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Today's Forex News

USD/CAD sticks to modest intraday gains above 1.3800 ahead of US PCE data

The USD/CAD pair regains positive traction on Friday and reverses a part of the previous day's retracement slide from the 1.3860 area, or a one-week high. Spot prices stick to modest intraday gains around the 1.3815 region heading into the European session as traders keenly await the release of the crucial US Personal Consumption Expenditure (PCE) Price Index.FX Street2025-05-30

U.S. Dollar Moves Higher As Traders React To PCE Price Index: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency gained some ground as traders focused on economic reports.FXEmpire2025-05-30

USD/CAD consolidates within previous ranges, with 1.3835 holding bulls

The US Dollar is clinging to minor gains on Friday, with price action wavering within previous day's ranges and the 4-hour RSI flat around the 50 level, which signals a lack of clear bias. The Dollar whipsawed on Thursday before closing the day with a 0.2% decline, as a federal court paused a previous sentence from a lower court blocking most of the trade tariffs introduced by the US President Trump on April 2.FX Street2025-05-30

Additional News:



Currency Exchange Churchill - FAQ

Currency exchange in Churchill 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.

Churchill is a town in northern Manitoba, Canada, on the west shore of Hudson Bay, roughly 110 kilometres (68 miles) from the Manitoba–Nunavut border. It is most famous for the many polar bears that move toward the shore from inland in the autumn, leading to the nickname "Polar Bear Capital of the World" that has helped its growing tourism industry.

A variety of nomadic Arctic people lived and hunted in this region. The Thule people arrived around the year 1000 from the west, the ancestors of the present-day Inuit. The Dene people arrived around the year 500 from farther north.[citation needed] Since before the time of European contact, the region around Churchill has been predominantly inhabited by the Chipewyan and Cree natives.[citation needed]Europeans first arrived in the area in 1619 when a Danish expedition led by Jens Munk wintered near where Churchill would later stand. Only 3 of 64 expedition members survived the winter and sailed one of the expedition's two ships, the sloop Lamprey, back to Denmark.[4] Danish archaeologists in 1964 discovered remains of the abandoned ship, the Unicorn (a frigate), in the tidal flats some kilometres from the mouth of the river.[5] The discoveries were all taken to Denmark; some are on display at the National Museum in Copenhagen. After an abortive attempt in 1688–89, in 1717 the Hudson's Bay Company built the first permanent settlement, Churchill River Post, a log fort a few kilometres upstream from the mouth of the Churchill River. The trading post and river were named after John Churchill, 1st Duke of Marlborough (an ancestor of Winston Churchill), who was governor of the Hudson's Bay Company in the late 17th century. The fort was built mostly to capitalize on the North American fur trade, out of the reach of York Factory. It dealt mainly with the Chipewyan natives living north of the boreal forest. Much of the fur came from as far away as Lake Athabasca and the Rocky Mountains.

Tourism and ecotourism are major contributors to the local economy, with the polar bear season (October and November) being the largest. Tourists also visit to watch beluga whales in the Churchill River in June and July. The area is also popular for birdwatchers and to view the aurora borealis.[citation needed]The Port of Churchill is the terminus for the Hudson Bay Railway operated by the Arctic Gateway Group. The port facilities handle shipments of grain and other commodities around the world. The Churchill Northern Studies Centre also attracts visitors and academics from around the world interested in sub-Arctic and Arctic research. The town also has a health centre, several hotels, tour operators, and restaurants, to serve locals and visitors.

Historical Forex News

USD/CAD trades near 1.3800 after pulling back from weekly highs as Oil prices rise

USD/CAD loses ground after registering gains in the previous two consecutive sessions, trading around 1.3820 during the European hours on Thursday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) receives support from improved crude Oil prices.FX Street2025-05-29

U.S. Dollar Dives From Session Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders react to the decision of the U.S. Court of International Trade to block tariffs.FXEmpire2025-05-29

USD/CAD retreats from highs, approaching 1.3800 ahead of the US GDP release

The US Dollar has given away all the ground taken after the court ruling against US trade tariffs, and is trading with moderate losses ahead of the US Session opening, as the Canadian Dollar draws support from the rebound in Oil prices. A US federal court ruled on Wednesday that the US Congress has the exclusive authority to regulate international trade, and ordered the US administration to reverse all tariffs imposed after the April 2 “Liberation Day”.FX Street2025-05-29

USD/CAD extends gains above 1.3800 with all eyes on the FOMC minutes

The US Dollar is showing a moderate advance on Wednesday, extending gains after Tuesday's rebound. Upbeat US Consumer Confidence data and easing fears about trade wars are supporting the Greenback, with the release of the Fed minutes on focus.FX Street2025-05-28

USD/CAD climbs to fresh weekly top, closer to mid-1.3800s ahead of FOMC minutes

The USD/CAD pair is seen prolonging this week's goodish recovery move from the 1.3685 area, or its lowest level since October 2024, for the third consecutive day on Wednesday. Spot prices currently trade near the weekly top, around the 1.3835-1.3840 region, up nearly 0.30% for the day amid some follow-through US Dollar (USD) buying.FX Street2025-05-28

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

U.S. Dollar Index is moving towards the psychologically important 100.00 level.FXEmpire2025-05-28

USD/CAD edges higher ahead of FOMC Minutes, with the interest rate outlook in focus

The Canadian Dollar (CAD) is trading modestly lower against the US Dollar (USD) on Wednesday, with investors awaiting the release of the Federal Open Market Committee (FOMC) Meeting Minutes at 18:00 GMT.FX Street2025-05-28

USD/CAD rises to near 1.3760 as US Dollar gains ground

The USD/CAD pair gains to near 1.3760 during European trading hours on Tuesday. The Loonie pair rises as the US Dollar (USD) gains ground due to de-escalating trade tensions between the European Union (EU) and the United States (US).FX Street2025-05-27

USD/CAD bounces up from seven-month lows and approaches a previous support at 1.3760

The US Dollar is showing marginal gains ahead of Tuesday's European session opening. The USD/CAD is returning from the seven-month low hit on Monday, and nearing a previous support area in the 1.3750-1.3765 range, where bulls are likely to be challenged.FX Street2025-05-27

EUR/CAD hesitates above 1.5600 with higher Oil prices supporting the loonie

The Euro is trading without a clear direction, as the enthusiasm of the delay on Trump's 50% tariffs wears out, while the moderate rebound on Oil prices is providing some support to the loonie. The pair has been losing momentum after hitting one-month highs, right above 1.5750 last week, yet with downside attempts contained above 1.5880 so far.FX Street2025-05-27

Pound to Canadian Dollar Forecast: CAD Advance Likely Next Few Weeks

Looking ahead to this week, the Pound Canadian Dollar exchange rate (GBP/CAD) will likely trade without a clear direction for the majority of the week, amid a data-light UK and Canadian economic calendar. The only data release of note for the Canadian Dollar is the country's latest GDP reading, scheduled for release on Friday.ExchangeRates2025-05-27

U.S. Dollar Rebounds As CB Consumer Confidence Beats Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency managed to move away from multi-week lows.FXEmpire2025-05-27

USD/CAD: Minor USD rebounds are liable to attract renewed selling interest – Scotiabank

The Canadian Dollar (CAD) has slipped back amid the broader rebound in the USD vs US Dollar (USD). USD gains have taken funds back to the mid/upper 1.37s and largely reflect the rebound in the USD rather than any CAD-negative development, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-05-27

USD/CAD falls to near 1.3700 as traders expect BoC to hold rates in June

USD/CAD continues its losing streak that began on May 19, trading around 1.3710 during the early European hours on Monday. The Canadian Dollar (CAD) appreciates against the US Dollar (USD) as domestic retail sales rose for a second straight month in April, indicating strength in consumer sentiment despite an aggressive trade war between the United States (US) and Canada.FX Street2025-05-26

GBP/USD Rallies While USD/CAD Declines Steadily

On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.3350 level. The British Pound started a steady increase above the 1.3450 resistance zone against the US Dollar, as discussed in the previous analysis.Action Forex2025-05-26

U.S. Dollar Rebounds From Session Lows As Trump Delays Tariffs On EU: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

President Trump delayed 50% tariffs on the European Union until July 9.FXEmpire2025-05-26

USD/CAD holds steady above 1.3700 as trade tension eases amid holiday-thinned trading

The Canadian Dollar (CAD) gives back some of the initial gains against the US Dollar (USD) at the early American session on Monday, with the USD/CAD pair trading around 1.3720 at the time of writing after hiting a daily low of 1.3686 earlier in the day as follow-through selling faded on the signs of easing trade tensions between the United States (US) and the European Union (EU).FX Street2025-05-26

EUR/CAD steadies as EU tariff delays and robust Canadian data drive mixed momentum

The Euro (EUR) is firming against the Canadian Dollar (CAD) on Monday, bolstered by easing trade tensions after the United States announced a delay in implementing new tariffs on European imports.FX Street2025-05-26

Canadian Dollar Forecast: USD/CAD Extends Bearish Bias as BoC Decision Approaches

Over the past five trading sessions, USD/CAD has depreciated by nearly 1.5% in favor of the Canadian dollar, mainly due to growing market expectations surrounding the upcoming Bank of Canada (BoC) rate decision, along with the recent weakness of the U.S. dollar.Forexcom2025-05-26

USD/CAD slides to 1.3825 area, back closer to two-week low on weaker USD

The USD/CAD pair attracts fresh sellers following the previous day's brief pause and slides to the 1.3825 area during the Asian session on Friday. Spot prices remain close to a two-week low touched on Wednesday and seem vulnerable to weaken further amid a broadly weaker US Dollar (USD).FX Street2025-05-23

USD/CAD Rate Drops Towards Yearly Lows

The USD/CAD chart is currently showing clear signs of a bearish trend, characterised by a sequence of lower highs and lower lows (A→B→C→D→E→F→G).Action Forex2025-05-23

USD/CAD tumbles to two-week low after five-day sell-off

USD/CAD tumbles to two-week low after five-day sell-offFX Street2025-05-23

Dollar Index pressured, now testing key 99.00 level: Analysis for EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar faces pressure as DXY tests 99.00, while EUR, GBP, CAD, and JPY respond to tariffs, inflation data, and rate bets in a volatile FX week.FXEmpire2025-05-23

USD/CAD trades with negative bias around mid-1.3800s, just above two-week low

The USD/CAD pair struggles to capitalize on the overnight bounce from the 1.3815-1.3810 region, or a two-week low, and trades with a negative bias for the fourth consecutive day on Thursday. Spot prices trade around mid-1.3800s during the Asian session and seem vulnerable to extend the weekly downtrend.FX Street2025-05-22

GBP/CAD Forecast: Pound Muted vs Loonie Dollar Despite Soaring UK CPI

As we move towards Thursday, the Pound Canadian Dollar exchange rate will likely be driven by the publication of the UK's latest S&P Global PMIs for May. Both the manufacturing and servicers indices are forecast to tick up this month, with the UK's all-important services sector expected to climb back to expansion territory (a reading.ExchangeRates2025-05-22

USD/CAD holds ground, weak Canadian data caps losses

USD/CAD holds ground, weak Canadian data caps lossesFX Street2025-05-22

U.S. Dollar Rebounds Modestly on Legislative Progress: Analysis for EUR/USD, GBP/USD, USD/CAD, USD/JPY

The U.S. dollar recovers modestly after tax bill progress, but DXY remains under pressure as fiscal concerns and bond market weakness dominate the outlook.FXEmpire2025-05-22

USD/CAD weakens further below 1.3900 amid bearish USD, rising Oil prices

The USD/CAD pair extends the previous day's breakdown momentum below a one-week-old trading range and attracts sellers for the third successive day on Wednesday. This also marks the fourth day of a negative move in the previous four and drags spot prices below the 1.3900 mark, or a nearly two-week low during the Asian session.FX Street2025-05-21

Canadian Dollar Forecast: USD/CAD Rejected at Key Resistance

USD/CAD is threatening to snap a two-week winning streak with price reversing sharply off technical resistance. Battle lines drawn on the Canadian Dollar weekly chart.Forexcom2025-05-21

CAD gets a mild tailwind from narrower spreads after CPI to press gains on USD – Scotiabank

Yesterday's hotter than expected April CPI data served to dampen expectations of a June BoC rate cut, putting some moderate, downward pressure on US/Canada interest rate spreads, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-05-21

DXY Slips Below 100 as Political Gridlock and Risk Aversion Weigh: Analysis for EUR/USD, GBP/USD, USD/CAD, USD/JPY

DXY falls below 100 as Trump's tax bill fuels fiscal concerns. EUR, GBP, JPY, and CAD gain on weaker USD outlook and rising global yield appeal.FXEmpire2025-05-21

USD/CAD flat lines around mid-1.3900s; looks to Canadian inflation data for fresh impetus

The USD/CAD pair extends its sideways consolidative price move heading into the European session on Tuesday and currently trades around mid-1.3900s, nearly unchanged for the day. Moreover, the mixed fundamental backdrop warrants some caution before placing aggressive directional bets.FX Street2025-05-20

Dollar Slips on Moody's Downgrade, Fed Caution, and Japan Talks:: Analysis for EUR/USD, GBP/USD, USD/CAD, USD/JPY

DXY drops to 100.23 as Moody's U.S. downgrade and dovish Fed remarks weigh on investor sentiment and market confidenceFXEmpire2025-05-20

USD/CAD holds steady despite Canada's mixed CPI print

USD/CAD is trading in a tight range in the early hours of the US session as markets react to Canada's latest Consumer Price Index (CPI) data and shift focus to Wednesday's US House of Representatives vote on President Donald Trump's proposed tax bill.FX Street2025-05-20

USD Price Action Setups: GBP/USD, USD/JPY, USD/CAD, Gold

The USD has continued to soften from the 102 resistance that came into play last week, but from the daily chart bulls still have a chance as they've put up a fight to support prior resistance.Forexcom2025-05-20

Canadian Dollar Forecast: USD/CAD Falls amid Sticky Canada Inflation

USD/CAD attempts to extend the decline from the start of the week as Canada's CPI prints at 1.7% in April versus forecasts for a 1.6% reading.Forexcom2025-05-20

USD/CAD Price Forecast: Test initial support near 1.3950, followed by nine-day EMA

The USD/CAD pair is losing ground after registering gains in the previous session, trading around 1.3950 during the European hours on Monday. The daily chart's technical analysis suggested a sustained bullish sentiment, as the pair continues to trade within the ascending channel pattern.FX Street2025-05-19

Canadian Dollar Forecast: USD/CAD Fight at 1.4000

USD/CAD retains bearish structure even as the USD rally advanced again last week. The big question now is whether sellers can hold it below the 1.4000 big figure.Forexcom2025-05-19

Pound to Canadian Dollar Forecast for Week Ahead: 1.8404 by June 2025

Looking ahead to this week, the Pound Canadian Dollar exchange rate (GBP/CAD) will likely experience further headwinds amid a data-heavy calendar for both countries. Looking at the Canadian Dollar, Canada will release its latest inflation reading on Tuesday and retail sales index on Friday.ExchangeRates2025-05-19

USD/CAD Price Forecast: Extends the range play below 200-day SMA, 1.4000 mark

The USD/CAD pair attracts some sellers for the second straight day on Friday, though it remains confined in a range held since the beginning of this week. Spot prices currently trade just below mid-1.3900s, down over 0.10% for the day amid a combination of negative factors.FX Street2025-05-16

U.S. Dollar Gains Ground As Trump Comments On Tariffs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Rising inflation expectations provided additional support to the American currency.FXEmpire2025-05-16

USD/CAD extends consolidation ahead of US Consumer Sentiment data

USD/CAD extends consolidation ahead of US Consumer Sentiment dataFX Street2025-05-16

GBP/USD, USD/CAD Outlook: Another Leg Higher for Currencies Against the USD?

GBPUSD, USDCAD Outlook: This week, the U.S. dollar lost bullish momentum, pushing both USDCAD and GBPUSD toward their respective 2025 extremes. With GBPUSD holding above 1.33 and USDCAD approaching 1.38, upcoming key events will be closely watched to reassess the market narrative.Forexcom2025-05-16

USD/CAD Price Forecast: Remains below 1.4000 confluence hurdle ahead of US PPI, Fed's Powell

The USD/CAD pair struggles to capitalize on the previous day's goodish rebound from the 1.3900 mark and attracts fresh sellers during the Asian session on Thursday. Spot prices, however, lack bearish conviction and currently trade around the 1.3865 area, down less than 0.10% for the day.FX Street2025-05-15

USD/CAD rebounds toward 1.4000 as crude Oil weakness weighs on Canadian Dollar

USD/CAD stabilized around 1.3980 during Thursday's European trading hours, recovering earlier losses as the Canadian Dollar (CAD) came under pressure due to declining crude Oil prices . Given Canada's status as the largest Oil exporter to the United States (US), falling Oil prices often dampen CAD sentiment.FX Street2025-05-15

GBP/CAD FX Outlook: Pound Firms vs Loonie Dollar amid Declining Oil Prices

As we move towards Thursday, the Pound Canadian Dollar exchange rate will likely be driven by the release of some high impact economic data from the UK. The UK will release its preliminary GDP reading for the first quarter of the year, which is forecast to show a rise from 0.1% to 0.6% quarter to quarter.ExchangeRates2025-05-15

U.S. Dollar Retreats As Producer Prices Fall: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency moved lower as traders reacted to economic reports.FXEmpire2025-05-15

USD/CAD edges up to near 1.4000 even as US Dollar underperforms

The USD/CAD pair ticks up to near the psychological level of 1.4000 during North American trading hours on Thursday. The Loonie pair trades higher despite the US Dollar (USD) trading lower following the release of the United States (US) Producer Price Index (PPI) data for April.FX Street2025-05-15