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The Canadian Dollar strengthened, hitting 1.35 against the USD—the highest since October 2024—leading to a 1.13% decline in USDCAD over 4 weeks and a 6.12% drop in the past year.
The Canadian dollar strengthened against the US dollar amid falling Canadian 10-year bond yields and rising US government yields, with crude oil prices gaining support.
USDCAD declined significantly with the Canadian Dollar reaching a high against the USD, marking a 2.14% loss in four weeks and 3.42% in a year.
USDCAD tested a key swing resistance area and found support near the 61.8% retracement, attempting a breakout that could push prices higher if sustained.
The Canadian dollar weakened versus the U.S. dollar amid easing inflation and declining Canadian bond yields, while U.S. yields remained higher and crude oil prices rose modestly.
USDCAD steadied near 1.40 amid easing core inflation and a strong labor market in Canada, signaling a likely pause in Bank of Canada rate cuts as economic resilience persists despite US tariffs.
The Canadian dollar strengthened against the U.S. dollar amid falling Canadian government bond yields and lower U.S. crude prices, supporting gains in USDCAD trading.