USD/CAD bias flipped 3 times to bullish on September 17, 2026
The Federal Reserve raised interest rates again after years of holds and cuts, in a move described as hawkish. The U.S. dollar gained on the outlook, sending the Canadian dollar, or loonie, to five- and six-week lows. USD/CAD has been consolidating near the 1.4000 level, as dollar strength has offset gains in oil for the Canadian currency.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 3 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
- 00:00Neutral
- 03:20Bullish
- 12:41Neutral
- 13:26Bullish
Headlines (11)
First seen on September 17
- Canadian Dollar slides to five-week low after Fed’s hawkish decisionFXStreet
- 1.4000 within reach: USD/CAD consolidates gains after Fed’s hawkish hikeFXStreet
- Canadian Dollar remains under pressure as USD/CAD flirts with 1.4000FXStreet
Carried over from earlier days
- Canadian Dollar languishes near 0.8200 as Fed tightening bets buoy US DollarFXStreet
- Canadian Dollar remains vulnerable aas Fed takes centre stageFXStreet
- Canadian Dollar languishes near two-week low as bullish USD offsets oil gains ahead of FedFXStreet
- Monetary Policy Decisionbis.org
- After Years of Holds and Cuts, the Fed Just Raised Rates AgainBitcoin.com News
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, September 17 | ||
| RMPI m/m | 0.7% | CAD |
| Unemployment Claims | 207K | USD |
| Philly Fed Manufacturing Index | 31.3 | USD |
| Housing Starts | 1.32M | USD |
| Foreign Securities Purchases | 28.64B | CAD |
| Building Permits | 1.40M | USD |
| IPPI m/m | 0.0% | CAD |
| Pending Home Sales m/m | -0.2% | USD |