USD/CAD consolidates below the 1.3800 mark during Friday’s Asian session, near a nearly two-week low.
USD/CAD consolidates below the 1.3800 mark during Friday’s Asian session, near a nearly two-week low. That is the session stamp.
Three forces sit on that stamp. Oil remains firm on the Hormuz / US–Iran tape, supporting the loonie. The Bank of Canada is read as hawkish into its September meeting. The dollar itself softened after Waller leaned toward a hold if inflation progresses. That stack is why the pair is parked under 1.3800.
US NFP and Canada employment print in the same slot later Friday. They have not released. consensus for Canada is Employment F 15.1K / P 75.1K and UR F 6.4% / P 6.4%. A soft oil fade plus a hot US labour surprise would be the falsifier for this loonie bid.
The August NFP PRINT + Canada miss is the jobs tape — distinct from this pre-print USD/CAD hold.
The post-print USD/CAD rise toward 1.3850 is a separate URL — this note stays the morning pre-print brace.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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USD/CAD near 1.3815 after a 1.3835 high as the loonie firms and WTI extends near $97.20. FedWatch ~64% chance of a 25 bp hike on this stamp; DXY ~98.96.
GBP/USD under pressure near 1.3525 (−0.17%) as hot PPI keeps a September Fed hike in play. FedWatch nearly 70% chance of a 25 bp increase; Brent above $100.
USD/INR hits a fresh 10-day high at 95.47 as oil extends its rally on intact US–Iran tensions. RBI still intervening in spot and NDF; FCNR mobilisation stamped at $136.38bn.