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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 Moves Higher as Weak Stocks Boost Liquidity Demand

The dollar index (DXY00) climbed to a 13-month high on Tuesday and finished up by +0.36%.  The dollar rallied on Tuesday's plunge in equity markets, boosting liquidity demand for the currency.  The dollar also has carryover support from last Wednesday, when the FOMC projected higher interest rates later this year.  Tuesday's US economic news was mixed for the dollar as the Jun S&P manufacturing PMI unexpectedly increased, but the Jun Richmond Fed manufacturing survey of current conditions fell more than expected.

The US Jun S&P manufacturing PMI unexpectedly rose +0.6 to 55.7, stronger than expectations of a decline to 54.6 and the strongest pace of expansion in 4 years.

The US Jun Richmond Fed manufacturing survey of current conditions fell -9 to 4, weaker than the 8 expected.

The swaps markets are discounting the odds at 36% for a +25 bp rate cut hike at the next FOMC meeting on July 28-29.

EUR/USD (^EURUSD) tumbled to a 1-year low on Tuesday and finished d... Read more

Commitment of Traders Positions as of Jun 16, 2026

View Chart Details
Commercials - Long / Short
277,065 (+105,021)
420,471 (+119,615)
Non-Commercials - Long / Short
172,587 (+14,644)
39,686 (+1,742)
Dealers / Intermediary - Long / Short
34,365 (-2,437)
183,012 (+15,229)
Asset / Manager - Long / Short
137,268 (+8,729)
53,649 (-1,251)
Leveraged Funds - Long / Short
96,160 (+7,705)
31,107 (+1,275)
Other Reportables - Long / Short
2,991 (+457)
13,521 (+893)

Price Performance

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Period Period Low Period High Performance
1-Month
1.37708 +3.23%
on 05/29/26
1.42242 -0.06%
on 06/24/26
+0.03956 (+2.86%)
since 05/22/26
3-Month
1.35506 +4.91%
on 05/01/26
1.42242 -0.06%
on 06/24/26
+0.04518 (+3.28%)
since 03/24/26
52-Week
1.34825 +5.44%
on 01/30/26
1.42242 -0.06%
on 06/24/26
+0.04910 (+3.58%)
since 06/24/25

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Barchart Technical Opinion

The Barchart Technical Opinion rating is a 72% Buy with a Strongest short term outlook on maintaining the current direction.

Relative Strength is above 80%. The market is in extreme overbought territory. Beware of a trend reversal.

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Key Turning Points

3rd Resistance Point 1.43004
2nd Resistance Point 1.42587
1st Resistance Point 1.42344
Last Price 1.42236
1st Support Level 1.41684
2nd Support Level 1.41267
3rd Support Level 1.41024

See More

52-Week High 1.42242
Last Price 1.42236
Fibonacci 61.8% 1.39409
Fibonacci 50% 1.38533
Fibonacci 38.2% 1.37658
52-Week Low 1.34825

See More

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