- USD/CAD is nearly 1.4250 amid power in Canadian dollars.
- Investors doubt that BOC will continue to reduce interest rates after the release of a February Consumer Price Index report for February.
- Feeling risks is still cautious as US President Trump is expected to announce a big tariff on April 2.
The USD/CAD pair runs on his passive side for the third consecutive day on Wednesday and slides to approximately 1.4250. LONIE’s pair weakens the Canadian dollar traders (CAD) against his peers, except for anti -cod.
Canadian dollar price today
The table below shows the percentage of change in the Canadian dollar (CAD) against the main currencies listed today. The Canadian dollar was the strongest against the British pound.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -0.03 % | 0.30 % | 0.15 % | -0.20 % | -0.39 % | -0.48 % | 0.10 % | |
| euro | 0.03 % | 0.33 % | 0.15 % | -0.17 % | -0.35 % | -0.45 % | 0.12 % | |
| GBP | -0.30 % | -0.33 % | -0.14 % | -0.49 % | -67 % | -0.78 % | -0.17 % | |
| JPY | -0.15 % | -0.15 % | 0.14 % | -0.34 % | -0.55 % | -63 % | -04 % | |
| CAD | 0.20 % | 0.17 % | 0.49 % | 0.34 % | -16 % | -0.28 % | 0.32 % | |
| Aud | 0.39 % | 0.35 % | 0.67 % | 0.55 % | 0.16 % | -0.10 % | 0.50 % | |
| Nzd | 0.48 % | 0.45 % | 0.78 % | 0.63 % | 0.28 % | 0.10 % | 0.59 % | |
| Chf | -0.10 % | -0.12 % | 0.17 % | 0.04 % | -0.32 % | -0.50 % | -59 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the Canadian dollar from the left column and move along the horizontal line to the US dollar, the percentage offered in the box will represent the CAD (base)/USD (quotation).
CAD is rising where investors hope that Canada (BOC) can adopt a neutral monetary policy position after staying dramatically since June 2024. These expectations arose from the Consumer Prices Index (CPI) in February, which showed that inflation accelerated in a faster expression.
However, Loonie’s faith is linked to the President of the United States (USA) tariff schedule, Donald Trump. Trump is preparing to announce a large number of customs tariffs for his commercial partners on April 2.
Meanwhile, the US dollar index (DXY), which tracks the value of Greenback for six main currencies, is struggling to break the immediate resistance of 104.50, the highest level in nearly three weeks. To move forward, investors will focus on the US spending price index data (PCE) for February, which will be issued on Friday. Inflation data will affect market expectations for FBI’s monetary policy expectations.
USD/CAD maintains the 100 EMA moving average, which is about 1.4226, indicating that the overall trend is upward.
The 24-decrease (RSI) swings in the range of 40.00-60.00, indicating the presence of a side direction.
To move forward, a step will appear in the upward direction above the highest level on March 10 of 1.4470, which will open the door towards the 1.4500 psychological resistance and the height of January 30 at 1.4595.
On the contrary, the collapse without a decrease in February 14 at 1.4151 by the husband would expose him to the lowest level on December 9 of 1.4094, followed by a decrease in December 6 at 1.4020.
Daily Plan USD/CAD
Questions and answers in Canadian dollars
The main factors that lead the Canadian dollar (CAD) are the level of interest rates set by the Bank of Canada (BOC), the price of oil, the largest export in Canada, the health of its economy, inflation and commercial balance, which is the difference between the value of exports in Canada in exchange for its imports. Other factors include market morale-if investors are eating more risky assets (risk) or searching for safe materials (risk)-with positive CAD risks. As its largest commercial partner, the health of the American economy is also a major factor that affects the Canadian dollar.
Canada Bank (BOC) has a major impact on the Canadian dollar by determining the level of interest rates that banks can persuade each other. This affects the level of interest rates for everyone. The main goal of BOC is to keep inflation by 1-3 % by setting interest rates up or down. Relatively higher interest rates tend to be positive for CAD. Canada Bank can also use quantitative dilution and tighten it to influence credit conditions, with previous CAD negative and the other positive CAD.
The price of oil is a major factor that affects the value of the Canadian dollar. Petroleum is the largest export in Canada, so the price of oil tends to an immediate effect on the CAD value. In general, if the price of oil rises, the CAD rises, with the increased total demand for the currency. The opposite is the case if the price of oil decreases. The high oil prices also tend to increase the possibility of a positive commercial balance, which also supports CAD.
While inflation was always believed to be a negative factor of the currency because it reduces the value of money, the opposite was already the case in the modern era with the relaxation of capitalist controls across the border. Top inflation tends to lead the central banks to raise interest rates that attract more capital flows from global investors looking for a profitable place to keep their money. This increases the demand for the local currency, which in the case of Canada is the Canadian dollar.
Victory of macroeconomic data evaluates the health of the economy and can have an impact on the Canadian dollar. Indicators such as GDP, manufacturing, PMIS, employment services, and consumer morale surveys can affect CAD direction. The strong economy is useful for the Canadian dollar. Not only attracts more foreign investments, but it may encourage Canada Bank to set interest rates, which leads to a stronger currency. If economic data is weak, CAD is likely to fall.
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