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 23, 2025

Canadian Dollar News - Loonie steadies ahead of retail data

The latest Canadian dollar news points to a cautious mood, with the Canadian dollar rate today still struggling to gain meaningful momentum despite some supportive factors. On the one hand, the US dollar rate is trading sideways today after Wednesday’s corrective pullback, supported by mild safe-haven demand and easing trade-tension worries ahead of US housing data. On the other hand, the Canadian dollar rate today is seeing thin upside as the loonie posts modest gains, buoyed by rising crude prices, but remains constrained as markets await upcoming domestic retail sales data for fresh direction.

Today's Global Currency Highlights

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

USD: US dollar trades sideways after Wednesday’s corrective pullback, with soft safe-haven demand providing mild support ahead of housing data.
CAD: Canadian dollar posts thin gains as rising crude prices buoy the loonie, while markets turn attention to upcoming retail sales figures.
EUR: Euro drifts slightly lower as a quiet session with no major data or central bank commentary leaves both bulls and bears lacking clear direction.
GBP: Sterling attempts to consolidate against major peers, though dovish BoE bets intensify as signs suggest inflation growth may have peaked.
JPY: Yen tumbles after reports of a potential stimulus package in Japan weigh on sentiment, today’s CPI expected to show September acceleration.
AUD: Australian dollar’s rally eases but holds intraday gains as investors shrug off US threats to curb exports of software-driven products to China.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, traders are focused on a busy data lineup featuring Canada’s retail sales, US existing home sales, and consumer confidence readings from both Europe and the UK. A stronger retail report could bolster the Canadian dollar today, reflecting resilience in domestic spending, while a weaker print may limit gains. Across the border, housing data will guide expectations for the US dollar rate today, with any signs of cooling likely to weigh on sentiment. Meanwhile, consumer confidence figures from Europe and the UK will offer fresh insight into demand trends and shape the broader market mood heading into the weekend.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news suggests a mildly positive tone, with the Canadian dollar rate today edging higher as rising oil prices and anticipation ahead of Canada’s retail sales report lend modest support. However, gains remain limited as investors weigh the potential impact of softer global growth signals and mixed US housing data. With broader sentiment still cautious, the loonie’s near-term direction will hinge on whether upcoming retail figures confirm resilience in domestic demand or reinforce expectations of a slower economic backdrop.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of October 23, 2025, the USD/CAD pair trades at 1.39876, representing a -0.04% move in the last 24 hours.

USD/CAD highlights

US dollar holds steady after brief correction: The greenback trades sideways as investors consolidate positions following Wednesday’s pullback, with mild safe-haven demand lending limited support.
Cautious tone caps USD momentum: Market sentiment remains balanced as traders await housing data, keeping the dollar confined within a narrow trading range.
Canadian dollar edges higher on oil strength: The loonie posts modest gains, supported by a rebound in crude prices that offsets broader market caution.
Focus shifts to Canada’s retail data: Traders are eyeing upcoming retail sales for signs of household resilience and near-term direction for the Canadian dollar.

Economic news impacting USD/CAD today

Canada Retail Sales
US Existing Home Sales

Daily trading range

Near-term bias for USD/CAD is neutral to slightly bearish, 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 23, 2025, the EUR/CAD pair trades at 1.62462, representing a 0.02% move in the last 24 hours.

EUR/CAD highlights

Euro edges lower in muted trade: The common currency drifts slightly lower as a lack of key data or policy commentary keeps market activity subdued.
Calm session limits euro volatility: With no major economic releases or ECB speeches, traders remain cautious, resulting in narrow intraday ranges.
Market awaits fresh eurozone catalysts: Investors are holding back on new positions ahead of upcoming inflation and growth data later in the week.

Economic news impacting EUR/CAD today

ECB Lane's Speech
Consumer Confidence

Daily trading range

Near-term bias for EUR/CAD is neutral, with the pair expected to trade in a 1.6180–1.6280 range.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of October 23, 2025, the GBP/CAD pair trades at 1.86324, representing a -0.27% move in the last 24 hours.

GBP/CAD highlights

Pound steadies after recent losses: Sterling attempts to consolidate against major peers as traders reassess positions following its earlier slide.
Dovish BoE expectations build: Market sentiment turns cautious with growing signs that UK inflation may have peaked, reinforcing expectations for rate cuts.
Muted data calendar keeps GBP in check: With limited domestic drivers, the pound’s movement remains tied to broader market mood and central bank outlooks.

Economic news impacting GBP/CAD today

BoE Dhingra's Speech
Consumer Confidence

Daily trading range

Near-term bias for GBP/CAD is neutral to slightly bearish, with the pair expected to trade in a 1.8620–1.8730 range.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of October 23, 2025, the CAD/JPY pair trades at 109.036, representing a 0.44% move in the last 24 hours.

CAD/JPY highlights

Yen weakens on stimulus speculation: The Japanese yen tumbles as reports of a potential government stimulus package dampen demand for the currency.
Markets eye Japan’s CPI data: Traders await today’s inflation report, expected to show an acceleration in September, for clues on the BoJ's policy stance.
Policy divergence pressures yen: Expectations that the BoJ will maintain its ultra-loose policy contrast with tighter global conditions, keeping the yen under strain.

Economic news impacting CAD/JPY today