Kantor Currency Exchange

10/12/2026

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10/09/2026

The CAD/USD is opening at 1.4236 (0.7024) as markets await Canada’s September employment report. USD/CAD maintains a bullish outlook, trading above its 100-day moving average and Bollinger middle band. Key support levels stand at 1.4125, 1.4015 and 1.3895, while resistance remains near 1.4355. Meanwhile, concerns over AI spending intensified after reports suggested OpenAI’s revenue fell short of earlier estimates, triggering a technology stock selloff. US jobless claims dropped to 197,000, reinforcing labour market strength, while Fed officials signalled further rate hikes may be necessary. Hurricane Isaias disrupted offshore oil production, adding supply concerns. Gold rebounded, oil eased and US Treasury yields declined. The USD weakened overall, while the Japanese yen faced additional pressure. Investors now await US consumer sentiment data and next week’s inflation report for further market direction.

10/09/2026

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10/08/2026

The CAD/USD is opening at 1.4258 (0.7014).

The USD remains near an 18-month high, supported by the Fed’s hawkish stance, elevated bond yields and geopolitical uncertainty. Meanwhile, rising oil prices amid Middle East tensions support the CAD and limit USD/CAD gains. September FOMC minutes confirmed a unanimous 25-basis-point rate hike, with most officials expecting another increase before year-end, although no immediate action is anticipated. US 30-year mortgage rates climbed to 7.49%, their highest since November 2023, while mortgage applications fell 4.2%. Inflation expectations rose to 3.9% from 3.6%. Wall Street ended its winning streak, while cryptocurrencies declined. Supply risks supported oil and copper prices, and gold rebounded after testing key support. US long-term bond yields eased following recent highs, while French debt concerns resurfaced. In currency markets, the JPY remained weak, while EUR losses moderated.

10/07/2026

USD/CAD opens at 1.4229 (CAD/USD 0.7028), as the US dollar strengthens ahead of today’s FOMC minutes, with investors watching for clues on a potential rate hike. The pair remains bullish above its 100-day SMA, with resistance at 1.4355 and support at 1.4085 and 1.4005. Meanwhile, the US trade deficit widened 13.7% to $105.6 billion in August, exceeding forecasts. US retail sales rose 8.6% year over year, while concerns over America’s debt burden persist. Ray Dalio warned that China and Japan could reduce Treasury holdings. In Europe, Marine Le Pen proposed €140 billion in fiscal savings, helping French bonds rally. Japan’s real wages rose 1.5%, marking eight consecutive months of growth. Oil markets face renewed pressure as tanker shortages disrupt Gulf shipments, with warnings of prices reaching $200 per barrel. Wall Street extended its record rally, while cryptocurrencies declined and gold struggled for direction.

07/04/2017

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