USD/CAD bias flipped 8 times to neutral on September 16, 2026
The Loonie fell to a six-week low after the Federal Reserve's rate hike, as U.S. dollar strength tied to tightening expectations offset support from gains in oil prices. With the Fed taking centre stage, focus has shifted to the technical levels in play for USDCAD following the decision.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 8 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Weak bearish
- 08:44Weak bullish
- 09:40Neutral
- 13:30Weak bullish
- 14:45Neutral
- 17:35Weak bearish
- 17:50Bearish
- 18:45Bullish
- 19:15Neutral
Headlines (16)
First seen on September 16
- Canadian Dollar languishes near two-week low as bullish USD offsets oil gains ahead of FedFXStreet
- Monetary Policy Decisionbis.org
- Canadian Dollar: BoC hawkish tilt and key levels – ScotiabankFXStreet
- Fed hike sends the Loonie to a six-week lowFXStreet
- Loonie weakens after Fed hike as dollar gains on hawkish outlookInvesting.com
- The technical levels in play for the EURUSD, USDJPY, GBPUSD and USDCAD following the Fed hikeInvestingLive
Carried over from earlier days
- Euro drops against Canadian Dollar amid energy shocks, growing Fed rate hike pressuresFXStreet
- Canada's Trade War Struggle Puts Loonie Under Pressure. Forecast as of 14.09.2026LiteFinance
- Canada August CPI 3.0% y/y vs 3.0% expectedInvestingLive
- Canadian Dollar remains under pressure following mixed inflation dataFXStreet
- Loonie holds near 12-day low as oil support fails to offset dollar strengthInvesting.com
- Canadian Dollar consolidates near 1.3900 as oil gains offset bullish USD ahead of FedFXStreet
- Canadian Dollar languishes near 0.8200 as Fed tightening bets buoy US DollarFXStreet
- Loonie slips as oil surge fuels rate worries ahead of Fed decisionInvesting.com
- Canadian Dollar: Remains slightly softer against US Dollar – ScotiabankFXStreet
- Canadian Dollar remains vulnerable aas Fed takes centre stageFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, September 16 | ||
| Housing Starts | 243K | CAD |
| Retail Sales m/m | 0.8% | USD |
| Building Permits m/m | -4.7% | CAD |
| Import Prices m/m | 0.4% | USD |
| Core Retail Sales m/m | 0.6% | USD |
| NAHB Housing Market Index | 34 | USD |
| Business Inventories m/m | 0.6% | USD |
| Crude Oil Inventories | -1.6M | USD |