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"A Slower Grind Higher" for USD/CAD: HSBC Explains What's Next

The US Dollar to Canadian Dollar (USD/CAD) exchange rate remains close to multi-year highs, trading around 1.4200 after rallying almost 3% during June. HSBC continues to expect USD/CAD to move higher, although the bank believes the pace of gains is likely to slow following the pair's strong rally since early May.
Date: 03.07.2026  |  Source: exchangerates.org.uk
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Quotes

Instrument Price Change (%)
EURUSD 1.144430 +0.068667%
GBPUSD 1.335690 +0.086922%
USDJPY 161.319000 +0.13718%
XAUUSD 4175.695000 +1.26322%
USDCAD 1.420010 +0.1361%
NZDUSD 0.570950 +0.21886%
USDCHF 0.803270 +0.00747%
AUDUSD 0.693770 +0.26363%
EURGBP 0.856470 +0.032703%
EURJPY 184.553000 +0.17352%
GBPJPY 215.460000 +0.22188%
AUDJPY 111.909000 +0.35999%
CADJPY 113.607000 +0.036983%
CHFJPY 200.809000 +0.13614%
NZDJPY 92.093000 +0.38478%
GBPCHF 1.072830 +0.074625%
EURCHF 0.918980 +0.079499%
USDMXN 17.469000 -0.1372%
USDZAR 16.213500 -0.22216%
USDTRY 46.798500 +0.59564%
USDRUB 76.893700 -0.77746%
USDSEK 9.638850 -0.38271%
USDCNY 6.768000 -0.12838%

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