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 15, 2025

Canadian Dollar News - Loonie edges up but lacks momentum on oil drag

The US dollar rate today is trading broadly lower after Fed Chair Powell signalled on Tuesday that further rate cuts may be on the horizon, citing worsening conditions in the US labour market. This shift has put pressure on the greenback across major pairs. Meanwhile, the Canadian dollar rate today has posted modest gains on the back of the weaker USD but has struggled to build any meaningful momentum, as lower oil prices weigh on sentiment. Traders are now turning their attention to upcoming manufacturing and wholesale sales data for fresh domestic cues, but for now, USD/CAD remains in a consolidative phase as markets digest Powell’s dovish signals.

Today's Global Currency Highlights

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

USD: US dollar remains under pressure, retreats broadly after Fed Chair Powell signals further rate cuts on Tuesday, citing deterioration in the US labour market.
CAD: Canadian dollar posts modest gains on a weaker USD but struggles to build momentum amid lower oil prices, manufacturing and wholesale sales data in focus for cues.
EUR: Euro shrugs off a decline in EU industrial production, consolidates gains mid-week on USD weakness, though a pension reform delay in France caps further upside.
GBP: Sterling rebounds from overnight losses on the Fed’s dovish policy tone, though BoE rate cut bets tied to a cooling labour market continue to remain a headwind.
JPY: Yen trades higher against major peers after Japanese political parties deny plans to hold the leadership vote on October 21, with mid-tier data now in focus.
AUD: Australian dollar jumps sharply after RBA Hunter warns of upside inflation risks, while a weaker USD and fading bets of aggressive RBA easing lend more support.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX update, traders are focused on fresh manufacturing and sales data from both sides of the border for directional cues. Canada’s Manufacturing and Wholesale Sales figures will be closely watched for signs of underlying economic momentum, with stronger readings likely to support the Canadian dollar today, while softer results could keep the loonie under pressure. On the US side, the NY Empire State Manufacturing Index will provide insight into business conditions, potentially influencing sentiment around the US dollar rate today. Together, these releases are expected to guide near-term USD/CAD movements as markets assess the relative strength of 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 struggling to find strong directional momentum ahead of key domestic data. Traders are focused on Canada’s Manufacturing and Wholesale Sales figures for signs of economic strength, while broader sentiment remains shaped by US data releases, including the NY Empire State Manufacturing Index. A stronger Canadian dataset could offer the loonie some support, but ongoing market caution and mixed global signals are likely to keep its near-term outlook restrained and range-bound.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of October 15, 2025, the USD/CAD pair trades at 1.4035, representing a -0.05% move in the last 24 hours.

USD/CAD highlights

USD retreats after Powell signals more rate cuts: The greenback remains under pressure, extending its decline after Fed Chair Powell pointed to further rate reductions in response to a weakening US labour market.
Canadian dollar edges higher on softer USD: The loonie posts modest gains as the weaker US dollar provides support, though lower oil prices limit its upside.
Domestic data in focus for CAD direction: Traders are watching Canada’s manufacturing and wholesale sales releases for fresh signals on economic strength.

Range-bound USD/CAD trade likely:

Economic news impacting USD/CAD today

US NY Empire State Manufacturing Index
Canada Wholesale Sales
Canada Manufacturing Sales

Daily trading range

Near-term bias for USD/CAD is slightly softer, with the pair expected to trade in a 1.3975–1.4075 range.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of October 15, 2025, the EUR/CAD pair trades at 1.63334, representing a 0.23% move in the last 24 hours.

EUR/CAD highlights

Euro consolidates gains despite weak industrial data: The single currency holds firmer mid-week as it shrugs off a decline in EU industrial production, supported by broad USD weakness.
USD softness underpins euro momentum: The euro finds some stability as a weaker greenback helps offset softer EU data, though upside remains limited.
French pension reform delay caps gains: Political factors in France, including a delayed pension reform, prevent the euro from gaining further traction.

Economic news impacting EUR/CAD today

ECB De Guindos' Speech
Trade Balance

Daily trading range

Near-term bias for EUR/CAD remains slightly bullish, with the pair expected to trade in a 1.6260–1.6375.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of October 15, 2025, the GBP/CAD pair trades at 1.87911, representing a 0.51% move in the last 24 hours.

GBP/CAD highlights

Sterling rebounds on Fed’s dovish shift: The pound recovers from overnight losses as the Fed’s softer policy stance pressures the USD, offering sterling some relief.
BoE rate cut bets limit upside: Expectations of future BoE rate cuts, driven by signs of a cooling UK labour market, continue to cap sterling’s momentum.
Mixed policy signals keep outlook cautious: While the Fed’s dovish tone supports short-term gains, domestic monetary policy expectations keep sterling’s upside in check.

Economic news impacting GBP/CAD today

BoE Breeden's Speech
GDP
Trade Balance

Daily trading range

Near-term bias for GBP/CAD is moderately bullish, with the pair expected to trade in a 1.8690–1.8800 range.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of October 15, 2025, the CAD/JPY pair trades at 107.737, representing a -0.27% move in the last 24 hours.

CAD/JPY highlights

Yen strengthens as political uncertainty eases: The currency trades higher after Japanese political parties deny plans for an October 21 leadership vote, calming market nerves.
Reduced political risk supports yen demand: The clarification helps unwind some bearish pressure, boosting the yen against major peers.
Focus shifts to upcoming mid-tier data: With political concerns easing, traders turn their attention to upcoming domestic data for the next directional cues.

Economic news impacting CAD/JPY today