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Today's Forex News

USD/CAD climbs above 1.4300, upside potential appears as Trump's tariff announcement looms

USD/CAD is trading around 1.4320 during Tuesday's Asian session, recovering after losses in the previous session. The risk-sensitive pair is gaining as traders remain cautious ahead of US President Donald Trump's scheduled tariff announcement on April 2.FX Street2025-03-25

USD/CAD declines below 1.4300 as US Dollar slumps on Trump tariff woes

The USD/CAD pair falls sharply to near 1.4280 in North American trading hours on Tuesday. The Loonie pair declines as the US Dollar (USD) falls back after failing to hold onto Monday's gains.FX Street2025-03-25

USD/CAD to tick down to 1.42 amid stretched short-CAD positioning – Danske Bank

In Canadian Dollar (CAD) FX space, the reaction to PM Carney's snap election, scheduled for April 28, has been quite muted so far, Danske Bank's FX analyst Jesper Fjärstedt reports.FX Street2025-03-25

USD/CAD Outlook: How Long Will Canadian Dollar's Neutrality Last?

USD/CAD has been showing neutral price action in the short term. Over the last five sessions, price fluctuations have barely reached a 0.5% variation, as the pair continues hovering around a key barrier near the 1.43289 level.Forexcom2025-03-25

U.S. Dollar Pulls Back As CB Consumer Confidence Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Dollar Index settled near the 104.00 level as traders reacted to economic reports.FXEmpire2025-03-25

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

U.S. Dollar Gains Ground As Composite PMI Beats Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Treasury yields moved higher, providing additional support to the American currency.FXEmpire2025-03-24

Pound to Canadian Dollar Week Ahead Forecast: Canada GDP Ahead

Last week, the Pound (GBP) rose against most of its major counterparts after the Bank of England's interest rate decision on Thursday. As expected, the central bank kept the interest rate unchanged during its March meeting, with 8 out of 9 Monetary Policy Committee (MPC) members voting to maintain the current rate.ExchangeRates2025-03-24

USD/CAD edges higher to near 1.4350 amid weakening investor sentiment

USD/CAD attempts to recover from recent losses, trading around 1.4330 during Asian hours on Friday. The pair may find support as the US Dollar (USD) strengthens on safe-haven demand amid rising global trade tensions driven by US tariff policies.FX Street2025-03-21

USD/CAD Price Forecast: Trades sideways above 1.4300

The USD/CAD pair ticks higher to near 1.4330 in European trading hours on Friday but remains inside Thursday's trading range. The Loonie pair is marginally higher even though the US Dollar (USD) trades strongly, suggesting the Canadian Dollar (CAD) also trades firmly.FX Street2025-03-21

USD Rebounds: What's Next for EURUSD & USDCAD?

EURUSD, USDCAD Forecast: DXY's bearish momentum found key support, pushing EURUSD and USDCAD to critical levels ahead of potential long-term reversals.Forexcom2025-03-21

U.S. Dollar Moves Higher Ahead Of The Weekend: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar stays strong as traders bet on a rebound from multi-month lows.FXEmpire2025-03-21

CAD consolidates after USD's failure to holds 1.44 test – Scotiabank

The Canadian Dollar (CAD) is little changed on the session, Scotiabank's Chief FX Strategist Shaun Osborne notes. FX Street2025-03-21

USD/CAD is in its consolidation phase – BBH

USD/CAD is consolidating around 1.4330, BBH FX analysts report. FX Street2025-03-21

USD/CAD jumps to near 1.4370 as Fed is in no hurry to cut interest rates

The USD/CAD pair gains sharply to near 1.4370 in European trading hours on Thursday. The Loonie pair moves higher as the US Dollar (USD) strengthens after the Federal Reserve (Fed) expressed that it is in no hurry to cut interest rates.FX Street2025-03-20

U.S. Dollar Continues To Rebound From Multi-Month Lows: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving higher as traders focus on economic data and evaluate Powell's comments.FXEmpire2025-03-20

Canadian Dollar Forecast: USD/CAD Builds Bull Pennant into Tariffs

USD/CAD is continuing to digest following the massive start to 2025 trade. At this point it can be qualified as a bull pennant formation, as we have a symmetrical triangle taking place atop a bullish trend.Forexcom2025-03-20

USD/CAD moves away from two-week low set on Tuesday, retakes 1.4300 ahead of Fed

The USD/CAD pair is seen building on the overnight bounce from the 1.4260 area, or a nearly two-week low, and gaining some follow-through positive traction for the second straight day on Wednesday. Spot prices climb back above the 1.4300 mark during the Asian session, though the upside seems limited as traders might opt to wait for the outcome of the highly-anticipated FOMC policy meeting.FX Street2025-03-19

U.S. Dollar Gains Ground Ahead Of Fed Decision: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar gained upside momentum as traders prepared for the key event of the week.FXEmpire2025-03-19

USD/CAD Price Forecast: Holds key 1.4300 level ahead of Fed's monetary policy decision

The USD/CAD pair rises to near 1.4330 in European trading hours on Wednesday. The Loonie pair gains as the US Dollar (USD) rebounds ahead of the Federal Reserve's (Fed) monetary policy decision at 18:00 GMT.FX Street2025-03-19

USD/CAD holds high above 1.4247 – ING

USD/CAD holds high above 1.4247 – INGFX Street2025-03-19

USD/CAD: Further uptrend above 1.4550 – Société Générale

USD/CAD: Further uptrend above 1.4550 – Société GénéraleFX Street2025-03-18

USD/CAD Price Forecast: Falls toward 1.4250 after breaking below a crucial support zone

USD/CAD continues its losing streak for the third successive session, trading near 1.4290 during European hours on Tuesday. Technical analysis on the daily chart indicates a breakdown below an ascending channel pattern, signaling a shift toward bearish sentiment.FX Street2025-03-18

EUR/CAD Price Forecast: Tests 1.5700 support near nine-day EMA

EUR/CAD edges higher after two days of gains, trading near 1.5640 during European hours on Tuesday. Technical analysis on the daily chart points to the weakening of a bullish bias, with the currency cross positioning below the ascending channel pattern.FX Street2025-03-18

U.S. Dollar Is Flat As Traders React To Housing Market Data: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders are cautious ahead of Fed decision, which will be released tomorrow.FXEmpire2025-03-18

USD/CAD trades cautiously below 1.4300 after hotter-than-expected Canadian inflation report

The USD/CAD pair struggles to hold the key support of 1.4270 in the North American session on Tuesday. The Loonie pair faces selling pressure after the release of the Canadian Consumer Price Index (CPI) report for February, which showed that price pressures accelerated at a faster-than-expected pace.FX Street2025-03-18

USD/CAD Price Forecast: Trades cautiously near 1.4350 as Fed policy takes centre stage

The USD/CAD pair struggles to gain ground near the three-day low of 1.4360 in European trading hours on Monday. The Loonie pair trades with caution as the US Dollar (USD) faces selling pressure ahead of the Federal Reserve's (Fed) monetary policy decision Wednesday.FX Street2025-03-17

U.S. Dollar Retreats As Retail Sales Miss Expectations: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving lower as traders react to economic reports.FXEmpire2025-03-17

Canadian Dollar Forecast: USD/CAD Coils Ahead of Reciprocal Trump Tariffs

USD/CAD still trades within the February range as it failed to clear the monthly high (1.4543) during the previous week, but the ongoing shift in US trade policy may continue to sway the exchange rate with President Donald Trump on track to impose reciprocal tariffs on April 2.Forexcom2025-03-17

Pound Canadian Dollar Forecast: GBP/CAD Whipsaws amid US-Canada Trade Tensions

At the time of writing, GBP/CAD traded at CA$1.8659, up roughly 0.5% from the start of the week. The Canadian Dollar (CAD) started last week on the back foot amid growing concerns about the economic impact of a US-Canada trade war.ExchangeRates2025-03-17

USD/CAD Price Forecast: Remains depressed around 1.4430-1.4425; downside seems limited

The USD/CAD pair struggles to capitalize on the previous day's positive move and trades with a mild negative bias during the Asian session on Friday. Spot prices, however, manage to hold above the 1.4400 mark amid a modest US Dollar (USD) uptick, though the upside seems capped amid some positive news coming out of the US-Canada trade talks on Thursday.FX Street2025-03-14

U.S. Dollar Pulls Back As Michigan Consumer Sentiment Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving lower as traders bet on dovish Fed after the release of weak consumer sentiment data.FXEmpire2025-03-14

USD/CAD: BOC cuts the policy 25bps to 2.75% – BBH

The Bank of Canada (BOC) delivered on expectations yesterday and cut the policy 25bps to 2.75%. The BOC warned that the pervasive uncertainty created by continuously changing US tariff threats is restraining consumers' spending intentions and businesses' plans to hire and invest, BBH FX analysts report.FX Street2025-03-13

USD/CAD trades cautiously near 1.4360 despite US Dollar gets temporary relief

The USD/CAD pair trades with caution around 1.4360 in Thursday's European session. The Loonie pair faces mild pressure even though the US Dollar has gotten temporary relief after refreshing the four-month low, indicating some strength in the Canadian Dollar (CAD).FX Street2025-03-13

USD/CAD Price Forecast: Advances to 1.4400 neighborhood; lacks bullish conviction

The USD/CAD pair attracts some dip-buyers in the vicinity of mid-1.4300s during the Asian session on Thursday and reverses a part of the previous day's losses. Spot prices climb to the 1.4400 neighborhood in the last hour, though a combination of factors might keep a lid on any meaningful upside.FX Street2025-03-13

USD/CAD to trend down towards the 1.41 level in the short-term – Danske Bank

As widely expected, BoC delivered a 25bp rate cut, bringing its policy rate to 2.75%, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report. FX Street2025-03-13

U.S. Dollar Gains Ground After PPI Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar continues to rebound from multi-month lows.FXEmpire2025-03-13

USD/CAD Update: The Canadian Dollar Weakens After the BOC Decision

The USD/CAD maintains a slightly bullish bias, accumulating a gain of over 0.7% in the last five sessions, favoring the U.S. dollar.Forexcom2025-03-13

USD/CAD can move towards 1.4240 and 1.4150 – Société Générale

USD/CAD broke out from its multiyear range and experienced an extended uptrend, Société Générale's FX analysts note. FX Street2025-03-12

USD/CAD Price Forecast: Remains below 1.4450 near immediate support at nine-day EMA

USD/CAD retraces its recent losses, trading around 1.4440 during the European hours on Wednesday. Technical analysis on the daily chart suggests the pair remains within an ascending channel pattern, suggesting a bullish bias.FX Street2025-03-12

Canadian Dollar Forecast: USD/CAD Dips on BOC, Latest Tariff Drama

USD/CAD has reversed off yesterday's highs to trade back in the middle of its late-December through January range in the 1.4300-1.4500 zone on the BOC rate cut and latest tariff headlines.Forexcom2025-03-12

USD/CAD gauges temporary support near 1.4400 after US CPI, BoC's policy decision

The USD/CAD pair looks for temporary support near the key level of 1.4400 during North American trading hours on Wednesday after the release of the United States (US) Consumer Price Index (CPI) data for February and the Bank of Canada's (BoC) interest rate decision.FX Street2025-03-12

USD/CAD to tick down to 1.41 in the near term – Danske Bank

Today, focus in CAD FX space turns to the BoC meeting at 14:45 CET - where markets and consensus favour a 25bp rate cut, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report. FX Street2025-03-12

AUD/USD rises, EUR/USD, USD/CAD dip, US dollar selloff loses steam

An combination of extended moves, tariff fatigue and a refreshing set of softer CPI figures helped appetite for risk peel itself from the ropes it had been pinned to in recent weeks. And that helped AUD/USD rise for a second day and USD/CAD fall below resistance, while EUR/USD bulls paused for breath around a key high.Forexcom2025-03-12

U.S. Dollar Is Mostly Flat After Inflation Data: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is stuck near recent lows as Inflation Rate dropped to 2.8%.FXEmpire2025-03-12

Pound Canadian Dollar Exchange Rate News: GBP/CAD Subdued despite BoC Rate Cut

The Canadian Dollar (CAD) was subdued on Wednesday as investors awaited the Bank of Canada's interest rate decision. Meanwhile, tariff tensions and wavering oil prices also confined CAD to a narrow range.ExchangeRates2025-03-12

USD/CAD remains below 1.4450 amid recession fears in the United States

USD/CAD holds losses after two days of gains, trading around 1.4440 during the Asian hours on Tuesday. The pair loses ground as the US Dollar (USD) struggles amid concerns that tariff policy uncertainty could push the US economy into recession.FX Street2025-03-11

U.S. Dollar Retreats As Trump Raises Tariffs On Canada's Steel and Aluminum: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Tariff uncertainty continues to put pressure on the American currency.FXEmpire2025-03-11

USD/CAD Price Forecast: Trades lower amid caution ahead of BoC monetary policy meeting

The USD/CAD pair declines to near 1.4400 in European trading hours on Tuesday after correcting from the four-day high of 1.4470 posted on Monday. The Loonie pair weakens as the US Dollar (USD) underperforms across the board amid fears that the United States (US) could face economic turbulence in the near term due to President Donald Trump's ‘America First' policies.FX Street2025-03-11

Pound to Canadian Dollar Surges as Trump Inflicts Further Pain on Canada

After Tuesday's New York open, President Trump announced a further trade sanction on Canada with the tariffs on steel and aluminium imports doubled to 50% from 25%. The Canadian dollar was hit again global markets with the Pound to Canadian dollar (GBP/CAD) exchange rate jumping to fresh 8-year highs around 1.8780.ExchangeRates2025-03-11

USD/CAD forecast: signal ahead of BOC decision, US inflation data

The USD/CAD exchange rate rose slightly after the latest Liberal Party election in which Mark Carney won to replace Justin Trudeau. It also rose ahead of the upcoming Bank of Canada (BoC) decision and the US consumer inflation data.Invezz2025-03-10

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

Falling Treasury yields did not put pressure on the American currency.FXEmpire2025-03-10

CAD steady versus USD – Scotiabank

The Canadian Dollar (CAD) is little changed over the weekend vs the US Dollar (USD). It remains to be seen what Mark Carney's win in the Liberal leadership election means for Canada and markets.FX Street2025-03-10

USD/CAD to tick down to 1.41 – Danske Bank

For CAD FX, all eyes will be on Wednesday, with the BoC meeting at 14:45 CET, where markets and consensus favour a 25bp rate cut, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report. FX Street2025-03-10

USD/CAD trades sideways below 1.4400, BoC policy in focus

USD/CAD trades sideways below 1.4400, BoC policy in focusFX Street2025-03-10

Pound to Canadian Dollar Exchange Rate Week Ahead Forecast: Multi-Year Best

The Pound Canadian Dollar (GBP/CAD) exchange rate skyrocketed last week as the introduction of Trump's tariffs underpinned the currency pairing. At the time of writing GBP/CAD traded at around CA$1.8543, up roughly 0.6% from Friday's opening rate.ExchangeRates2025-03-10