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 22, 2025

Canadian Dollar News - CAD finds footing after CPI rebound

The US dollar rate today steadied after retreating from overnight highs, buoyed by calmer trade sentiment and easing profit-taking ahead of key US inflation data. The Canadian dollar rate today also found some footing, recovering on the back of firmer CPI figures and resilient oil prices, though its momentum remains capped by softer domestic indicators and cautious sentiment ahead of the fall fiscal update. With both currencies treading carefully, the USD/CAD pair remains confined to familiar territory as traders await fresh policy and data signals to break the stalemate.

Today's Global Currency Highlights

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

USD:US dollar stabilizes after slipping from overnight highs as profit-taking subsides, easing trade tensions offer support ahead of Friday’s CPI print.
CAD:Canadian dollar recoups most of Tuesday’s losses but struggles to extend gains despite a strong CPI rebound, higher oil prices provide a cushion.
EUR:Euro extends its three-day losing streak against a steady greenback, traders focus on Lagarde’s final remarks before the ECB enters its blackout period.
GBP:Sterling tumbles to multi-week lows after inflation slows to 3.8% versus the 4% expected, reviving BoE rate cut bets and adding downside pressure.
JPY:Yen remains pinned near weekly lows as its trade data-driven rally fades, a steady USD and delayed BoJ rate hike expectations weigh further.
AUD:Australian dollar trades flat within a familiar range despite a risk-on tone, as foreign outflows and a firm USD continue to undermine the currency.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, markets are quiet with no major economic releases on the calendar, leaving sentiment to guide short-term moves. The Canadian dollar today remains steady, supported by recent gains in oil prices and a firmer inflation outlook, while traders watch for any policy-related headlines or shifts in risk appetite. The US dollar rate today is also holding firm as investors assess positioning ahead of next week’s key data, with broader market tone likely to dictate direction for USD/CAD through the session.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a steady but cautious tone, with the Canadian dollar rate today holding firm after earlier swings. The loonie is finding mild support from stronger domestic inflation data and resilient oil prices, though its momentum remains limited amid mixed economic signals and subdued trading conditions. With no key data releases on the calendar, the currency is likely to remain range-bound as markets await fresh catalysts, while sentiment around the US dollar continues to influence short-term direction.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of October 22, 2025, the USD/CAD pair trades at 1.3982, representing a -0.28% move in the last 24 hours.

USD/CAD highlights

US dollar steadies as profit-taking eases: The greenback finds support after slipping from overnight highs, with traders reducing short-term positions ahead of key inflation data later this week.
Trade optimism lends mild USD support: Easing US–China trade tensions help restore confidence in the dollar, keeping it on firmer footing after a volatile start to the week.
Canadian dollar rebounds on stronger inflation: The loonie recoups earlier losses as a sharp CPI rebound boosts expectations that the Bank of Canada may stay cautious on rate cuts.
Oil prices cushion loonie but limit upside: Higher crude values offer some stability to CAD, though broader uncertainty keeps USD/CAD confined to its recent trading range.

Economic news impacting USD/CAD today

Fed Barr's Speech

Daily trading range

Near-term bias for USD/CAD remains neutral to slightly bullish, with the pair expected to trade within a 1.3980–1.4080 range.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of October 22, 2025, the EUR/CAD pair trades at 1.62301, representing a -0.23% move in the last 24 hours.

EUR/CAD highlights

Euro extends its losing streak: The common currency weakens for a third consecutive session, pressured by a steady UD and muted market appetite for risk assets.
Focus shifts to Lagarde’s final remarks: Traders are closely watching ECB President Lagarde’s last comments before the central bank’s blackout period for any hints on the policy outlook.
Cautious tone weighs on euro sentiment: Expectations of prolonged rate stability in the eurozone and mixed economic data continue to cap near-term upside for the euro.

Economic news impacting EUR/CAD today

ECB De Guindos' Speech
ECB President Lagarde's Speech

Daily trading range

Near-term bias for EUR/CAD is neutral to slightly bearish, with the pair expected to trade in a 1.6200–1.6300 range.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of October 22, 2025, the GBP/CAD pair trades at 1.86782, representing a -0.33% move in the last 24 hours.

GBP/CAD highlights

Pound slips to multi-week lows: Sterling weakens sharply after softer-than-expected inflation data fuels renewed speculation of earlier Bank of England rate cuts.
Inflation undershoots expectations: Headline CPI eased to 3.8% versus the 4.0% forecast, signalling cooling price pressures and reinforcing the view that policy tightening has run its course.
Rate cut bets resurface: Markets are now pricing in a greater likelihood of BoE easing in the coming months, further weighing on the pound’s short-term outlook.

Economic news impacting GBP/CAD today

BoE Deputy Governor Woods' Speech

Daily trading range

Near-term bias for GBP/CAD is bearish, with the pair expected to trade in a 1.8620–1.8750 range.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of October 22, 2025, the CAD/JPY pair trades at 108.679, representing a 0.34% move in the last 24 hours.

CAD/JPY highlights

Yen slips toward weekly lows: The Japanese yen weakens as its earlier trade data-driven rally loses momentum, with investors scaling back safe-haven demand.
Steady USD adds to yen pressure: A firm US dollar, supported by easing trade tensions and cautious sentiment ahead of key inflation data, keeps the yen on the defensive.
BoJ policy expectations weigh on JPY: Markets continue to price in delayed rate hikes from the Bank of Japan, reinforcing downside bias for the currency.

Economic news impacting CAD/JPY today