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US Dollar to Canadian Dollar (USD/CAD) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: September 16, 2024 (7:31)
Reverse forecast: CAD to USD
US Dollar / Canadian Dollar price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 US Dollar (USD) to Canadian Dollar (CAD) | 136.3 | 138.8 | 141.8 | |
| 200 US Dollar (USD) to Canadian Dollar (CAD) | 272.6 | 277.6 | 283.6 | |
| 500 US Dollar (USD) to Canadian Dollar (CAD) | 681.5 | 694 | 709.1 | |
| 1000 US Dollar (USD) to Canadian Dollar (CAD) | 1363.1 | 1388 | 1418.2 | |
| 3000 US Dollar (USD) to Canadian Dollar (CAD) | 4089.2 | 4163.9 | 4254.7 |
How much will the USD/CAD currency pair cost in 2024, 2025 and 2026? What is the forecast for the USD/CAD currency pair? What is the target price of the US Dollar / Canadian 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 US Dollar rise or fall against the Canadian Dollar?
Identifying the trend of the USD/CAD currency pair
The recent rise in net speculative long positions for the US dollar futures indicates a strengthening bias among traders, potentially exerting upward pressure on the USD. This scenario could play a significant role in the USD/CAD exchange rate, keeping the dollar strong relative to the Canadian dollar.
Concurrently, the rupee's slight appreciation against the dollar, driven by the weakening US dollar in overseas markets and favorable foreign inflows, suggests possible volatility in the USD/CAD rate. This change hints at a trend of fluctuating demand and positioning, as investors adjust to the evolving forex landscape.
Adding to this dynamic, the market is anticipating the Federal Reserve's potential rate cut, which might diminish the attractiveness of USD-denominated assets. Such an event could lead to a broader impact on the USD/CAD valuation, potentially resulting in a temporary weakening of the USD, if interest rate cuts materialize.
Investors should remain vigilant, as these combined signals suggest a period of cautious optimism. Fluctuations in investor sentiments might create short-term opportunities in the USD/CAD market as it adjusts to these financial and geopolitical shifts.
USD Trend Prediction
As of now, Panda has analyzed 106 news pieces concerning the USD currency. The average relevance score for these news items is 0.36 (with the closer to 1 being more relevant).|
2024-09-16
|
Neutral | Impact: 0.08 | News: 5 (0/5/0) |
|
2024-09-15
|
Bullish | Impact: 0.08 | News: 2 (1/1/0) |
|
2024-09-13
|
Neutral | Impact: 0.06 | News: 12 (4/6/2) |
|
2024-09-12
|
Neutral | Impact: 0 | News: 12 (2/6/4) |
|
2024-09-11
|
Neutral | Impact: -0.03 | News: 16 (1/12/3) |
|
2024-09-10
|
Neutral | Impact: 0.01 | News: 10 (2/6/2) |
|
2024-09-09
|
Neutral | Impact: 0.06 | News: 14 (3/10/1) |
|
2024-09-07
|
Neutral | Impact: 0.02 | News: 1 (0/1/0) |
|
2024-09-06
|
Neutral | Impact: -0.05 | News: 13 (1/8/4) |
|
2024-09-08
|
Neutral | Impact: 0 | News: 3 (0/3/0) |
|
2024-09-05
|
Neutral | Impact: 0.03 | News: 12 (3/7/2) |
|
2024-09-04
|
Neutral | Impact: -0.04 | News: 5 (1/3/1) |
Circle Joins Others in Blacklisting Lazarus Group-Linked Wallets
September 16, 2024 (06:10)
Trend: Neutral
Influence: 0.12
The decision by Circle to blacklist Lazarus Group-associated wallets follows a trend among stablecoin issuers, yet its delayed action appears to have minimal impact on USD exchange rates. The neutral sentiment score suggests the move is viewed as standard procedure rather than a disruption to the financial markets.
Speculative Long Positions in US Dollar Index Reach Six-Month High
September 16, 2024 (05:42)
Trend: Neutral
Influence: 0.03
The increase in net long positions for the US dollar futures indicates that traders are betting on the currency's strengthening, which can result in upward pressure on the USD exchange rate. However, the neutral sentiment score suggests that the impact on the USD is currently moderate, reflecting a cautious outlook amid uncertain global market conditions.
This chart provides a comparative trend analysis of sentiment scores over time for USD and CAD 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 US Dollar/Canadian Dollar currency pair
The chart below shows the historical quotes of the USD/CAD 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 US Dollar/Canadian Dollar rate can be found in the table below.
Long-term forecasts by years.
USD Main News
Rupee Appreciates 5 Paise to Reach 83.87 Against US Dollar in Early Session
September 16, 2024 (04:30)
Trend: Neutral
Influence: 0.14
The slight appreciation of the rupee against the US dollar suggests a neutral effect on the forex markets, largely due to weakening of the US dollar in overseas markets and robust foreign inflows into India. As market participants anticipate the US Federal Reserve's upcoming policy cues, this neutrality may reflect cautious optimism.
Markets Open Higher with Strong Breadth
September 16, 2024 (04:03)
Trend: Neutral
Influence: 0.06
The positive movement in Indian indices, such as the Sensex and Nifty, can lead to increased foreign investments, which strengthens local currencies. This development could cause a slight neutral effect on the USD exchange rate due to balanced inflows and outflows between the USD and the Indian Rupee.
Rupee Strengthens Amid Expectations of Large Federal Reserve Rate Cut
September 16, 2024 (03:39)
Trend: Neutral
Influence: 0.08
Expectations of a significant Federal Reserve rate cut can make USD-denominated assets less attractive, leading to potential weakening of the dollar. This would allow the rupee and other emerging market currencies to experience a relative boost, as indicated by the forward market predicting a steady to slightly stronger rupee.
Financial Expert Robert Kiyosaki Warns of US Debt Crisis: 'Dollar's Worth Declining'
September 15, 2024 (15:01)
Trend: Neutral
Influence: -0.08
Robert Kiyosaki's warning about the mounting U.S. debt adds to concerns about the stability and value of the USD, potentially influencing market perceptions negatively. The slightly negative sentiment score indicates that the commentary might lead investors to question the dollar's future value amidst increasing debt levels.
Donald Trump Launches World Liberty Financial DeFi Project to Boost Stablecoin Adoption
September 15, 2024 (13:31)
Trend: Somewhat-Bullish
Influence: 0.24
The news of Donald Trump's involvement in a major crypto project has introduced a sense of optimism and potential stability to the cryptocurrency market, prompting a somewhat bullish sentiment towards the USD. As stablecoins often hold their value relative to the USD, increased adoption could lead to a more stable demand for the currency.
Market Indices Dip Slightly Amid Strong Breadth
September 13, 2024 (04:05)
Trend: Neutral
Influence: 0.06
The slight dip in India’s main indices suggests cautious investor sentiment, which reflects a neutral yet slightly favorable outlook for the USD as investors may seek stability. The overall neutral sentiment regarding the USD could be due to both optimism in the broader market breadth and concerns over the fluctuating performance of key stock indices.
Bitcoin and Gold Surge Amid Anticipated Interest Rate Cuts
September 13, 2024 (16:52)
Trend: Neutral
Influence: 0.13
The simultaneous rise in Bitcoin and gold prices indicates a market response to the increased likelihood of a 0.5% interest rate cut. This potential rate cut may lead to a weaker USD as investors look to alternative investments like Bitcoin and gold for higher returns.
Watchdog Warns Tether May Pose Consumer Risks Similar to FTX and Celsius
September 13, 2024 (15:10)
Trend: Somewhat-Bearish
Influence: -0.25
The concerns over Tether's stability, drawing parallels to FTX and Celsius's previous issues, have a mildly bearish impact on the USD. This sentiment likely stems from fears that instability in major stablecoins could disrupt financial markets and influence USD valuations.
Gold Prices Reach Unprecedented Levels as US Dollar Weakens
September 13, 2024 (13:44)
Trend: Neutral
Influence: 0.01
The news of rising gold prices coincides with the weakening of the US dollar, largely due to declining yields on US government bonds, which typically makes gold a more attractive investment. Additionally, unfavorable US macroeconomic statistics suggest economic uncertainty, leading investors to seek safe havens, further impacting USD exchange rates.
Indian Rupee Strengthens as US Dollar Dips
September 13, 2024 (11:37)
Trend: Neutral
Influence: -0.06
The weakening of the US dollar in the global market, coupled with increased foreign investments in India, has led to a strengthening of the Indian rupee. The modest decrease in the sentiment score for the USD reflects these pressures, indicating a slight negative outlook for the dollar's performance relative to the rupee.
Rupee Strengthens, Marks Best Weekly Performance Since June
September 13, 2024 (11:20)
Trend: Somewhat-Bullish
Influence: 0.19
The appreciation of the rupee against the U.S. dollar suggests increased confidence in the Indian currency, potentially due to favorable economic indicators or geopolitical stability in the region. The 'Somewhat-Bullish' sentiment for the USD could indicate that while the dollar faced pressure from the rising rupee, overall economic factors for the USD remain relatively strong.
Crude Increases Amid Supply Issues, Gold Surges to Record, Dollar Dips to Weekly Low
September 13, 2024 (10:23)
Trend: Bearish
Influence: -0.45
The anticipation of a Federal Reserve rate cut due to inflationary pressures has weakened the USD, as investors typically move away from a currency expected to devalue further. The bearish sentiment towards the USD is further compounded by potentially shifting financial priorities to stronger sectors, like tech, which performed well.
Shanghai Composite Index Sees 0.48% Decline
September 13, 2024 (09:42)
Trend: Somewhat-Bullish
Influence: 0.18
The slight rise in the U.S. core consumer price index and producer price index suggests persistent inflationary pressures, supporting the market's anticipation of a potential interest rate cut. This prospective monetary policy action has fueled a somewhat bullish sentiment towards the USD, as it impacts the currency's attractiveness to investors.
Market indices show slight decrease; interest in PSU banks rises
September 13, 2024 (09:05)
Trend: Neutral
Influence: 0.08
The slight decrease in market indices indicates a stable but cautious market environment, which is reflected in the neutral sentiment towards the USD exchange rate. The increased interest in PSU banks suggests a shift in investment focus, potentially impacting currency flows without significant changes to USD value.
Lagarde's Remarks Propel Euro to One-Week High
September 13, 2024 (06:36)
Trend: Somewhat-Bullish
Influence: 0.28
The euro's rise to a one-week high indicates positive market reactions to Lagarde's comments, which could suggest increased investor confidence in the Eurozone's economic prospects. Consequently, this optimism toward the euro results in a somewhat bearish sentiment toward the USD, as evidenced by the moderate increase in the USD exchange rate score.
Comprehensive Analysis of News and Events influencing the USDCAD 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 US Dollar/Canadian 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.
US Dollar / Canadian Dollar Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Sep 18 | 1.3631 | 1.3593 | 1.3716 | 0.91 % |
| Sep 19 | 1.3653 | 1.3584 | 1.3729 | 1.07 % |
| Sep 20 | 1.3687 | 1.3605 | 1.3731 | 0.93 % |
| Sep 21 | 1.3675 | 1.3590 | 1.3697 | 0.79 % |
| Sep 22 | 1.3775 | 1.3692 | 1.3810 | 0.86 % |
| Sep 23 | 1.3880 | 1.3833 | 1.3954 | 0.87 % |
| Sep 24 | 1.3912 | 1.3882 | 1.3998 | 0.83 % |
| Sep 25 | 1.3933 | 1.3887 | 1.3995 | 0.78 % |
| Sep 26 | 1.3921 | 1.3849 | 1.3950 | 0.72 % |
| Sep 27 | 1.3974 | 1.3916 | 1.4020 | 0.75 % |
| Sep 28 | 1.4020 | 1.3965 | 1.4068 | 0.74 % |
| Sep 29 | 1.4048 | 1.3994 | 1.4124 | 0.93 % |
| Sep 30 | 1.4116 | 1.4059 | 1.4173 | 0.81 % |
| Oct 01 | 1.4108 | 1.4048 | 1.4192 | 1.03 % |
| Oct 02 | 1.4060 | 1.4034 | 1.4097 | 0.45 % |
| Oct 03 | 1.4121 | 1.4032 | 1.4158 | 0.90 % |
| Oct 04 | 1.4198 | 1.4123 | 1.4263 | 0.99 % |
| Oct 05 | 1.4269 | 1.4184 | 1.4342 | 1.12 % |
| Oct 06 | 1.4254 | 1.4224 | 1.4335 | 0.79 % |
| Oct 07 | 1.4245 | 1.4167 | 1.4289 | 0.86 % |
| Oct 08 | 1.4291 | 1.4259 | 1.4365 | 0.75 % |
| Oct 09 | 1.4190 | 1.4135 | 1.4255 | 0.85 % |
| Oct 10 | 1.4134 | 1.4053 | 1.4213 | 1.13 % |
| Oct 11 | 1.4223 | 1.4166 | 1.4246 | 0.56 % |
| Oct 12 | 1.4197 | 1.4157 | 1.4269 | 0.79 % |
| Oct 13 | 1.4301 | 1.4234 | 1.4354 | 0.84 % |
| Oct 14 | 1.4217 | 1.4162 | 1.4272 | 0.78 % |
| Oct 15 | 1.4247 | 1.4190 | 1.4333 | 1.00 % |
| Oct 16 | 1.4172 | 1.4082 | 1.4256 | 1.23 % |
| Oct 17 | 1.4182 | 1.4113 | 1.4222 | 0.77 % |
Target daily price USD/CAD
Target values of the USD/CAD currency pair as of 09-18-2024.
Optimistic target level: 1.3716
Pessimistic target level: 1.3593
Target values of the USD/CAD currency pair as of 09-19-2024.
Optimistic target level: 1.3729
Pessimistic target level: 1.3584
Target values of the USD/CAD currency pair as of 09-20-2024.
Optimistic target level: 1.3731
Pessimistic target level: 1.3605
Target values of the USD/CAD currency pair as of 09-21-2024.
Optimistic target level: 1.3697
Pessimistic target level: 1.3590
Target values of the USD/CAD currency pair as of 09-22-2024.
Optimistic target level: 1.3810
Pessimistic target level: 1.3692
US Dollar / Canadian Dollar (USD/CAD) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 1.4016 | 1.3568 | 1.4192 | 4.40 % |
| Nov | 1.4217 | 1.3802 | 1.4537 | 5.06 % |
| Dec | 1.4230 | 1.4057 | 1.4608 | 3.77 % |
USD/CAD forecast for this year
Forecast of the USD/CAD pair for Oct 2024
Forecast of the USD/CAD pair for Nov 2024
Forecast of the USD/CAD pair for Dec 2024
US Dollar / Canadian Dollar (USD/CAD) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 1.4480 | 1.4219 | 1.4838 | 4.17 % |
| Feb | 1.4662 | 1.4319 | 1.5091 | 5.11 % |
| Mar | 1.4735 | 1.4377 | 1.4967 | 3.94 % |
| Apr | 1.4742 | 1.4284 | 1.5100 | 5.40 % |
| May | 1.4775 | 1.4489 | 1.4948 | 3.07 % |
| Jun | 1.5101 | 1.4720 | 1.5515 | 5.12 % |
| Jul | 1.4795 | 1.4602 | 1.5081 | 3.18 % |
| Aug | 1.4522 | 1.4215 | 1.4907 | 4.65 % |
| Sep | 1.4528 | 1.4247 | 1.4894 | 4.35 % |
| Oct | 1.4986 | 1.4703 | 1.5343 | 4.18 % |
| Nov | 1.4757 | 1.4611 | 1.4923 | 2.09 % |
| Dec | 1.4591 | 1.4440 | 1.5011 | 3.81 % |
US Dollar / Canadian Dollar (USD/CAD) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 1.5247 | 1.4980 | 1.5412 | 2.80 % |
| Feb | 1.5371 | 1.5108 | 1.5751 | 4.08 % |
| Mar | 1.5191 | 1.4788 | 1.5540 | 4.84 % |
| Apr | 1.5587 | 1.5349 | 1.6008 | 4.12 % |
| May | 1.5616 | 1.5194 | 1.5861 | 4.21 % |
| Jun | 1.5124 | 1.4777 | 1.5641 | 5.53 % |
| Jul | 1.5164 | 1.4823 | 1.5383 | 3.64 % |
| Aug | 1.5014 | 1.4481 | 1.5183 | 4.63 % |
| Sep | 1.4704 | 1.4287 | 1.4915 | 4.21 % |
| Oct | 1.5001 | 1.4657 | 1.5170 | 3.38 % |
| Nov | 1.5454 | 1.5245 | 1.5864 | 3.90 % |
| Dec | 1.5301 | 1.4949 | 1.5672 | 4.61 % |