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Home›Forex›Major Pairs›Canadian dollar steadies as US dollar loses steam

Canadian dollar steadies as US dollar loses steam

USD/CAD was last around 1.4240, after topping 1.4293 earlier in the session.

Reported · Written up by our desk · Major Pairs

The Canadian dollar trimmed earlier losses on Monday as the US dollar eased from multi month highs against most peers, FXStreet reports.

The USD/CAD pair was around 1.4240 at US session open, after reaching 1.4293 earlier in the day, its highest level since March 2025.

FXStreet also links the move to currency swings driven by turmoil in global bond markets, with concerns about higher global yields weighing on risk appetite.

In the US, traders are looking to the ISM Services Purchasing Managers Index report scheduled for 14:00 GMT, with the outlet noting the headline figure is expected to reflect momentum in the services sector.

← Newer storyDollar firms against most major currencies as ISM services nears

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Sources

FXStreetCanadian Dollar bounces up as US Dollar loses steam with services PMIs in focus

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