bank-beating exchange rates from MTFX to transfer money in 50+ currencies.
Why trust MTFX for currency insights?
With over 30 years of FX experience, MTFX is a trusted Canadian fintech known for regulatory compliance, secure transfers, and expert guidance. As a FINTRAC-registered provider, we deliver transparency and reliability in every transaction—backed by strong industry knowledge and cutting-edge technology.
Our daily FX calendar highlights key market-moving events, while MTFX live rates offer real-time exchange data to help you make informed decisions. From individuals sending money abroad to businesses managing international payments, clients across sectors trust MTFX for accurate insights and better-than-bank rates to stay ahead in today’s fast-moving currency markets.
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