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US Dollar to Canadian Dollar (USD/CAD) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: September 7, 2024 (7:32)
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) | 135.5 | 135.6 | 141.5 | |
| 200 US Dollar (USD) to Canadian Dollar (CAD) | 270.9 | 271.1 | 283 | |
| 500 US Dollar (USD) to Canadian Dollar (CAD) | 677.3 | 677.8 | 707.6 | |
| 1000 US Dollar (USD) to Canadian Dollar (CAD) | 1354.7 | 1355.6 | 1415.2 | |
| 3000 US Dollar (USD) to Canadian Dollar (CAD) | 4064 | 4066.9 | 4245.6 |
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 slew of news headlines suggests a fluctuating landscape for the USD, potentially affecting the USDCAD exchange rate in multiple directions. With market sentiment indicators ranging predominantly between neutral and bearish, investors might find volatility to be a prevailing theme. Reports on global economic shifts, such as the demand for financial reforms and unexpected data statistics, illustrate a landscape rife with uncertainty.
Details indicating a weak dollar overseas, alongside fluctuating commodity prices like oil, add layers of complexity to the valuation of the USD/CAD pair. The Canadian dollar, tied closely to commodity markets, particularly oil, might see reactive strength should USD weakness persist due to international pressure or policy shifts. Additionally, market anticipations of potential Federal Reserve actions reflect a somewhat bearish outlook, pressing the USD further.
Overall, while certain stirrings in the cryptocurrency domain hint at potential investment diversification, the general tone of activities aligns with cautious trading. Investors should thus remain vigilant, considering factors like energy prices and central bank signals, which could significantly influence short-term exchange rate trajectories.
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 Trend Prediction
As of now, Panda has analyzed 29 news pieces concerning the USD currency. The average relevance score for these news items is 0.37 (with the closer to 1 being more relevant).
The overall news trend for the USD currency is Neutral
with a coefficient of -0.01
(the closer to 1, the stronger its impact on the trend).
(the closer to 1, the stronger its impact on the trend).
Bretton Woods Urged to Address Calls for Equitable Financial Reforms
September 6, 2024 (14:30)
Trend: Somewhat-Bullish
Influence: 0.27
The demand for change in the global financial system by the Global South reflects growing awareness and advocacy for more sustainable and fair economic practices, potentially leading to shifts in international trade dynamics. This call for reform may bolster the USD as the stability and influence of existing financial systems are reconsidered, hence the 'Somewhat-Bullish' sentiment.
Bitcoin Sees Price Drop Amid Confusing US Employment Statistics
September 6, 2024 (14:28)
Trend: Neutral
Influence: 0.1
The USD exchange rate is experiencing a minor impact as traders adapt to unexpected fluctuations in Bitcoin prices, highlighting uncertainty in the US employment data. The market's current neutral sentiment toward the USD suggests that while there is volatility, the data has yet to sway significant confidence or concern regarding USD strength.
Wall Street Calms as August Employment Data Reduces Recession Anxiety; Dollar Narrows Weekly Decline
September 6, 2024 (14:03)
Trend: Neutral
Influence: 0.03
The positive August jobs report mitigated fears of an impending recession, which helped stabilize market confidence. As a result, the slight improvement in investor sentiment contributed to the USD trimming its weekly losses.
INR Slightly Gains as Dollar Weakens in Global Markets
September 6, 2024 (11:49)
Trend: Neutral
Influence: -0.14
The slight rise in INR against the USD is attributed to the depreciation of the US dollar in overseas markets. This depreciation is likely influenced by investors' cautious anticipation of forthcoming US jobs data, indicating a period of market uncertainty.
Global Market Declines Influence USD Weakening as Crude Prices Fall; Analysis on SmartETFs Asia Pacific Dividend Builder ETF
September 6, 2024 (10:48)
Trend: Bearish
Influence: -0.4
The news has a bearish impact on the USD as both Asia and Europe markets decline, signaling potential global economic slowdowns that may lead investors to anticipate future Federal Reserve rate cuts. Additionally, the uncertainty stemming from employment data further pressures the USD, as any negative report could influence Fed's monetary policy towards lower rates.
Chinese Stock Market Declines in Response to Central Bank Remarks
September 6, 2024 (10:19)
Trend: Somewhat-Bearish
Influence: -0.22
The statement from a central bank official likely spurred uncertainty, leading to a downturn in the Chinese markets. This uncertainty tends to negatively affect the USD exchange rate as investors may shift away from riskier assets, leading to a somewhat bearish sentiment.
Market Indices Plummet; Nifty Dips Below 24,850 Amid Auto Sector Struggles
September 6, 2024 (09:03)
Trend: Neutral
Influence: 0.1
The sharp declines in major Indian indices, like the Sensex and Nifty, suggest increased market volatility, impacting investor sentiments globally. This could strengthen the USD as investors seek safer assets, although the sentiment score remains neutral, indicating a balanced market view towards the USD despite current events.
US Dollar Dips to One-Week Low as Investors Eye Upcoming Jobs Data
September 6, 2024 (08:57)
Trend: Neutral
Influence: -0.1
The cautious sentiment among investors ahead of the anticipated jobs data release has led to a dip in the US dollar index, as market participants await clearer economic signals. This speculative behavior is typical when significant economic reports are pending, causing temporary fluctuations in currency value.
Euro Nears One-Week High Amid Focus on Upcoming US Employment Data
September 6, 2024 (06:59)
Trend: Neutral
Influence: 0.13
The anticipation of US jobs data can create uncertainty in the market, which may cause fluctuations in the USD exchange rate. In this case, a neutral sentiment suggests that the effect is expected to be moderate, with traders likely awaiting more definitive information from the jobs report.
Rupee's Decline Makes It Asia's Second-Weakest Currency Against the Dollar in August
September 6, 2024 (06:23)
Trend: Neutral
Influence: -0.03
The depreciation of the Indian rupee highlights a lower demand for the currency compared to the dollar, reflecting a stronger positioning for the USD. Despite this strength, the neutral sentiment suggests that the impact on the USD exchange rate may be relatively moderate.
Trump's Crypto Initiative, Ripple, and Wyoming's Stablecoin Ventures Highlight Market Surge
September 6, 2024 (06:01)
Trend: Neutral
Influence: -0.12
The influx of stablecoins could potentially create volatility in the USD exchange rate due to concerns about their overall stability and utility. As these digital assets gain attention, their impact on traditional currencies like the USD cannot be overlooked, contributing to a slight negative sentiment.
Rupee Strengthens Slightly Against US Dollar in Early Trading
September 6, 2024 (04:36)
Trend: Somewhat-Bearish
Influence: -0.18
The US dollar weakened against major global currencies, leading to a slight appreciation of the Rupee. Factors such as rising crude oil prices, negative domestic equity markets, and foreign capital outflows have limited the extent of the Rupee's gain, adding to the bearish sentiment for the USD.
Crypto Analyst Predicts Bitcoin Growth, Downplays Meme Coins in Crypto Market Cycle
September 5, 2024 (22:12)
Trend: Somewhat-Bullish
Influence: 0.19
The anticipation of a significant surge in Bitcoin's value against the USD hints at a potential positive impact on the USD exchange rate due to increased interest and investment in Bitcoin. Van de Poppe's comparison of Bitcoin's cycle to the gold cycle suggests that investors might see Bitcoin as a store of value, marginally bolstering confidence in the associated USD exchanges.
Rupee Falls to Record Low of 83.99 Against the Dollar
September 5, 2024 (15:04)
Trend: Neutral
Influence: -0.06
The weakening of the rupee against the US dollar indicates potential economic pressures on India, possibly due to trade imbalances or investor sentiment. The minor negative sentiment towards the USD suggests concerns about its purchasing power, as other currencies face volatility.
Indian Rupee Edges Higher Amid Declining Dollar Strength
September 5, 2024 (11:57)
Trend: Somewhat-Bearish
Influence: -0.24
The weakening of the US dollar in the international market, combined with falling crude oil prices, has contributed to a slight appreciation in the Indian Rupee. This somewhat bearish sentiment on the USD suggests a cautious outlook as external economic factors continue to exert pressure on the currency.
Mixed Global Markets with Oil Under $70; USD Pulls Back Amid Rate Cut Speculation
September 5, 2024 (11:16)
Trend: Neutral
Influence: -0.03
The news of decreased job openings and potential rate cuts suggests a weaker U.S. economic outlook, putting downward pressure on the USD. The slight retreat in the dollar is influenced by these economic indicators, which hint at potential easing of monetary policy.
Shanghai Composite Rises Slightly; USD Struggles in Asian Markets
September 5, 2024 (11:15)
Trend: Bullish
Influence: 0.47
The USD struggled in Asian trading as market sentiment leaned towards a recovery in alternative assets like gold. Despite the slight bullish sentiment, the ongoing fluctuation in USD's performance hints at investor caution amid global economic conditions.
Adani Group Considers $1.5 Billion Dollar Bond Sale with Global Banks
September 5, 2024 (09:14)
Trend: Bearish
Influence: -0.36
The potential sale of dollar bonds by Adani Group suggests a decrease in demand for the USD, as proceeds are earmarked for refinancing existing debt rather than new investments. The news impacts the USD exchange rate negatively, reflecting bearish sentiment as indicated by a drop in the ticker sentiment score.
Market Indices Dip with Metal Stocks Rising
September 5, 2024 (09:03)
Trend: Neutral
Influence: 0.08
The decline in major market indices like the S&P BSE Sensex and the Nifty 50 suggests a mild negative market sentiment. However, the neutral sentiment score for the USD indicates that while domestic market shifts are occurring, they are not significantly affecting the dollar's exchange rate at this time.
Bitcoin Transactions Plunge 30% in Six Months Amid Growing Disinterest
September 5, 2024 (08:27)
Trend: Somewhat-Bullish
Influence: 0.19
The decline in Bitcoin transactions suggests reduced market activity and liquidity, potentially impacting global sentiment and leading to increased USD stability. As Bitcoin prices remain stuck yet unstable, a potential breakout might result in either renewed investor interest or continued disinterest, influencing demand for the USD.
INR Strengthens Slightly After Dropping Past 84 Against USD
September 5, 2024 (06:27)
Trend: Neutral
Influence: 0.06
The slight gain in the Indian Rupee suggests a stabilization after its recent decline, which reflects a neutral sentiment towards the USD in the forex market. This neutrality indicates that while the USD remains strong against the INR, there isn't significant economic data propelling drastic changes in the exchange rate recently.
Indian Rupee Strengthens by 4 Paise Against US Dollar in Early Trading
September 5, 2024 (05:23)
Trend: Neutral
Influence: 0.07
The news suggests that the US dollar experienced a slight decline against the Indian rupee due to weakening in international markets and positive domestic equity trends in India. Contributing factors such as lower crude oil prices and foreign fund inflows seem to bolster confidence in the rupee, reflecting a neutral sentiment towards the dollar.
Rupee Strengthened by Anticipated Fed Rate Cuts and RBI's Robust Approach
September 5, 2024 (04:33)
Trend: Neutral
Influence: -0.11
The expectation of a large rate cut by the Federal Reserve could weaken the US dollar, leading to a slightly higher opening for the rupee. Additionally, the Reserve Bank of India's strong stance may bolster the rupee, contributing to the downward sentiment for the USD.
Trump Family's DeFi Initiative Aims to Bolster US Dollar Supremacy
September 5, 2024 (02:50)
Trend: Neutral
Influence: 0.12
The news of a DeFi project from the Trump family aimed at strengthening the US dollar may have generated cautious optimism among investors, as indicated by the neutral sentiment score. While the partnership with AAVE and Ethereum highlights a step towards innovation, its potential impact on US dollar dominance remains uncertain, reflected in the subdued market reaction.
Analyst Suggests Dollar's Dominance Will Persist for Decades Despite Challenges
September 4, 2024 (20:15)
Trend: Somewhat-Bullish
Influence: 0.22
The stability and position of the U.S. dollar as a dominant global currency is expected to continue, despite some concerns about diversification trends and alternatives. This sentiment, reflected in a 'Somewhat-Bullish' outlook, indicates a moderate optimism about the dollar's resilience and ongoing influence in global markets.
Dollar Tree's Earnings Shortfall and Revised FY24 Forecast Hit Stock Prices
September 4, 2024 (18:28)
Trend: Neutral
Influence: 0.06
The soft earnings report from Dollar Tree reflects broader economic challenges that might temper consumer confidence, impacting the strength of the USD. Despite the earnings miss, the USD remains relatively stable with a neutral sentiment, suggesting market participants are assessing whether these results are an isolated incident or indicative of wider economic trends.
Trump's Crypto Initiative Targets US Dollar Dominance Through Stablecoins
September 4, 2024 (18:15)
Trend: Neutral
Influence: 0.14
The promotion of World Liberty Financial by Donald Trump and his family, emphasizing the U.S. dollar, might stabilize or reinforce confidence in the USD due to its backing by influential figures. However, the neutral sentiment suggests that while the initiative could support the USD, it may not lead to significant immediate changes in the exchange rate.
Bitcoin Suffers 10% Post-Halving Slump with Historical Highs Delayed
September 4, 2024 (14:27)
Trend: Neutral
Influence: -0.15
The sluggish performance of Bitcoin post-halving reflects uncertainty and decreased investor confidence, which indirectly weakens the USD as it affects international trade sentiment. This neutral impact is reflected in the sentiment score, indicating a possibly stabilizing market perception over time.
Global Markets Decline Led by Japan and Europe as Crude Oil Falls below $70
September 4, 2024 (11:26)
Trend: Bearish
Influence: -0.45
The sharp declines in U.S. stock indices, particularly in key sectors such as tech, energy, and materials, signal economic instability and reduced investor confidence, negatively affecting the USD exchange rate. Furthermore, the concurrent drop in crude oil prices below $70 exacerbates concerns over economic growth, contributing to a bearish sentiment towards the USD.
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 09 | 1.3547 | 1.3476 | 1.3629 | 1.13 % |
| Sep 10 | 1.3494 | 1.3458 | 1.3516 | 0.43 % |
| Sep 11 | 1.3502 | 1.3429 | 1.3526 | 0.72 % |
| Sep 12 | 1.3528 | 1.3457 | 1.3600 | 1.06 % |
| Sep 13 | 1.3537 | 1.3454 | 1.3574 | 0.89 % |
| Sep 14 | 1.3556 | 1.3493 | 1.3600 | 0.79 % |
| Sep 15 | 1.3553 | 1.3471 | 1.3608 | 1.02 % |
| Sep 16 | 1.3544 | 1.3523 | 1.3577 | 0.40 % |
| Sep 17 | 1.3524 | 1.3486 | 1.3610 | 0.92 % |
| Sep 18 | 1.3525 | 1.3460 | 1.3556 | 0.72 % |
| Sep 19 | 1.3497 | 1.3418 | 1.3552 | 1.00 % |
| Sep 20 | 1.3569 | 1.3534 | 1.3595 | 0.45 % |
| Sep 21 | 1.3662 | 1.3582 | 1.3696 | 0.84 % |
| Sep 22 | 1.3658 | 1.3607 | 1.3741 | 0.99 % |
| Sep 23 | 1.3611 | 1.3553 | 1.3696 | 1.05 % |
| Sep 24 | 1.3705 | 1.3671 | 1.3753 | 0.60 % |
| Sep 25 | 1.3797 | 1.3746 | 1.3850 | 0.75 % |
| Sep 26 | 1.3746 | 1.3709 | 1.3826 | 0.86 % |
| Sep 27 | 1.3777 | 1.3690 | 1.3845 | 1.14 % |
| Sep 28 | 1.3800 | 1.3732 | 1.3828 | 0.70 % |
| Sep 29 | 1.3790 | 1.3721 | 1.3848 | 0.93 % |
| Sep 30 | 1.3826 | 1.3755 | 1.3853 | 0.72 % |
| Oct 01 | 1.3927 | 1.3878 | 1.3982 | 0.75 % |
| Oct 02 | 1.3965 | 1.3920 | 1.4000 | 0.57 % |
| Oct 03 | 1.4040 | 1.4017 | 1.4086 | 0.49 % |
| Oct 04 | 1.4138 | 1.4084 | 1.4196 | 0.80 % |
| Oct 05 | 1.4141 | 1.4074 | 1.4226 | 1.08 % |
| Oct 06 | 1.4155 | 1.4073 | 1.4225 | 1.08 % |
| Oct 07 | 1.4108 | 1.4076 | 1.4185 | 0.77 % |
| Oct 08 | 1.4152 | 1.4110 | 1.4235 | 0.88 % |
Target daily price USD/CAD
Target values of the USD/CAD currency pair as of 09-09-2024.
Optimistic target level: 1.3629
Pessimistic target level: 1.3476
Target values of the USD/CAD currency pair as of 09-10-2024.
Optimistic target level: 1.3516
Pessimistic target level: 1.3458
Target values of the USD/CAD currency pair as of 09-11-2024.
Optimistic target level: 1.3526
Pessimistic target level: 1.3429
Target values of the USD/CAD currency pair as of 09-12-2024.
Optimistic target level: 1.3600
Pessimistic target level: 1.3457
Target values of the USD/CAD currency pair as of 09-13-2024.
Optimistic target level: 1.3574
Pessimistic target level: 1.3454
US Dollar / Canadian Dollar (USD/CAD) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 1.3427 | 1.3185 | 1.3602 | 3.06 % |
| Nov | 1.3941 | 1.3495 | 1.4166 | 4.74 % |
| Dec | 1.3803 | 1.3567 | 1.3995 | 3.06 % |
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 | 1.3480 | 1.3298 | 1.3734 | 3.18 % |
| Feb | 1.3310 | 1.2974 | 1.3501 | 3.90 % |
| Mar | 1.3196 | 1.2804 | 1.3505 | 5.19 % |
| Apr | 1.3297 | 1.3111 | 1.3632 | 3.82 % |
| May | 1.3093 | 1.2699 | 1.3512 | 6.02 % |
| Jun | 1.3082 | 1.2764 | 1.3252 | 3.69 % |
| Jul | 1.2764 | 1.2425 | 1.2930 | 3.91 % |
| Aug | 1.2218 | 1.2004 | 1.2449 | 3.58 % |
| Sep | 1.2136 | 1.1786 | 1.2540 | 6.01 % |
| Oct | 1.2272 | 1.1863 | 1.2443 | 4.66 % |
| Nov | 1.2178 | 1.1849 | 1.2507 | 5.26 % |
| Dec | 1.2655 | 1.2433 | 1.3094 | 5.05 % |
US Dollar / Canadian Dollar (USD/CAD) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 1.2906 | 1.2482 | 1.3225 | 5.62 % |
| Feb | 1.3347 | 1.3041 | 1.3605 | 4.15 % |
| Mar | 1.3191 | 1.3042 | 1.3541 | 3.68 % |
| Apr | 1.3488 | 1.3130 | 1.3888 | 5.46 % |
| May | 1.3651 | 1.3258 | 1.4075 | 5.80 % |
| Jun | 1.3559 | 1.3175 | 1.3925 | 5.39 % |
| Jul | 1.3297 | 1.3088 | 1.3512 | 3.14 % |
| Aug | 1.3488 | 1.3331 | 1.3895 | 4.06 % |
| Sep | 1.3604 | 1.3139 | 1.4002 | 6.16 % |
| Oct | 1.3622 | 1.3426 | 1.4088 | 4.70 % |
| Nov | 1.4143 | 1.3850 | 1.4538 | 4.73 % |
| Dec | 1.4111 | 1.3838 | 1.4467 | 4.35 % |