Canadian dollar news

USD/CAD failed to hold gains above 1.38 as resistance pushed the pair lower, with Fed bond purchases and narrowing rate differentials adding pressure.

USD/CAD remains choppy ahead of the FOMC and Bank of Canada meetings, with traders eyeing Powell’s tone for clues on future rate cuts.

Fed Cuts Rates by 0.25%, Many Regional Governors Dissent, US Dollar Breaks Below Key Support; Bank of Canada Holds Rates at 2.25%; Silver Nears $63 for New All-Time High; Australian Unemployment Rate Unchanged; Swiss National Bank Expected to Hold Rates

USD/CAD holds quiet ahead of the FOMC decision, trading below the 200-day EMA while testing support from a prior downtrend line. Market direction hinges on the Fed’s tone, with key levels between 1.35 and 1.4250 watched for potential movement.

Fed Strongly Expected to Cut Rates by 0.25%; Bank of Canada Expected to Hold Today; Silver Breaks $61 for New All-Time High; Firm Moves in FX, Japanese Govt. Warns of Intervention

USD/CAD tests key support as traders assess Fed policy direction. A bounce hints at recovery, but upcoming FOMC guidance will decide whether the pair breaks down or rallies.

CAD/JPY surged Friday after a strong Canadian jobs report, as yen weakness persists. Key support near 111 and 110.50 underpins bullish momentum, with upside targets at 113 and 114.

USD/CAD dropped sharply after Canada’s employment data far exceeded expectations, though long-term volatility and key technical levels suggest a possible pullback toward 1.3750 before any reversal.

Markets are again dominated by risk-off sentiment, boosting stocks and sending the US Dollar lower, with Silver still leading precious metals higher.

A concise weekly look at key markets, with updates on currencies, crypto, stocks, and commodities as volatility shapes December trading.