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Canadian Dollar Aug '23 (D6Q23)

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Canadian Dollar Futures Market News and Commentary

Dollar Finds Support from Higher T-Note Yields

The dollar index (DXY00) on Friday rose by +0.02%.  The dollar moved slightly higher on Friday, as hawkish Fed comments boosted T-note yields.  Chicago Fed President Austan Goolsbee said that, given higher inflation, the more prudent course would have been for the Fed to wait for more information before cutting rates.  Also, Kansas City Fed President Jeff Schmid and Cleveland Fed President Beth Hammack said they prefer to keep policy "modestly restrictive" because inflation remains too high and the economy continues to show momentum.  In addition, the weakness in stocks on Friday boosted some liquidity demand for the dollar. 

Gains in the dollar were limited as the Fed boosted liquidity in the financial system and began purchasing $40 billion a month in T-bills effective Friday.  Also, dovish comments from Philadelphia Fed President Anna Paulson were dollar bearish, as she said she's more concerned about the labor market than inflation.

The dollar has also been undercut... Read more

Contract Specifications

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Contract
Canadian Dollar
Contract Size
CAD 100,000
Tick Size
0.00005 points ($5.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 2:00p.m.) CST
Exchange
CME
Point Value
$100,000
Margin/Maintenance
$1,100/1,000
First Notice Date
08/15/23
Expiration Date
08/15/23 (expired)

Seasonal Chart

Canadian Dollar Aug '23
Average Price Chart for 5 Prior Aug Contracts

Commitment of Traders Positions as of Nov 18, 2025

View Chart Details
Commercials - Long / Short
228,830 (-11,090)
67,160 (+1,118)
Non-Commercials - Long / Short
24,252 (+1,101)
173,351 (-7,435)
Dealers / Intermediary - Long / Short
178,732 (-13,102)
9,866 (-644)
Asset / Manager - Long / Short
35,283 (-79)
129,396 (-6,885)
Leveraged Funds - Long / Short
21,358 (+2,574)
93,726 (+2,848)
Other Reportables - Long / Short
12,532 (+324)
2,346 (-1,930)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.74075 +0.13%
on 08/15/23
0.76240 -2.72%
on 07/20/23
-0.01560 (-2.06%)
since 07/14/23
3-Month
0.73375 +1.08%
on 05/26/23
0.76400 -2.92%
on 07/14/23
-0.00220 (-0.30%)
since 05/15/23

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Most Recent Stories

More News
Dollar Finds Support from Higher T-Note Yields

The dollar index (DXY00 ) on Friday rose by +0.02%. The dollar moved slightly higher on Friday, as hawkish Fed comments boosted T-note yields. Chicago Fed President Austan Goolsbee said that, given higher...

DXY00 : 98.392 (+0.05%)
GCG26 : 4,328.3s (+0.35%)
SIH26 : 62.007s (-4.00%)
^USDJPY : 155.827 (+0.16%)
^EURUSD : 1.17408 (+0.03%)
Dollar Supported by Hawkish Fed Comments

The dollar index (DXY00 ) today is up by +0.05%. The dollar is slightly higher today, boosted by hawkish comments from the Fed. Chicago Fed President Austan Goolsbee said that, given higher inflation,...

DXY00 : 98.392 (+0.05%)
GCG26 : 4,328.3s (+0.35%)
SIH26 : 62.007s (-4.00%)
^USDJPY : 155.827 (+0.16%)
^EURUSD : 1.17408 (+0.03%)
SP500 Remains Bullish After The FED Meeting

S&P 500 has made a very nice retracement recently; in fact for almost the whole November we have seen a pullback of around 5 to 6%, which is quite a lot for the S&P 500, and what is really important is...

Dollar Extends Post-FOMC Losses

The dollar index (DXY00 ) tumbled to a 1.75-month low on Thursday and finished down by -0.43%. The dollar was under pressure Thursday on negative carryover from Wednesday after the FOMC cut the federal...

DXY00 : 98.392 (+0.05%)
GCG26 : 4,328.3s (+0.35%)
SIH26 : 62.007s (-4.00%)
^USDJPY : 155.827 (+0.16%)
^EURUSD : 1.17408 (+0.03%)
Dollar Tumbles as Fed Boosts Liquidity

The dollar index (DXY00 ) tumbled to a 1.75-month low today and is down by -0.55%. The dollar is under pressure today on negative carryover from Wednesday after the FOMC cut the federal funds target range...

DXY00 : 98.392 (+0.05%)
GCG26 : 4,328.3s (+0.35%)
SIH26 : 62.007s (-4.00%)
^USDJPY : 155.827 (+0.16%)
^EURUSD : 1.17408 (+0.03%)
The Dollar Is Sinking After the Fed Cut Rates, So Buy the British Pound Instead

March British pound futures present a buying opportunity on more price strength.

$DXY : 98.39 (+0.04%)
B6H26 : 1.3363s (-0.18%)
Dollar Sinks as Fed Cuts Rates and Boosts Liquidity

The dollar index (DXY00 ) on Wednesday fell to a 6-week low and finished down by -0.63%. The dollar retreated on Wednesday after the FOMC cut the federal funds target range by -25 bp. The dollar was...

DXY00 : 98.392 (+0.05%)
GCG26 : 4,328.3s (+0.35%)
SIH26 : 62.007s (-4.00%)
^USDJPY : 155.827 (+0.16%)
^EURUSD : 1.17408 (+0.03%)
Dollar Slips Ahead of FOMC Meeting Results

The dollar index (DXY00 ) today is down by -0.18%. The dollar is weaker amid expectations that the Fed will cut the federal funds target range by -25 bp at the conclusion of today's FOMC meeting. The...

DXY00 : 98.392 (+0.05%)
GCG26 : 4,328.3s (+0.35%)
SIH26 : 62.007s (-4.00%)
^USDJPY : 155.827 (+0.16%)
^EURUSD : 1.17408 (+0.03%)
Skip the U.S. and Buy the Canadian Dollar Instead Before the Fed Cuts Rates

March Canadian dollar futures present a buying opportunity on more price strength.

$DXY : 98.39 (+0.04%)
D6H26 : 0.72950s (+0.09%)
GBPUSD Extends Rally As Bullish Impulse Builds

Cable is coming nicely to the upside, pushing well above the 1.3251 level and trendline resistance, and also breaking out of the base channel. This suggests we are in a third leg, and if this is wave three...

Key Turning Points

3rd Resistance Point 0.74680
2nd Resistance Point 0.74540
1st Resistance Point 0.74355
Last Price 0.74170s
1st Support Level 0.74030
2nd Support Level 0.73890
3rd Support Level 0.73705

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52-Week High 0.76400
Fibonacci 61.8% 0.75244
Fibonacci 50% 0.74888
Fibonacci 38.2% 0.74531
Last Price 0.74170s
52-Week Low 0.73375

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