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

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

Strength in Stocks and Lower Crude Prices Weigh on the Dollar

The dollar index (DXY00) fell by -0.03% on Tuesday.  The dollar was under pressure Tuesday as hopes for a deal to reopen the Strait of Hormuz have boosted stocks and knocked crude oil prices sharply lower.  The slide in crude oil prices lowers inflation expectations and could prompt the Fed to loosen monetary policy, a negative factor for the dollar.  Tuesday's weaker-than-expected US economic reports on June JOLTS job openings and June factory orders also weighed on the dollar.  

The US June trade deficit was -$73.3 billion, slightly larger than expectations of -$73.0 billion.

US June factory orders unexpectedly fell -0.3% m/m, weaker than expectations of +0.2% m/m.  Also, June factory orders ex-transportation unexpectedly fell -0.4% m/m versus expectations of +0.4% m/m and the biggest decline in 14 months.

US June JOLTS job openings fell -178,000 to 7.359 million, showing a weaker labor market than expectations of 7.454 million.

The markets are discounting... Read more

Commitment of Traders Positions as of Jul 28, 2026

View Chart Details
Commercials - Long / Short
121,500 (+6,702)
310,521 (+8,722)
Non-Commercials - Long / Short
198,810 (-2,645)
22,500 (-4,507)
Dealers / Intermediary - Long / Short
31,423 (+1,414)
236,930 (+9,508)
Asset / Manager - Long / Short
142,437 (+1,780)
41,277 (-1,215)
Leveraged Funds - Long / Short
128,886 (-1,106)
26,391 (-5,224)
Other Reportables - Long / Short
3,685 (+306)
14,544 (-517)

Price Performance

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Period Period Low Period High Performance
1-Month
1.39911 +0.53%
on 07/30/26
1.42387 -1.22%
on 07/06/26
-0.01335 (-0.94%)
since 07/03/26
3-Month
1.35783 +3.59%
on 05/06/26
1.42482 -1.28%
on 06/25/26
+0.04453 (+3.27%)
since 05/05/26
52-Week
1.34825 +4.32%
on 01/30/26
1.42482 -1.28%
on 06/25/26
+0.02926 (+2.12%)
since 08/05/25

Most Recent Stories

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Waiting For A Trigger, Ready To Slide

Make the most of it.

NZDJPY Eyes Bullish Wave (5) as Corrective Pullback Looks Completed

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USDCHF: How To Identify Strong Actionable Pattern

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Barchart Technical Opinion

The Barchart Technical Opinion rating is a 56% Buy with a Average short term outlook on maintaining the current direction.

Long term indicators fully support a continuation of the trend.

See More Share

Key Turning Points

3rd Resistance Point 1.41279
2nd Resistance Point 1.41040
1st Resistance Point 1.40831
Last Price 1.40652
1st Support Level 1.40383
2nd Support Level 1.40144
3rd Support Level 1.39935

See More

52-Week High 1.42482
Last Price 1.40652
Fibonacci 61.8% 1.39557
Fibonacci 50% 1.38653
Fibonacci 38.2% 1.37750
52-Week Low 1.34825

See More

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