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USD/CAD Forecast: Risks Tilted Higher as BoC Offers Cautious Pause say MUFG
The Canadian dollar (CAD) strengthened modestly against a broadly weaker US dollar (USD), following the Bank of Canada's decision to hold interest rates steady—the first pause since its easing cycle began last June. This decision came despite market expectations partially pricing in a rate cut.
Date:
18.04.2025 |
Source:
exchangerates.org.uk
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Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.134630 | -0.20929% |
| GBPUSD | 1.344560 | -0.36676% |
| USDJPY | 144.038000 | -0.058977% |
| XAUUSD | 3289.240000 | -0.86156% |
| USDCAD | 1.373470 | -0.51644% |
| NZDUSD | 0.595830 | -0.1806% |
| USDCHF | 0.821900 | -0.051075% |
| AUDUSD | 0.643270 | -0.20309% |
| EURGBP | 0.842460 | -0.011869% |
| EURJPY | 163.428000 | -0.27825% |
| GBPJPY | 193.757000 | -0.34204% |
| AUDJPY | 92.654000 | -0.14011% |
| CADJPY | 104.819000 | +0.35371% |
| CHFJPY | 175.139000 | -0.055924% |
| NZDJPY | 85.863000 | -0.18426% |
| GBPCHF | 1.105700 | -0.28408% |
| EURCHF | 0.932710 | -0.32128% |
| USDMXN | 19.428850 | +0.62069% |
| USDZAR | 17.978200 | +1.04279% |
| USDTRY | 39.220870 | +0.37495% |
| USDRUB | 77.375000 | +0.62318% |
| USDSEK | 9.573680 | +0.30709% |
| USDCNY | 7.198600 | +0.18928% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 31.05.2025 | ||||
| 01:30 | Manufacturing PMI (May) | 49.5 | 49 | |
| 01:30 | NBS Manufacturing PMI (May) | 49.5 | 49 | |
| 01:30 | NBS Non Manufacturing PMI (May) | 50.6 | 50.4 | |
| 01.06.2025 | ||||
| 23:00 | 🇦🇺 | S&P Global Manufacturing PMI (May) | 51.7 | 51.7 |
| 02.06.2025 | ||||
| 06:30 | 🇨🇭 | Retail Sales MoM (Apr) | 1 | 0.6 |
| 06:30 | 🇨🇭 | Retail Sales YoY (Apr) | 2.5 | 2.2 |
| 07:15 | HCOB Manufacturing PMI (May) | 48.2 | 48.1 | |
| 07:30 | 🇨🇭 | procure.ch Manufacturing PMI (May) | 48.1 | 45.8 |
| 07:30 | Unemployment Rate (May) | 7.1 | 7.3 | |
| 07:40 | Unemployment Rate (May) | 7.3 | ||