Currency Updates

Daily FX Insights - Global Foreign Exchange

Understand global currency dynamics by tracking key players, like the euro, pound, and the Canadian dollar today, as they respond to economic shifts, market sentiment, and international trade flows.

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October 12, 2025

Canadian Dollar News - Loonie lingers near monthly lows on firm USD

The US dollar rate today is holding near recent highs, with the rally pausing as traders await consumer sentiment data for fresh signals, while uncertainty grows over the October 15 CPI release amid the ongoing US government shutdown. Meanwhile, the Canadian dollar rate today has steadied but continues to hover near monthly lows as renewed USD demand keeps the loonie under pressure. Market focus is shifting toward upcoming Canadian jobs data, where expectations of rising unemployment could shape the near-term outlook. With both currencies awaiting key catalysts, USD/CAD is likely to remain range-bound in the short term.

Today's Global Currency Highlights

A quick view of the Canadian dollar performance against the USD and other major currencies.

USD: US dollar rally pauses but holds near recent highs as markets await consumer sentiment data, October 15 CPI release in doubt as shutdown continues.
CAD: Canadian dollar steadies but remains near monthly lows as renewed USD demand weighs, upcoming jobs data eyed amid expectations of a rise in unemployment.
EUR: Euro posts modest gains after four straight days of losses as French political turmoil eases, cautious ECB remarks on easing offer additional support.
GBP: Sterling stays trapped in a bearish grip after BoE’s Mann reinforces expectations of a prolonged restrictive policy stance, stronger USD mounts pressure.
JPY: Yen recovers part of its weekly losses after verbal intervention from Japanese authorities, but political uncertainty keeps JPY vulnerable.
AUD: Australian dollar gives back early gains despite RBA Governor Bullock’s caution over upside inflation risks, persistent USD strength continues to weigh.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX update, all eyes are on the Canadian labour market and US sentiment data for directional cues. Canada’s Employment Change and Unemployment Rate figures will be key drivers for the Canadian dollar today, with stronger jobs data likely to provide support, while signs of rising unemployment could add pressure. On the US side, the Michigan Consumer Sentiment release will help shape expectations around growth and inflation, potentially influencing the US dollar rate today. Together, these releases are expected to bring greater volatility to USD/CAD as traders react to fresh economic signals from both economies.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news reflects a cautious tone, with the Canadian dollar rate today trading defensively ahead of key labour market data. Traders are closely watching Canada’s Employment Change and Unemployment Rate figures for signals on economic momentum, as expectations of rising joblessness weigh on sentiment. At the same time, the US Michigan Consumer Sentiment report is set to influence broader market tone and USD direction. Until clearer signals emerge from these releases, the loonie’s outlook remains subdued and vulnerable to further downside pressure.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of October 12, 2025, the USD/CAD pair trades at 1.399, representing a -0.18% move in the last 24 hours.

USD/CAD highlights

USD rally pauses but remains elevated: US dollar holds near recent highs ahead of consumer sentiment data, while uncertainty grows over the October 15 CPI release due to the ongoing shutdown.
Canadian dollar pinned near monthly lows: Loonie stabilizes in early trade but remains pressured by renewed USD demand, attention turns to upcoming jobs data amid expectations of higher unemployment.
Key data eyed for direction: US sentiment and Canadian labour market releases are set to guide near-term USD/CAD moves.

Range-bound trade persists ahead of catalysts:

Economic news impacting USD/CAD today

Canada Employment Change
Canada Unemployment Rate
US Michigan Consumer Sentiment

Daily trading range

Near-term bias for USD/CAD remains mildly bullish, with the pair expected to trade in a 1.3950–1.4050 range.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of October 12, 2025, the EUR/CAD pair trades at 1.62524, representing a 0.29% move in the last 24 hours.

EUR/CAD highlights

Euro edges higher after four-day losing streak: The single currency posts modest gains as political tensions in France begin to ease, offering some relief to investors.
Stabilizing French outlook underpins euro sentiment: Reduced turmoil in French politics provides a modest lift, though lingering caution keeps gains contained.
ECB’s cautious tone on easing adds support: Remarks from ECB officials downplaying aggressive policy easing offer the euro additional, though measured, backing.

Economic news impacting EUR/CAD today

ZEW Economic Sentiment (Next Week)

Daily trading range

Near-term bias for EUR/CAD is slightly firmer, with the pair expected to trade in a 1.6160–1.6270 range.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of October 12, 2025, the GBP/CAD pair trades at 1.86854, representing a 0.21% move in the last 24 hours.

GBP/CAD highlights

Sterling slides as BoE signals policy persistence: The pound stays on the defensive after BoE’s Mann reinforced expectations of a prolonged restrictive policy stance, keeping investors cautious.
Stronger USD compounds sterling weakness: Renewed greenback strength adds further downward pressure on the pound, limiting any recovery attempts.
Policy divergence keeps sterling in a bearish grip: With the Fed’s firm outlook contrasting with the BoE’s cautious stance, sterling remains vulnerable to further losses.

Economic news impacting GBP/CAD today

BRC Retail Sales Monitor (Monday)

Daily trading range

Near-term bias for GBP/CAD remains bearish, with the pair expected to trade in a 1.8540–1.8670 range.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of October 12, 2025, the CAD/JPY pair trades at 108.436, representing a -0.68% move in the last 24 hours.

CAD/JPY highlights

Yen rebounds on verbal intervention by authorities: The currency recovers part of its weekly losses as Japanese officials step in verbally to stabilize markets.
Political uncertainty limits yen’s upside: Lingering domestic political concerns continue to weigh on sentiment, keeping gains in check.
JPY remains vulnerable despite partial recovery: While intervention provides short-term support, broader uncertainties leave the yen exposed to renewed pressure.

Economic news impacting CAD/JPY today