Canadian dollar Market Update, Chart & History

CAD Market Update

28 May 2026 • 00:27 GMT

The Canadian dollar (CAD) has recently slipped to near 30-day lows against the US dollar, trading around 0.7222. This level is just below its three-month average of 0.728, indicating some recent weakness. The overall range has remained stable, with only a 2.7% variation between 0.7170 and 0.7365.

This decline is influenced by broader market factors such as rising US Treasury yields and a stronger US dollar, amid ongoing US economic resilience. While the CAD still shows some bullish momentum, recent dips suggest caution, especially if US rates continue higher or oil prices fall further. Traders will want to watch key support levels near 0.7170 and resistance around 0.7365 for clues on future moves.

Geopolitical events and US-Canada economic data could also impact the currency. For now, the CAD remains sensitive to US dollar strength and global risk sentiment, with potential for short-term further weakness before any signs of a rebound.

📊 Quick forecast view

Near-term bias: ⚪ Range-bound

Expected range: 0.7170 – 0.7300

Dominant driver: ⚖️ Interest-rate differentials

3-month trend: ⚪ Range-bound

CAD/USD Forecasts

CAD/USD Rates

Canadian dollar to US dollar - CAD/USD Trend

CAD to USD is at 30-day lows near 0.7222, just 0.8% below its 3-month average of 0.728, having traded in a very stable 2.7% range from 0.7170 to 0.7365

27-MAY 8PM-NY 28-MAY 1AM-LON 8AM-HK 10AM-SYD

1 CAD = USD

1d−0.2%▼

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