USD/CAD maintains upside pressure above 200-DMA – BBH

FXStreetOct 10, 2025 10:29 AM

View all comments（0）



USD/CAD remains under upward pressure after breaking above its 200-day moving average at 1.3976. Investors now turn to Canada’s September labor force survey, with expectations for minimal job gains following steep losses in July and August. A disappointing report could increase the likelihood of additional BOC rate cuts, weighing further on the loonie, while swaps currently fully price a 25bps reduction by year-end, BBH FX analysts report.

Canadian jobs report in focus as CAD faces headwinds

"USD/CAD remains under upside pressure after sustaining a break above its 200-day moving average (1.3976). CAD will take its cue today from Canada’s September labor force survey (1:30pm London, 8:30am New York). The Bank of Canada’s (BOC) is increasingly concerned about further weakness in employment conditions."

"The economy is expected to add just 5k jobs in September after shedding -65.5k and -40.8k jobs in August and July, respectively. A poor labor force survey will raise odds the BOC lowers the policy rate below its estimated neutral range of 2.25% to 3.25% and can further weigh on CAD. The swaps market currently fully prices-in a 25bps cut by year-end and the policy rate to bottom at 2.25%."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Intel (INTC) Stock Price Prediction: Perplexity Chose Nvidia Over Intel — Can $113 Hold Into July 23 Earnings?

TradingKey - Intel fell in the chip sector selloff triggered by Samsung’s ‘only 6% ahead’ Q2 beat. Perplexity chose Nvidia’s Vera chip over Intel in AI speed tests. INTC at $113 recovering. July 23 earnings is the reset.

Tesla Optimus Gen 3 Design Initially Finalized, Musk Sets Hard Target for Supply Chain: 1,000 Units Weekly Production by September.

TradingKey - According to reports from LatePost, multiple sources within Tesla's supply chain have revealed that Tesla recently issued specific procurement guidance for Optimus parts to its suppliers. The company requested that production capacity be increased to 1,000 units per week by September of this year, and further raised to between 2,000 and 2,500 units per week by the end of the year. Based on the year-end weekly capacity estimate, suppliers will have the capability to supply parts for approximately 100,000 Optimus units annually to Tesla by the end of the year.

Micron Technology (MU) Stock Forecast: AI Memory Boom Keeps Bulls Focused on $1,100 After Trendline Rebound

Micron rebounds from ascending trendline support as AI-driven HBM demand continues to reshape earnings. Can MU extend toward $1,103 after record Q3 results?

NVIDIA (NVDA) Stock Forecast: DeepSeek Building Its Own Chip - Is $197 the Bottom?

Reuters says DeepSeek is building its own AI chip to cut ties with Nvidia. NVDA slipped 2% on the news but still holds $197. The chart has flipped to a long setup. 61 analysts Buy at $301 avg target.

Japan and South Korea Stocks Surge at Open: Nikkei 225 and Kospi Soar Together, SK Hynix and Kioxia Jump 8%, Samsung and SoftBank Follow

Japanese and South Korean stock markets opened higher and continued to rise, with the KOSPI Index and the Nikkei 225 index gaining to varying degrees. SK Hynix and Kioxia surged by approximately 8%, while Samsung Electronics and SoftBank tracked the gains.

Featured Tools