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Today's Forex News

USD/CAD Price Forecast: Trades near 1.3800 after retreating from levels near nine-day EMA

The USD/CAD pair is retracing its recent gains from the previous session, trading around 1.3820 during the European hours on Tuesday. The daily chart's technical analysis suggested a sustained bearish sentiment, as the pair continues to trade within a descending channel pattern.FX Street2025-05-06

U.S. Dollar Retreats: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is losing ground as traders react to imports and exports data.FXEmpire2025-05-06

EUR/CAD Price Analysis: Euro softens toward 1.5600 but broader trend stays constructive

The EUR/CAD pair edged lower on Tuesday, hovering near the 1.5600 area after the European session as the pair retreated within the day's range. Although the move reflects mild selling pressure, the broader trend structure remains favorable for buyers, particularly when viewed through the lens of longer-term averages.FX Street2025-05-06

Additional News:



Currency Exchange Steinbach - FAQ

Currency exchange in Steinbach is limit to banks or credit unions, kiosks and dealers. Shopping around for currency exchange service if the exchange amount is over $500 Canadain for most customers. Make sure to compare rate at the same time, ask fee structure beside exchange and inquire about time frame to settle the fund.

Each currency exchange dealers, which include banks, credit unions and other dealers, offer similar but different rate. The difference is getting more significantly, when the exchange amount is getter larger, such as over $10,000 Canadian dollar. Shop around is still the best way to get the best currency exchange rate. Please make sure when you compare the rate, ask when the money will be available, what is other fees. The general idea is the more convenient locaiton, the worse rate applied.

Steinbach is a city located about 58 km south-east of Winnipeg, Manitoba, Canada. According to the Canada 2016 Census, Steinbach has a population of 15,829, making it the third-largest city in Manitoba and the largest community in the Eastman region.[1] The city is bordered by the Rural Municipality of Hanover (north, west, and south), and the Rural Municipality of La Broquerie (east). The name "Steinbach" is translated from German as "Stony Brook" and was first settled by Plautdietsch-speaking Mennonites from the Russian Empire in 1874, whose descendants continue to have a significant presence in the city today.[2] Steinbach is found on the eastern edge of the Canadian Prairies, while Sandilands Provincial Forest is a short distance east of the city. Steinbach is primarily an agricultural community; however, as the regional economic hub of southeastern Manitoba, Steinbach has a trading area population of about 50,000 people.[3] The city also has many service and commercial businesses to serve the population. Steinbach is the third fastest-growing census agglomeration in Canada. Out of the top eight fastest-growing agglomerations, Steinbach is the only one located outside Alberta.[4][5][6] The city had a population growth of 17% between the 2011 and the 2016 census periods. The city has gained national recognition as an immigration destination of Canada and a model for immigrant integration in the country.[7]

In 1996, Les Magnusson was elected mayor of Steinbach, the first non-ethnic Mennonite to hold that position, and Steinbach was incorporated as a city on 10 October 1997.[21] Magnusson was a vocal opponent of attempts in Steinbach to allow liquor sales. In 2000, the windmill at the Mennonite Heritage Village, a recognized symbol of the city, was destroyed by arsonists.[26] It was rebuilt less than a year later with the assistance of Dutch millwrights. Steinbach attracted prominent attention in 2004 when Mennonite author Miriam Toews, who was born and grew up in Steinbach, published her novel A Complicated Kindness. The book became a bestseller, exploring a fictionalized town modelled after Steinbach. It won the 2004 Governor General's Award for Fiction,[28] and was selected as the 2006 book for Canada Reads, the first book by a female writer to be chosen. Steinbach continued to grow during Magnusson's tenure and, after the election of Chris Goertzen as mayor in 2006, became one of the fastest-growing cities in Canada.[24] In 2011 Steinbach was officially announced as Manitoba's third-largest city, with the release of the population data from the 2011 Canadian Census. The growth was attributed to immigration from such countries as Germany, Russia, and the Philippines.[30] Steinbach gained national recognition from such newspapers as The Globe and Mail, which described the city as an immigration "hotbed" of Canada and a model for immigrant integration. The first Steinbach Pride parade in 2016. During March 2013 the city gained national attention when several community members, such as the Southland Community Church and Steinbach Christian High School expressed opposition to provincial Bill 18, an anti-bullying bill that would require the accommodation of Gay-straight alliance groups in schools, including faith-based private schools.[32] On 13 September 2013 Bill 18 passed without amendments.[33] Partially in response to this issue, the city's first Steinbach Pride parade was held in 2016. While initially expecting about 200 people, approximately 3,000 people attended the event. This was brought about in part from the fact that not a single elected official from the area attended or endorsed the event. Ongoing rapid growth meant that the city needed more land and space in order to sustain itself. This led the city to negotiate an annexation of 2,800 acres (11 km2) from the Rural Municipality of Hanover in 2015, the first major annexation for the city since 1979.

As the economic centre of Southeastern Manitoba, service/retail industries employ the majority of the working population. Large manufacturing plants, especially those operated by Bausch and Loewen Windows (which is also based in Steinbach), create a significant number of jobs. Steinbach has a diversity of jobs and industries within the community. Its rapid growth rate, combined with the lowest taxes in the province by mill rate, has made the community an increasingly popular place for both workers and employers.[50] This combination has helped many different mid-sized and large-sized businesses in manufacturing, transportation, agribusiness, pharmaceuticals, retail, and financial services such as the Steinbach Credit Union, to grow with the city.[50] As a result, the city of Steinbach now has the third-highest assessment value among cities in the province, trailing only Brandon and Winnipeg. Agriculture, the traditional industry in the region, continues to play a significant role in Steinbach's economy as well. The agricultural industry in the area is notable for many of the large commercial pig, and poultry farming operations.[51] Aside from intensive pig and chicken barns there are numerous small, family, dairy farms that dot the area.[52] Crops grown on the fertile farmland surrounding Steinbach primarily include canola, corn, alfalfa, as well as barley, soybeans, oats, and wheat.

Historical Forex News

USD/CAD Price Forecast: Holds position above 1.3800, barrier appears near nine-day EMA

The USD/CAD pair is remaining steady after registering gains in the previous session, trading around 1.3810 during the European hours on Monday. Technical analysis on the daily chart indicates a possible bullish shift in market sentiment, with the pair sustaining levels above the descending channel pattern.FX Street2025-05-05

SocGen Forecast: USD Slide Only Just Beginning, AUD, CAD and JPY Most at Risk

Foreign exchange strategists at Société Générale expect the US dollar's recent retreat to pause near-term as markets await confirmation that Trump's policies are materially damaging US growth and global investor sentiment. However, they maintain a bearish medium-term view on the USD, calling the recent 6% drop from January's peak a.ExchangeRates2025-05-05

U.S. Dollar Rebounds From Session Lows As ISM Services PMI Beats Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The better-than-expected ISM Services PMI report provided support to the American currency.FXEmpire2025-05-05

USD/CAD stabilizes as Carney-Trump summit, Fed outlook, and economic data loom

USD/CAD is treading water as investors weigh the geopolitical significance of Tuesday's scheduled meeting between Canadian Prime Minister Mark Carney and US President Donald Trump, alongside a series of high-impact economic releases expected to shape monetary policy outlooks. FX Street2025-05-05

EUR/CAD Price Analysis: Euro edges higher near 1.5600 as longer-term bias holds firm

The EUR/CAD pair ticked higher on Monday, trading around the 1.5600 area after the European session. While price action remained within the middle of the daily range, the pair showed signs of underlying strength, aligning with a broader bullish structure.FX Street2025-05-05

USD/CAD Price Forecast: Tests 1.3800 support after pulling back from nine-day EMA

The USD/CAD pair retraces its gains registered in the previous session, trading around 1.3810 during the early European hours on Friday. However, technical analysis on the daily chart suggests a potential bullish shift in market sentiment, as the pair attempts to break above the descending channel pattern.FX Street2025-05-02

USD/CAD dips as easing trade tensions and soft US data weigh on Greenback

The USD/CAD is trading with losses around the 1.3800 level on Friday, as the pair continues to retreat from the prior session's highs. The move comes as the US Dollar weakens broadly across the board after a failed attempt to reclaim the 100.00 mark on the US Dollar Index (DXY).FX Street2025-05-02

U.S. Dollar Retreats Despite Strong Non Farm Payrolls Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Rising Treasury yields did not provide any support to the American currency today.FXEmpire2025-05-02

EUR/CAD Price Analysis: Euro steadies near 1.5600 as bulls hold longer-term edge

The EUR/CAD pair hovered near the 1.5600 zone on Friday after the European session, showing little change on the day but maintaining a steady bullish bias overall. Price action remains confined to the middle of the daily range, reflecting ongoing consolidation.FX Street2025-05-02

USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows

The USD/CAD pair retraces its losses registered in the previous session, trading around 1.3810 during the European hours on Thursday. However, technical analysis on the daily chart indicates a prevailing bearish trend, with the pair continuing to move lower within a clearly defined descending channel.FX Street2025-05-01

GBP/USD Corrects Gains While USD/CAD Dips

On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.3200 level. The British Pound started a steady increase above the 1.3320 resistance zone against the US Dollar, as discussed in the previous analysis.Action Forex2025-05-01

USD/CAD Daily Outlook

USD/CAD's breach of 1.3780 suggests that fall from 1.4791 is resuming. Intraday bias is back on the downside for 1.3727 fibonacci level next.Action Forex2025-05-01

U.S. Dollar Tests Weekly Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar continues to move higher as traders bet on successful trade negotiations.FXEmpire2025-05-01

USD/CAD ticks higher around 1.3820 despite USD Index gains sharply

The USD/CAD pair edges higher to near 1.3820 during North American trading hours on Thursday. The Loonie pair moves slightly higher despite the US Dollar (USD) has attracted significant bids after the release of the United States (US) ISM Manufacturing Purchasing Managers' Index (PMI) data.FX Street2025-05-01

CAD slips modestly on firmer USD – Scotiabank

The Canadian Dollar (CAD) has slipped a little overnight after briefly probing sub-1.38 levels late yesterday. President Trump commented that PM Carney will visit Washington shortly and anticipated a 'great relationship' with Canada, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-05-01

USD/CAD ticks higher amid bearish Oil prices, remains below mid-1.3800s ahead of US data

The USD/CAD pair extends its sideways consolidative price move through the first half of the European session on Wednesday and remains confined in a familiar range held over the past two weeks. Spot prices currently trade around the 1.3835-1.3840 region and seem to draw support from a combination of factors.FX Street2025-04-30

GBP/CAD Forecast: Pound Sterling Weakens vs Loonie After Canadian Election Result

Looking ahead, a key catalyst for the Pound to Canadian Dollar (GBP/CAD) exchange rate in the middle of the week will be Canada's latest GDP figures. March's preliminary figures will provide more clarity on how Trump's tariffs are impacting the Canadian economy, with the ‘loonie' poised to retreat if they report growth slumps.ExchangeRates2025-04-30

U.S. Dollar Gains Ground Despite Weak GDP Data: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar moved higher as traders reacted to the disappointing GDP report.FXEmpire2025-04-30

USD/CAD remains unchanged above 1.3800 after US/Canada GDP data

The USD/CAD pair has not moved much and stays around 1.3830 during the North American trading session on Wednesday after the release of the Gross Domestic Product (GDP) data of both the United States (US) and Canada.FX Street2025-04-30

Canadian Dollar Forecast: USD/CAD Threatens Larger Breakdown

USD/CAD remains an attractive major pair for USD weakness scenarios and a short-term descending triangle keeps the door open for breakdown potential.Forexcom2025-04-30

EUR/CAD remains below 1.5800 after projections show likely minority Carney government

The EUR/CAD cross reverses an Asian session dip to the 1.5755-1.5750 region and jumps to a fresh daily top in the last hour, though it lacks follow-through buying. Spot prices remain confined in the previous day's broader range and currently trade around the 1.5780-1.5785 area, nearly unchanged for the day.FX Street2025-04-29

USD/CAD holds gains near 1.3850 as Canadian Liberals fail to secure majority government

USD/CAD has recovered its intraday losses, trading around 1.3840 during early European hours on Tuesday. The pair appreciates as the Canadian Dollar (CAD) loses ground following election results in Canada.FX Street2025-04-29

USD/CAD continues to hold 1.3800 on slight optimism in US-China trade war de-escalation

The USD/CAD pair moves slightly higher to near 1.3855 during North American trading hours on Tuesday. The Loonie pair gains as the US Dollar (USD) ticks higher, with investors turning slightly optimistic on de-escalation in the trade war between the United States (US) and China.FX Street2025-04-29

USD/CAD: US auto tariffs & Canadian election result in focus – MUFG

The US Dollar has strengthened modestly overnight against other G10 currencies as it continues to consolidate at lower levels following the heavy sell-off during this month. The USD has been supported in part by further reports overnight that the Trump administration is considering easing tariff plans, MUFG's FX analyst Lee Hardman reports.FX Street2025-04-29

EUR/CAD: Euro steadies near 1.5800 as bullish trend holds despite mixed signals

The EUR/CAD was seen trading around the 1.5800 zone after the European session on Tuesday, showing little movement on the day after a slight decline. Despite the minor dip, the overall technical setup stays bullish.FX Street2025-04-29

Goldman: Revises USDCAD forecast lower

Synopsis: Goldman Sachs has revised its USDCAD forecasts lower, citing stronger-than-expected Canadian data, a supportive fiscal policy stance, and diminished expectations for Bank of Canada (BoC) rate cuts. While Canada's close ties to the U.S. may limit broader gains on the crosses, Goldman expects the Canadian dollar to outperform the U.S. dollar through the remainder of 2025.Forex Live2025-04-29

U.S. Dollar Gains Ground As JOLTs Report Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is trying to rebound after yesterday's pullback.FXEmpire2025-04-29

USD/CAD Price Forecast: Tests nine-day EMA near 1.3900 resistance level

The USD/CAD pair gains ground for the second successive day, trading around 1.3890 during the European session on Monday. However, technical analysis on the daily chart indicates a prevailing bearish trend, with the pair continuing to move lower within a clearly defined descending channel.FX Street2025-04-28

U.S. Dollar Retreats At The Start Of The Week: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is under pressure as traders focus on the pullback in Treasury yields.FXEmpire2025-04-28

GBP/CAD Price Forecast: Pound Sterling Price to Test 1.85 vs Loonie

Looking ahead, the main driver of movement for the Pound Canadian Dollar exchange rate this week will likely be the Canadian election and a duo of data releases from Canada. The country's latest GDP reading will be released on Wednesday, which is forecast to dip, with Canada's latest manufacturing PMI on Thursday also expected to post.ExchangeRates2025-04-28

USD/CAD Consolidates

The Canadian dollar has stabilised against the US dollar within the 1.390–1.380 range over the past week, as market participants assess what a fair USD/CAD rate might be, given the evolving news backdrop:Action Forex2025-04-25

USD/CAD analysis: forms a death cross ahead of Canada election

The USD/CAD exchange rate has crashed, forming a death cross pattern ahead of the upcoming Canadian election. It has plunged from a high of 1.4795 earlier this year to 1.3900.Invezz2025-04-25

USD/CAD sits near weekly top, just below 1.3900 ahead of Canadian Retail sales

The USD/CAD pair retains its positive bias through the first half of the European session on Friday and currently trades near the top end of the weekly range. Spot prices, however, remain below the 1.3900 round-figure mark and well within striking distance of a three-year low touched earlier this week.FX Street2025-04-25

U.S. Dollar Gains Ground As Michigan Consumer Sentiment Beats Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency managed to gain some ground despite falling Treasury yields.FXEmpire2025-04-25

USD/CAD holds firm as mixed trade headlines cloud USD outlook

The USD/CAD pair holds steady around the 1.3900 zone on Friday as markets weigh fresh US-China trade headlines and stronger oil prices against a firmer Greenback. The US Dollar Index (DXY) is trading higher near 99.60, supported by comments from US President Donald Trump suggesting talks with China are ongoing.FX Street2025-04-25

USD/CAD Price Forecast: Trades lower near 1.3850 after retreating from nine-day EMA

The USD/CAD pair retraces its gains from the previous session, trading around 1.3850 during the European session on Thursday. Daily chart technical analysis highlights a prevailing bearish trend, with the pair continuing its descent within a well-defined descending channel.FX Street2025-04-24

CAD: Relinked with USD before elections – ING

The Canadian Dollar (CAD) has suffered much less than any other G10 currency from the USD rebound since Monday, when it had instead remained flat despite widespread rallies against the US Dollar (USD), ING's FX analyst Francesco Pesole notes.FX Street2025-04-24

U.S. Dollar Pulls Back: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is moving lower as Treasury yields pull back.FXEmpire2025-04-24

GBP/CAD Forecast: Pound Firms vs Loonie Dollar Amid UK Data, Falling Oil Prices

Looking ahead, the primary factor influencing the Pound Canadian Dollar exchange rate on Friday will likely be the publication of the UK's and Canada's latest retail sales. For the UK, economists are forecasting a notable drop in March's retail sales index, expecting it to fall from the previous month's 1% to -0.4%.ExchangeRates2025-04-24

USD/CAD Forecast: Loonie Holds Steady Ahead of Canadian Federal Elections

Over the past two trading sessions, the USD/CAD pair has posted a slight gain of 0.5% in favor of the U.S. dollar, although the overall bias remains bearish due to the greenback's continued weakness in recent weeks.Forexcom2025-04-24

USD/CAD steady as US Dollar dips on tariff unease and mixed data

The USD/CAD pair was seen hovering around the 1.3900 zone on Thursday, mildly lower on the day, as the US Dollar (USD) struggles to maintain momentum amid renewed tariff uncertainty and conflicting US economic signals. Despite a stronger-than-expected headline Durable Goods report, underlying data fell flat, reinforcing caution among investors.FX Street2025-04-24

USD/CAD Price Forecast: Falls back to near 1.3800

The USD/CAD pair retreats from the high of 1.3860 posted earlier in the day to near 1.3800 during European trading hours on Wednesday. The Loonie pair falls back as the US Dollar (USD) gives up initial gains despite United States (US) President Donald Trump expressing confidence on de-escalation in a trade war with China.FX Street2025-04-23

U.S. Dollar Gains Ground As Traders React To PMI Reports: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar continues to move away from yearly lows.FXEmpire2025-04-23

USD/CAD price analysis: Consolidation holds below 1.3900 as Fed and trade policy risks loom

The USD/CAD pair trades modestly higher around 1.3800 during Tuesday's North American session, bouncing within a tight range after testing six-month lows earlier in the week. The Canadian Dollar (CAD) is largely unchanged on the session as traders digest recent developments including fresh PMI data and cautious optimism around easing trade tensions.FX Street2025-04-23

Canadian Dollar Forecast: USD/CAD Plunges to Pivotal Trend Support

USD/CAD is attempting to snap a seven-week losing streak with price now testing a multi-year uptrend. Battle lines drawn on the Canadian Dollar weekly technical chart.Forexcom2025-04-23

USD/CAD Price Forecast: Hangs near multi-month low; seems vulnerable around 1.3800

The USD/CAD pair struggles to capitalize on the overnight bounce from the 1.3780 region, or a six-month low, and attracts fresh sellers during the Asian session on Tuesday. Spot prices drop to the 1.3800 mark in the last hour and seem vulnerable to slide further amid a broadly weaker US Dollar (USD).FX Street2025-04-22

USD/CAD maintains losses near 1.3800, six-month lows due to higher Oil prices

USD/CAD continues to slide for the second consecutive day, trading near 1.3810 during Tuesday's European session. The Canadian Dollar (CAD) gains traction, buoyed by a rebound in crude Oil prices and broader macroeconomic factors.FX Street2025-04-22

USD/CAD stalls near 1.3850 as Fed controversy fuels further weakness

The USD/CAD pair is treading water near the 1.3850 zone on Tuesday, struggling to extend its rebound after printing a fresh six-month low closer to the 1.3800 handle. The broader US Dollar remains on the defensive following two weeks of heavy losses, pressured by political risks and speculation about Federal Reserve leadership changes.FX Street2025-04-22

USD/CAD flattens around 1.3850 as US Dollar looks for firm-footing

The USD/CAD pair trades flat around 1.3850 during North American trading hours on Tuesday. The Loonie pair turns sideways after posting a fresh six-month low near 1.3800 as the US Dollar (USD) looks for a cushion after having a downside run in the last two weeks.FX Street2025-04-22

USD/CAD dips below 1.38 remain well-supported – Scotiabank

The Canadian Dollar (CAD) is little changed on the session so far, reflecting a somewhat mixed trend in the USD overall, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-04-22

U.S. Dollar Rebounds On Bessent's Comments: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Treasury Secretary said that the tariff war with China was unsustainable.FXEmpire2025-04-22

USD/CAD Price Forecast: Declines to near 1.3800 as US Dollar nosedives

The USD/CAD pair slides to near 1.3800 in Monday's European session, the lowest level seen in six months. The Loonie pair slumps as the US Dollar (USD) underperforms its peers, with the Federal Reserve (Fed) under threat from United States (US) President Donald Trump.FX Street2025-04-21

USD/CAD price analysis: Dollar dips as political pressure mounts on the Fed

The USD/CAD pair continues to drift lower on Monday, trading near the 1.3800 level as the US Dollar remains on the defensive following a wave of political headlines. US President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell, accusing him of cutting rates for political reasons in late 2024.FX Street2025-04-21

U.S. Dollar Tests Multi-Year Lows As Trump Attacks Powell: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is under strong pressure as traders focus on Trump's threats to fire Powell.FXEmpire2025-04-21

GBP/CAD Price Forecast: Advance to 1.848 Amid USD Declines

Looking forward, some potentially high-impact UK economic data this week could impact the Pound to Canadian Dollar (GBP/CAD) exchange rate. On Wednesday we have the latest PMI surveys.ExchangeRates2025-04-21