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Canadian Dollar to US Dollar (CAD/USD) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: October 10, 2024 (3:20)
Reverse forecast: USD to CAD
Canadian Dollar / US Dollar price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 Canadian Dollar (CAD) to US Dollar (USD) | 72.8 | 73.2 | 72.1 | |
| 200 Canadian Dollar (CAD) to US Dollar (USD) | 145.6 | 146.4 | 144.2 | |
| 500 Canadian Dollar (CAD) to US Dollar (USD) | 364 | 366.1 | 360.4 | |
| 1000 Canadian Dollar (CAD) to US Dollar (USD) | 728 | 732.2 | 720.9 | |
| 3000 Canadian Dollar (CAD) to US Dollar (USD) | 2183.9 | 2196.6 | 2162.6 |
How much will the CAD/USD currency pair cost in 2024, 2025 and 2026? What is the forecast for the CAD/USD currency pair? What is the target price of the Canadian Dollar / US Dollar currency pair for 2024-2026?
We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the Canadian Dollar rise or fall against the US Dollar?
Identifying the trend of the CAD/USD currency pair
The recent announcement of blockchain savings bonds by Palau indicates a localized economic move that is unlikely to directly impact the CADUSD exchange rates. The initiative serves more as a method for regional financial innovation rather than a driver for significant currency fluctuations.
Walmart's continued stock growth signals robustness within the U.S. retail market, which could ripple positively into the North American economy and foster investor confidence, providing marginal support to the USD against the CAD.
Meanwhile, the EUR/USD remains at a seven-week low due to anticipated Federal Reserve rate adjustments. This scenario creates an environment of stability for USD exchange rates including CADUSD, barring unexpected economic shocks.
The integration of Alchemy Pay with Samsung Pay reflects increasing cryptocurrency adoption; however, its immediate impact on CADUSD is neutral. Long-term effects may surface as digital currencies increasingly weave into mainstream finance.
Finally, despite China's halt on stimulus policies and Bitcoin's potential capital gains, the direct influence on CADUSD is limited. For stakeholders, it's crucial to monitor these dynamics as they could subtly alter currency valuations over time.
CAD Trend Prediction
As of now, Panda has analyzed 3 news pieces concerning the CAD currency. The average relevance score for these news items is 0.34 (with the closer to 1 being more relevant).|
2024-09-25
|
Bullish | Impact: 0.4 | News: 1 (1/0/0) |
|
2024-09-20
|
Bullish | Impact: 0.17 | News: 1 (1/0/0) |
|
2024-09-19
|
Neutral | Impact: 0.14 | News: 1 (0/1/0) |
AU Small Finance Bank Attracts NRIs with Up to 6.30% on FCNR (B) Deposits
September 25, 2024 (12:09)
Trend: Bullish
Influence: 0.4
The offering of competitive interest rates on foreign currency deposits by AU Small Finance Bank may attract more foreign funds into Indian banks, leading to a potential appreciation of associated currencies such as the CAD. This bullish sentiment suggests a positive impact on the CAD exchange rate as investors might find better return prospects through foreign currency deposits like those offered by AU Small Finance Bank.
Bank of Canada Prioritizes Payment Regulation Over Retail CBDC Launch
September 20, 2024 (21:55)
Trend: Somewhat-Bullish
Influence: 0.17
The Bank of Canada's decision to focus on payment regulation and speed without a retail CBDC suggests a stable and cautious approach, which supports investor confidence and strengthens the CAD. This strategic shift is perceived positively, reflecting in the somewhat bullish sentiment towards the Canadian dollar.
USD Trend Forecasting
Regarding the USD currency, 271 news pieces were analyzed. The average relevance of these news items is 0.31 (the closer to 1, the higher).|
2024-10-08
|
Neutral | Impact: 0.03 | News: 6 (0/6/0) |
|
2024-10-07
|
Bullish | Impact: 0.11 | News: 5 (3/1/1) |
|
2024-10-06
|
Neutral | Impact: -0.01 | News: 2 (0/2/0) |
|
2024-10-04
|
Neutral | Impact: 0.04 | News: 10 (3/6/1) |
|
2024-10-03
|
Neutral | Impact: 0.07 | News: 8 (2/6/0) |
|
2024-10-02
|
Neutral | Impact: -0.11 | News: 5 (0/3/2) |
|
2024-10-01
|
Neutral | Impact: 0.09 | News: 6 (2/4/0) |
Palau and Soramitsu Launch Blockchain-Based Savings Bonds for Infrastructure
October 8, 2024 (21:37)
Trend: Neutral
Influence: 0.09
The introduction of blockchain savings bonds by Palau is a localized economic move with minimal direct impact on the broader USD exchange rate, as indicated by the neutral sentiment score. This initiative mainly affects Palau's infrastructure financing and alternative savings methods, without significantly altering international USD dynamics.
Walmart's Continued Growth Momentum Highlights Retail Sector Opportunities
October 8, 2024 (17:53)
Trend: Neutral
Influence: 0.06
Walmart's significant stock appreciation indicates robust U.S. retail performance, positively influencing market confidence in the USD. However, the neutral sentiment score suggests that while the news reflects a strong domestic market, it has a limited direct impact on currency fluctuations.
This chart provides a comparative trend analysis of sentiment scores over time for CAD and USD currencies, displaying their respective news coverage and associated sentiment.
By visualizing sentiment trends and news volume, investors and brokers can identify potential market-moving events, gauge market sentiment, and make more informed trading decisions.
Historical and forecast chart of the Canadian Dollar/US Dollar currency pair
The chart below shows the historical quotes of the CAD/USD pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the Canadian Dollar/US Dollar rate can be found in the table below.
Long-term forecasts by years.
CAD Main News
Bank of Canada Halts Development of Its CBDC, the Digital Loonie
September 19, 2024 (12:18)
Trend: Neutral
Influence: 0.14
The shelving of the Bank of Canada's digital currency plans suggests a cautious approach towards adopting new financial technologies, which may instill a sense of regulatory stability in the short term. However, as the sentiment is neutral, it indicates that the market does not expect immediate or significant changes in the CAD exchange rate due to this decision.
USD Main News
EUR/USD Stabilizes Near Seven-Week Low Due to Fed Rate Speculation
October 8, 2024 (14:20)
Trend: Neutral
Influence: 0.07
The EUR/USD exchange rate has been affected by adjusted expectations regarding the Federal Reserve's interest rate policy. Following a strong employment report, there is growing speculation about potential rate changes, causing the USD to remain relatively stable but less volatile.
Samsung Pay Integrates Alchemy Pay for Crypto Transactions
October 8, 2024 (13:54)
Trend: Neutral
Influence: 0.05
The integration of Alchemy Pay with Samsung Pay to enable crypto transactions represents a growing acceptance of cryptocurrency as a payment method. Although the sentiment effect on USD is neutral currently, further adoption could affect fiat currency demand, potentially influencing USD exchange rates in the future.
Bitcoin Faces Capital Shift as China Stops Stimulus
October 8, 2024 (10:31)
Trend: Neutral
Influence: 0.02
The news suggests that the USD exchange rate remains mostly stable despite changes in China's monetary policies, as indicated by the neutral sentiment score. This stability might stem from Bitcoin's potential gains, drawing attention away from traditional forex movements like those of the USD.
China Reaches Two-Year High; Europe Declines; USD Weakens Amid Market Sentiment - SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)
October 8, 2024 (10:01)
Trend: Neutral
Influence: -0.13
The news indicates that the combination of rising Treasury yields and geopolitical tensions in the Middle East have led to concerns among investors, contributing to a decline in U.S. markets. This uncertainty, along with regulatory challenges faced by major U.S. tech companies, has weakened sentiment towards the dollar, causing a slight softening in its exchange rate.
4 game-changing forecasts for Bitcoin's role in the 2024 U.S. elections
October 7, 2024 (22:43)
Trend: Somewhat-Bearish
Influence: -0.17
The news highlights the challenges the USD faces due to its weakening position, especially when pitted against Bitcoin, an emergent asset seen as a solution for financial concerns of the middle class. This perception could lead to reduced confidence in the USD, exerting downward pressure on its exchange rate.
Tether experiences 24% rise, propelling user base to 350 million by 2024
October 7, 2024 (18:49)
Trend: Somewhat-Bullish
Influence: 0.21
The increase in Tether's user base suggests growing confidence in stablecoins, which indirectly can impact demand for USD by offering an alternative digital method for dollar-based transactions. This shift towards stablecoins could create a somewhat bullish sentiment for the USD as it maintains its relevance in digital finance spaces.
Analyzing Recent US Economic Growth and Federal Reserve Rate Decisions
October 7, 2024 (16:23)
Trend: Neutral
Influence: 0.04
The unexpected strength in US economic indicators would typically support a stronger USD, as rapid job growth and wage increases suggest robust economic health. However, the Federal Reserve's decision to cut rates could be influencing a neutral sentiment on the USD, reflecting potential concerns about future economic conditions despite the current data.
China's Economic Stimulus and US Election Stir Yuan Volatility and Impact USD
October 7, 2024 (13:37)
Trend: Somewhat-Bullish
Influence: 0.19
The news highlights potential volatility in the Chinese yuan due to economic pressures and upcoming US elections, making the USD relatively more attractive to investors. This is reflected in the somewhat bullish sentiment on the USD, as investors may seek stability in the face of uncertainties affecting the yuan.
Mixed Global Markets, Crude Oil Surge, As U.S. Markets Hit Record Highs
October 7, 2024 (10:56)
Trend: Somewhat-Bullish
Influence: 0.27
The surge in U.S. job gains suggests a strengthening economy, reducing the need for aggressive rate cuts and contributing to a bullish sentiment on the USD. This stronger economic outlook generally boosts investor confidence, resulting in a positive impact on the USD exchange rate.
Tether Celebrates 10th Anniversary with USDT Documentary
October 6, 2024 (12:53)
Trend: Neutral
Influence: -0.06
The announcement of Tether's documentary highlights the ongoing role of USDT in providing financial solutions to underserved markets, which could lead to a minor shift in demand away from USD towards digital currencies for financial inclusion. The slightly negative sentiment score reflects concerns that increased relevance of USDT might undermine the USD’s dominance in certain segments of global finance.
Analyst Warns of Bitcoin Price Weakness Amid Realized Price Rejections
October 6, 2024 (12:02)
Trend: Neutral
Influence: 0.04
The decline in Bitcoin's realized cap suggests shifting confidence among long-term holders, which could lead to uncertainties in the wider cryptocurrency market. This has contributed to a neutral sentiment impact on the USD exchange rate, as the currency's relation to Bitcoin is indirect yet significant in its Forex relevance.
Bitcoin Price Surge Amid US Fiscal Worries
October 4, 2024 (20:24)
Trend: Somewhat-Bullish
Influence: 0.26
As investors become more concerned about the fiscal situation in the US, they turn to alternative assets like Bitcoin, which in turn affects the demand for USD. Despite the concerns, the sentiment towards USD remains somewhat bullish, possibly due to its status as a global reserve currency.
Coinbase Global Shares Rise Amid Regulatory Adaptation - Coinbase (NASDAQ:COIN)
October 4, 2024 (19:49)
Trend: Neutral
Influence: -0.01
The news indicates a strategic adaptation by Coinbase, boosting market confidence in its resilience, yet it carries little direct impact on the USD exchange rate. The neutral sentiment score suggests that immediate implications for USD are minimal, reflecting broader market stability.
Understanding VTAP: The Visa Tokenized Asset Platform
October 4, 2024 (17:51)
Trend: Somewhat-Bullish
Influence: 0.18
The news about Visa's Tokenized Asset Platform (VTAP) suggests a positive impact on the USD, as it allows for the secure management of fiat-backed tokens, potentially increasing confidence in dollar-backed digital assets. This innovation by a major financial institution like Visa could enhance the liquidity and utilization of USD in the digital asset market, thereby supporting its exchange rate.
Elliott Waves Suggest Dollar Recovery as 10-Year US Yields Approach 3.9-4%
October 4, 2024 (17:12)
Trend: Neutral
Influence: 0.07
The potential recovery of the USD is influenced by an interesting market response to the Fed's decision to cut rates, as the expected rise in 10-year US yields reflects investor optimism. However, the neutral sentiment suggests that the market is cautiously assessing the long-term impact of these financial developments on the exchange rate.
Comprehensive Analysis of News and Events influencing the CADUSD currency pair
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the Canadian Dollar/US Dollar currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2024, 2025 and 2026).
Forecasts are adjusted once a day taking into account the price change of the previous day.
Canadian Dollar / US Dollar Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct 12 | 0.7280 | 0.7238 | 0.7301 | 0.87 % |
| Oct 13 | 0.7266 | 0.7230 | 0.7281 | 0.70 % |
| Oct 14 | 0.7316 | 0.7277 | 0.7328 | 0.71 % |
| Oct 15 | 0.7360 | 0.7341 | 0.7403 | 0.84 % |
| Oct 16 | 0.7367 | 0.7333 | 0.7388 | 0.75 % |
| Oct 17 | 0.7322 | 0.7278 | 0.7340 | 0.85 % |
| Oct 18 | 0.7295 | 0.7267 | 0.7336 | 0.95 % |
| Oct 19 | 0.7284 | 0.7240 | 0.7298 | 0.81 % |
| Oct 20 | 0.7271 | 0.7245 | 0.7290 | 0.63 % |
| Oct 21 | 0.7325 | 0.7285 | 0.7372 | 1.19 % |
| Oct 22 | 0.7304 | 0.7291 | 0.7331 | 0.55 % |
| Oct 23 | 0.7264 | 0.7244 | 0.7310 | 0.90 % |
| Oct 24 | 0.7292 | 0.7276 | 0.7311 | 0.48 % |
| Oct 25 | 0.7307 | 0.7289 | 0.7328 | 0.55 % |
| Oct 26 | 0.7318 | 0.7281 | 0.7353 | 1.00 % |
| Oct 27 | 0.7275 | 0.7264 | 0.7322 | 0.81 % |
| Oct 28 | 0.7221 | 0.7175 | 0.7240 | 0.90 % |
| Oct 29 | 0.7224 | 0.7193 | 0.7254 | 0.84 % |
| Oct 30 | 0.7270 | 0.7243 | 0.7314 | 0.98 % |
| Oct 31 | 0.7287 | 0.7271 | 0.7318 | 0.65 % |
| Nov 01 | 0.7270 | 0.7229 | 0.7286 | 0.78 % |
| Nov 02 | 0.7265 | 0.7235 | 0.7290 | 0.76 % |
| Nov 03 | 0.7226 | 0.7186 | 0.7260 | 1.03 % |
| Nov 04 | 0.7186 | 0.7158 | 0.7216 | 0.81 % |
| Nov 05 | 0.7148 | 0.7122 | 0.7180 | 0.81 % |
| Nov 06 | 0.7121 | 0.7078 | 0.7154 | 1.07 % |
| Nov 07 | 0.7172 | 0.7152 | 0.7200 | 0.67 % |
| Nov 08 | 0.7179 | 0.7153 | 0.7218 | 0.90 % |
| Nov 09 | 0.7207 | 0.7175 | 0.7246 | 0.98 % |
| Nov 10 | 0.7209 | 0.7172 | 0.7237 | 0.90 % |
Target daily price CAD/USD
Target values of the CAD/USD currency pair as of 10-12-2024.
Optimistic target level: 0.7301
Pessimistic target level: 0.7238
Target values of the CAD/USD currency pair as of 10-13-2024.
Optimistic target level: 0.7281
Pessimistic target level: 0.7230
Target values of the CAD/USD currency pair as of 10-14-2024.
Optimistic target level: 0.7328
Pessimistic target level: 0.7277
Target values of the CAD/USD currency pair as of 10-15-2024.
Optimistic target level: 0.7403
Pessimistic target level: 0.7341
Target values of the CAD/USD currency pair as of 10-16-2024.
Optimistic target level: 0.7388
Pessimistic target level: 0.7333
Canadian Dollar / US Dollar (CAD/USD) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Nov | 0.7030 | 0.6794 | 0.7255 | 6.35 % |
| Dec | 0.6815 | 0.6662 | 0.7020 | 5.10 % |
CAD/USD forecast for this year
Forecast of the CAD/USD pair for Nov 2024
Forecast of the CAD/USD pair for Dec 2024
Canadian Dollar / US Dollar (CAD/USD) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.6815 | 0.6642 | 0.6956 | 4.52 % |
| Feb | 0.7089 | 0.6888 | 0.7160 | 3.80 % |
| Mar | 0.7026 | 0.6791 | 0.7103 | 4.39 % |
| Apr | 0.7151 | 0.6930 | 0.7283 | 4.84 % |
| May | 0.7003 | 0.6904 | 0.7125 | 3.11 % |
| Jun | 0.7135 | 0.6926 | 0.7289 | 4.98 % |
| Jul | 0.7269 | 0.7172 | 0.7523 | 4.66 % |
| Aug | 0.7541 | 0.7450 | 0.7711 | 3.38 % |
| Sep | 0.7800 | 0.7710 | 0.7925 | 2.71 % |
| Oct | 0.8035 | 0.7828 | 0.8142 | 3.86 % |
| Nov | 0.7897 | 0.7740 | 0.8157 | 5.12 % |
| Dec | 0.7809 | 0.7651 | 0.7992 | 4.28 % |
Canadian Dollar / US Dollar (CAD/USD) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.7781 | 0.7640 | 0.7902 | 3.31 % |
| Feb | 0.7859 | 0.7751 | 0.7992 | 3.02 % |
| Mar | 0.7615 | 0.7415 | 0.7727 | 4.03 % |
| Apr | 0.7484 | 0.7404 | 0.7674 | 3.52 % |
| May | 0.7635 | 0.7540 | 0.7789 | 3.20 % |
| Jun | 0.7761 | 0.7651 | 0.8047 | 4.92 % |
| Jul | 0.8066 | 0.7983 | 0.8146 | 2.00 % |
| Aug | 0.8172 | 0.7909 | 0.8299 | 4.70 % |
| Sep | 0.8364 | 0.8123 | 0.8665 | 6.25 % |
| Oct | 0.8448 | 0.8302 | 0.8544 | 2.83 % |
| Nov | 0.8162 | 0.7909 | 0.8311 | 4.84 % |
| Dec | 0.8307 | 0.8146 | 0.8586 | 5.12 % |