Close Menu
Daily ForexDaily Forex
  • Home
  • Broker Comparison
  • Market Rates
  • Market Updates
  • News
  • About us
  • Contact us
  • List your Broker
  • Advertise with us

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

USD to PKR Exchange Rate – October 7, 2025

October 7, 2025

Gold Price in Pakistan – 7 October 2025

October 7, 2025

USD to PKR Exchange Rate – October 2, 2025

October 2, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • List Your Broker
  • Advertise with Us
  • Economic Calendar
Facebook X (Twitter) Instagram YouTube Telegram
Daily ForexDaily Forex
Demo
  • Home
  • Broker Reviews
  • Learn Forex
  • Learn Crypto
  • Market Rate
  • Market Updates
  • News
  • Local News
Daily ForexDaily Forex
Home » USD/CAD Hits 3-Month Highs as Market Awaits Powell’s Jackson Hole Speech
Currency Updates

USD/CAD Hits 3-Month Highs as Market Awaits Powell’s Jackson Hole Speech

By Yasher RizwanAugust 22, 2025No Comments3 Mins Read5 Views
Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

USD/CAD Climbs to Fresh Highs Amid Shifting Fed Rate Cut Expectations

The USD/CAD pair has surged to a fresh three-month high of 1.3915 on Friday, continuing its bullish run for the fourth consecutive session. This latest gain comes amid a strengthening US Dollar, fueled by easing expectations for a Federal Reserve rate cut in September. As the market prepares for Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium, investors remain keen on any clues about the central bank’s upcoming policy decisions.

Fed Rate Cut Odds Ease, Strengthening USD

According to the CME FedWatch Tool, market participants are now pricing in a 74% probability of a rate cut in September, down from 82% earlier this week. This shift follows the release of stronger-than-expected US economic data, including robust Purchasing Managers’ Index (PMI) figures and rising Initial Jobless Claims.

  • The preliminary S&P Global US Composite PMI edged higher to 55.4 in August, surpassing the previous reading of 55.1.
  • The US Manufacturing PMI showed strong growth, increasing to 53.3 from 49.8, exceeding the consensus estimate of 49.5.
  • The Services PMI slipped slightly to 55.4 but remained stronger than the expected 54.2.

Moreover, Initial Jobless Claims rose to 235K for the prior week, signaling potential softening in the US labor market, although it still remains relatively low.

Canada’s Economic Data Adds Pressure on CAD

While the USD continues to show strength, the Canadian Dollar also gained support from the latest domestic data. Canada’s Industrial Product Price Index (IPPI) for July rose by 0.7%, exceeding market expectations of a 0.3% increase. This came after a 0.5% rise in June and reflects stronger-than-anticipated inflationary pressures within Canada.

USD/CAD Technical Analysis – Bulls Eyeing 1.40

Despite the strong performance of the US Dollar, the upside for USD/CAD could face resistance at the 1.3915 mark as traders await further guidance from Jerome Powell’s speech at the Jackson Hole Symposium. If Powell signals a more dovish stance or hints at further easing, the Canadian Dollar could recover, capping gains for USD/CAD.

On the downside, the pair may find support near the 1.3800 zone, with any corrective pullbacks viewed as potential buying opportunities. A sustained push above 1.3915 could open the door for further upside, targeting the psychological 1.4000 level.

Key Levels to Watch:

  • Resistance: 1.3915 (3-month high), 1.4000 (psychological level)
  • Support: 1.3800, 1.3750 (previous lows)

Traders should remain cautious as market sentiment fluctuates ahead of Powell’s speech, with the USD/CAD pair potentially seeing further volatility as new economic data and policy signals emerge.

Stay updated with Daily Forex Pakistan.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Fed’s First Rate Cut of 2025 Looms: Will It Be the Start of a Larger Easing Cycle?

September 17, 2025

Yen on Edge Ahead of Japan’s Election While Aussie Awaits RBA Moves

September 12, 2025

NZD/USD Slides Below 0.5900 as Weak China CPI and Firm Dollar Weigh on Kiwi

September 12, 2025

Silver Surges to $42: Can XAG/USD Extend Its 13-Year Breakout?

September 12, 2025

Gold Price Forecast: XAU/USD Climbs Above $3,650 as Fed Bets Drive Safe-Haven Rally

September 12, 2025

Dollar Weakness Deepens as Traders Await US Inflation Data – GBP/USD and EUR/USD Stay Strong

September 12, 2025
Leave A Reply Cancel Reply

Top Posts

Should Forex Traders Use Brokers Offering Deposit Bonuses? Is It Really Worth It?

March 6, 20252,715 Views

Pakistan Confident in IMF Bailout Review as Economic Stability Gains Momentum

March 4, 20252,651 Views

Gold Price in Pakistan Today – March 7, 2025 (Morning Update)

March 7, 20252,640 Views
Don't Miss

USD to PKR Exchange Rate – October 7, 2025

October 7, 2025

Check the latest USD to PKR exchange rate for 7 October 2025. Stay updated with forex trends and opening market rates in Pakistan.

Gold Price in Pakistan – 7 October 2025

October 7, 2025

USD to PKR Exchange Rate – October 2, 2025

October 2, 2025

Gold Prices in Pakistan – 2 October 2025

October 2, 2025
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest Reviews
Daily Forex
Facebook X (Twitter) YouTube
  • Home
  • Privacy Policy
  • Terms of use
  • Disclaimer
  • Feedback
Copyright © 2025 DailyForex.pk. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.