USD/CAD bias held bullish on September 19, 2026
The Canadian dollar weakened against major currencies in the week ending September 18 as Fed expectations and US yields supported the US dollar. Coverage also pointed to the US-Canada rate gap and trade tensions, alongside shifting Bank of Canada expectations with rising odds of a rate hike this year and views that rate path risks tilt earlier. For USDCAD, this puts both US rates and Bank of Canada rate expectations in focus.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It held all 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
- 00:00Bullish
Headlines (14)
First seen on September 19
Carried over from earlier days
- Canadian Dollar slides to five-week low after Fed’s hawkish decisionFXStreet
- Trump threatens to end trade with Mexico and Europe after rate hikeAl Jazeera
- 1.4000 within reach: USD/CAD consolidates gains after Fed’s hawkish hikeFXStreet
- Canadian Dollar: Underperformance persists on wider spreads – ScotiabankFXStreet
- Canadian Dollar remains under pressure as USD/CAD flirts with 1.4000FXStreet
- USDCAD breaks higher after the Fed. Can buyers hold the breakout? Or will sellers take back control?InvestingLive
- Canadian Dollar bears retain control near August 7 low amid US-Canada rate gap/trade warFXStreet
- USD/CAD Forecast: Breakout Gathers Pace as US Rates Take OverInvesting.com
- Odds of an interest rate hike from Bank of Canada this year have jumpedboereport.com
- Bank of Canada: Rate path risks tilt earlier – RBCFXStreet
- Canadian Dollar dips as Fed, US yields support the US DollarFXStreet
- "Good Manners" Have Never Been An Effective Strategy For Retaining SovereigntyZeroHedge
- Canadian dollar weakens against major currencies in the week ending September 18Investing.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, September 21 | ||
| FOMC Member Goolsbee Speaks | USD | |
| BOC Gov Macklem Speaks | CAD | |
| Tuesday, September 22 | ||
| ADP Weekly Employment Change | USD | |
| NHPI m/m | CAD | |
| Richmond Manufacturing Index | 5 | USD |
| FOMC Member Williams Speaks | USD | |
| FOMC Member Jefferson Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |