The Canadian dollar rate today is holding firm, with the loonie inching higher as the greenback fades at the start of the week. The US dollar rate today remains under pressure after Friday’s softer-than-expected CPI print, with markets now looking ahead to key durable goods and housing data. For the moment, USD/CAD appears to be finding a tentative floor, but the absence of heavyweight Canadian releases leaves oil-price swings and U.S. macro surprises in charge of the near-term direction.
A quick view of the Canadian dollar performance against the USD and other major currencies.
| Pair | Rates | Daily | Ranges | ||
|---|---|---|---|---|---|
In today’s daily FX spotlight, attention turns to the US economic calendar featuring durable goods orders and new home sales, two key indicators of business investment and consumer confidence. The US dollar rate today could gain traction if the data points to sustained economic strength, reinforcing the view that the Federal Reserve may keep policy restrictive for longer. Meanwhile, the Canadian dollar today remains steady, taking cues from broader market sentiment and oil price fluctuations, with traders watching how US data outcomes might shape near-term direction for USD/CAD.
| date | event | actual | consensus | previous |
|---|
The latest Canadian dollar news suggests a steady but cautious tone, with the Canadian dollar rate today holding near recent levels as traders await direction from US data releases. With durable goods orders and new home sales on the calendar, investors are closely watching whether signs of resilience in the US economy could lift the greenback and limit the loonie’s upside. In the absence of key Canadian data, the currency’s moves remain tied to oil price fluctuations and overall market risk appetite, keeping the loonie’s short-term outlook balanced but range-bound.