As of the latest intraday check, USD/CAD sits at 1.3600. This reflects an increase of 0.0050 or 0.37% from yesterday’s close of 1.3550. This surge can be attributed largely to a decline in the Canadian energy sector, alongside a strengthening U.S. dollar supported by robust jobs data, which reignited market speculation about potential Federal Reserve rate hikes. The USD/CAD's movement is resonant with sustained pressures on the Canadian dollar stemming from fluctuating oil prices, a crucial component of Canada’s economy. This uptick in USD/CAD sends ripples across the North American financial markets, potentially weighing on the competitiveness of Canadian exports despite stronger broad-spectrum optimism about global recovery prospects. According to a recent report by Goldman Sachs, the volatility in the currency pair points to underlying vulnerabilities amidst broader federal economic recalibrations. The increased USD/CAD could affect the purchasing power within Canada, notably in consumer goods reliant on imports, thereby affecting aggregate demand. The Sigmanomics Pulse Score indicates moderate bullish sentiment for USD/CAD. Analysts highlight mixed market conditions as pivotal to currency fluctuation, driven by oil price instability and macroeconomic data releases. Economic activities and foreign exchange dynamics are intertwining in complex patterns, influencing the behavior of USD/CAD. Recent statements from the Bank of Canada indicate a cautious stance on inflationary pressures which, when juxtaposed with hawkish sentiments from the Federal Reserve, are sowing cautious optimism and transient volatility in the currency space. Market expert Asher Stein from JPMorgan noted that USD/CAD could encounter additional fluctuations with upcoming employment and CPI data releases. Additionally, geopolitical tensions and global oil market developments remain critical variables shaping economic sentiment and strategy formulation around USD/CAD.USD/CAD Rises Amid Canadian Energy Sector Weakness
USD/CAD Advances Driven by Inflation Concerns
Impact on North American Economic Outlook
Sigmanomics Pulse Score: 75/100
Recent Developments in USD/CAD Dynamics
USD/CAD OHLC Data for Last Five Sessions
Date
Open
High
Low
Close
06/24/25
1.3530
1.3560
1.3520
1.3550
06/25/25
1.3550
1.3575
1.3535
1.3555
06/26/25
1.3555
1.3590
1.3545
1.3570
06/27/25
1.3570
1.3620
1.3560
1.3600
06/28/25
1.3600
1.3635
1.3585
1.3605
Last Updated 6/29/25
Daily Pivots for day following DD-MMM-YYYY
Weekly Pivots for week ending DD-MMM-YYYY
Sigmanomics
Subscriptions
- Economic Calendar
- Historical Data
- Forecasts
- Pivot Tables
- Global News
- Education
- Indicators
- Currencies
- Stocks
- Commodities
- Crypto
Latest Analysis
Trump Raises Tariff Tensions: EU Sounds Alarm as 30% Duties on EU and Mexico Spark Inflation Concerns
Summary The latest threat of tariffs from US President Donald Trump has heightened concerns about inflation and trade disruptions. Trump has signaled a willingness to go
Crytpo outlook – July 2025
What does the second half of 2025 have in store? Table of Contents Risk Disclaimer The information on this page is provided for general information only
Wall Street’s Reluctant Rally: How Big Tech and AI Keep Driving Stocks Higher
Table of Contents Risk Disclaimer The information on this page is provided for general information only and does not constitute investment, tax or legal advice. Trading
Ronald Francois, Senior Strategist
Sigma Corner
Why Walmart (WMT) Is Still the King of Retail: Growth Engines and Investor Outlook
The Retail Giant Walmart Inc. (WMT) is the leading retailer worldwide. It demonstrates a remarkable ability to adapt and succeed in the fast-changing retail environment. This
Fed is sticking to its wait-and-see approach
Time is Ticking Table of Contents The Federal open Market Committee stated its commitment to wait and see how the U.S. economy responds to economic policy
April 2025 U.S. Retail Sales Stagnate Amid Tariff Turmoil
In April 2025, U.S. retail sales saw a slight increase of just 0.1 percent. This is a sharp contrast to the stronger rise of 1.7 percent