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U.S. Dollar/Canadian Dollar (^USDCAD)

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U.S. Dollar/Canadian Dollar Futures Market News and Commentary

Dollar Gains and Gold Falls on Hawkish Waller

The dollar index (DXY00) today is up +0.15%, just below Thursday's 6-week high.  The dollar is supported by hawkish comments from Fed Governor Christopher Waller, who said he supports a Fed rate increase if inflation doesn't soon slow.  Gains in the dollar are limited by today's downward revision to the University of Michigan’s May US consumer sentiment index to a record low.  Also, today's rally in stocks curbs liquidity demand for the dollar.

The University of Michigan’s May US consumer sentiment index was revised lower to a record low of 44.8 (data from 1978), weaker than expectations of no change at 48.2.

The University of Michigan’s US May 1-year inflation expectations rate was revised upward to a 9-month high of +4.8% from +4.5%, stronger than the +4.6% expected.  Also, May 5-10 year inflation expectations rate was revised upward to a 7-month high of +3.9%, stronger than expectations of no change at +3.4%.

Fed Governor Christopher Waller said he supports maki... Read more

Commitment of Traders Positions as of May 12, 2026

View Chart Details
Commercials - Long / Short
120,293 (-1,296)
134,010 (-373)
Non-Commercials - Long / Short
93,284 (+4,975)
77,042 (+3,392)
Dealers / Intermediary - Long / Short
72,243 (+5,767)
69,818 (+320)
Asset / Manager - Long / Short
66,981 (+4,498)
90,749 (-1,524)
Leveraged Funds - Long / Short
66,695 (-6,804)
29,032 (+3,291)
Other Reportables - Long / Short
0 (-454)
13,795 (+260)

Price Performance

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Period Period Low Period High Performance
1-Month
1.35506 +1.94%
on 05/01/26
1.38224 -0.07%
on 05/22/26
+0.01418 (+1.04%)
since 04/22/26
3-Month
1.35257 +2.13%
on 03/09/26
1.39667 -1.10%
on 03/31/26
+0.01317 (+0.96%)
since 02/20/26
52-Week
1.34825 +2.45%
on 01/30/26
1.41404 -2.31%
on 11/05/25
-0.00437 (-0.32%)
since 05/22/25

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Barchart Technical Opinion

The Barchart Technical Opinion rating is a 8% Buy with a Average short term outlook on maintaining the current direction.

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Key Turning Points

3rd Resistance Point 1.38774
2nd Resistance Point 1.38388
1st Resistance Point 1.38083
Last Price 1.38130
1st Support Level 1.37392
2nd Support Level 1.37006
3rd Support Level 1.36701

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52-Week High 1.41404
Fibonacci 61.8% 1.38891
Last Price 1.38130
Fibonacci 50% 1.38115
Fibonacci 38.2% 1.37338
52-Week Low 1.34825

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