💱US Dollar/Canadian Dollar FX Spot Rate
USDCAD
▲ PositiveMonetaryrelevance
Divergent BoC-Fed policy bets and Trump tariffs weaken CAD relative to USD.
The Canadian Dollar fell to a one-week low against the US Dollar on Tuesday. The USD/CAD pair gained positive traction for the second straight day, buying on the previous day's solid rebound from the 1.4000 psychological mark, which was its lowest level since June 17. The move was driven by divergent Bank of Canada and Federal Reserve policy bets and concerns over Trump tariffs.
Divergent BoC-Fed policy bets and Trump tariffs weaken CAD relative to USD.