1.389
Today
-0.08%
5 Days
+0.89%
1 Month
-0.87%
6 Months
+1.57%
Year to Date
+1.20%
1 Year
+1.11%
Opening Price
1.391Previous Closing Price
1.390HSBC strategists highlight a bearish stance on the Canadian Dollar (CAD), noting that the breakdown in US–Canada trade talks has driven USD/CAD higher but is unlikely to be a persistent drag.
The USD/CAD pair pulls back from an over two-week high, around the 1.3910-1.3915 region, earlier this Monday, stalling the recent goodish recovery from a three-month low. Spot prices, however, lack follow-through selling and trade just below the 1.3900 mark during the early European session.
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Canada (BoC) to keep its policy rate unchanged at 2.25% for a seventh straight meeting, as core inflation near 2% allows policymakers to cushion activity against US-Canada trade tensions.
The USD/CAD pair edges lower to around 1.3890 during the Asian trading hours on Monday. Renewed tensions between the US and Iran boost crude oil prices, supporting the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
Canada produced the strongest growth figure of the cycle and the Canadian Dollar is weaker for it.
Royal Bank of Canada (RBC) strategists analyze escalating trade tensions between Canada and the United States (US) and their impact on both economies.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

The upside prevails as long as 1.3863 is support, with 1.3925 and 1.3939 as targets
below 1.3863, expect 1.3840 and 1.3826.
The upside prevails as long as 1.3863 is support, with 1.3925 and 1.3939 as targets
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