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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 on Solid US Economic News

The dollar index (DXY00) today is up by +0.52%.  The dollar is climbing today on concerns that US trade policies will keep inflation elevated and dissuade the Fed from lowering interest rates. The dollar added to its gains on signs of strength in the US economy after weekly jobless claims rose less than expected, the Mar Philadelphia Fed business outlook survey fell less than expected, and Feb existing home sales unexpectedly rose.

US weekly initial unemployment claims rose +3,000 to 223,000, showing a slightly stronger labor market than expectations of 224,000.

The US Mar Philadelphia Fed business outlook survey fell -5.6 to 12.5, stronger than expectations of 9.0.

US Feb existing home sales unexpectedly rose +4.2% m/m to 4.26 million, stronger than expectations of 3.95 million.

US Feb leading economic indicators fell -0.3% m/m, weaker than expectations of -0.2% m/m.

The markets are discounting the chances at 18% for a -25 bp rate cut after the May 6-7... Read more

Commitment of Traders Positions as of Mar 11, 2025

View Chart Details
Commercials - Long / Short
120,803 (+5,392)
276,951 (+6,560)
Non-Commercials - Long / Short
161,607 (-4,338)
19,197 (-2,978)
Dealers / Intermediary - Long / Short
16,970 (-649)
220,845 (-4,007)
Asset / Manager - Long / Short
177,603 (-1,119)
30,511 (-1,058)
Leveraged Funds - Long / Short
70,407 (-4,774)
6,946 (-3,655)
Other Reportables - Long / Short
3,444 (-288)
23,860 (+4,418)

Price Performance

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Period Period Low Period High Performance
1-Month
1.41686 +1.31%
on 02/21/25
1.45422 -1.29%
on 03/04/25
+0.01796 (+1.27%)
since 02/20/25
3-Month
1.41512 +1.43%
on 02/14/25
1.47925 -2.96%
on 02/03/25
-0.00054 (-0.04%)
since 12/20/24
52-Week
1.34198 +6.96%
on 09/25/24
1.47925 -2.96%
on 02/03/25
+0.08618 (+6.39%)
since 03/20/24

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Barchart Technical Opinion

The Barchart Technical Opinion rating is a 88% Buy with a Strongest 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 1.44049
2nd Resistance Point 1.43770
1st Resistance Point 1.43517
Last Price 1.43561
1st Support Level 1.42985
2nd Support Level 1.42706
3rd Support Level 1.42453

See More

52-Week High 1.47925
Last Price 1.43561
Fibonacci 61.8% 1.42681
Fibonacci 50% 1.41061
Fibonacci 38.2% 1.39442
52-Week Low 1.34198

See More

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