Daily Foreign Exchange Update for June 8, 2026

Spot rates

• USDCAD: 1.3950 - 1.3955 (as at 8:45am PST)
• Asia: 1.3936 to 1.3952
• Europe: 1.3926 To 1.3953
• North America: 1.3936 to 1.3953

Technical Support / Resistance:

• S2 1.3850
• S1 1.3900
• R1 1.4000
• R2 1.4050

Important events we're watching this week:

• June 10, Canada, BOC interest rate
• June 10, USA, CPI
• June 11, USA, Jobless claims, producer price index

Market Spotlight

The USD/CAD pair trades in positive territory around 1.3950 during the early sessions on Monday. The USD strengthens against the CAD, the highest since April 3, amid intensified geopolitical tensions in the Middle East. Furthermore, a stronger-than-expected US jobs report has reignited expectations that the US Fed may raise the interest rate later this year, lifting the Greenback. Markets are now pricing in more than a 70% chance that the Fed will raise rates in December, sharply up from a 45% probability a week ago, according to the CME FedWatch tool.

• Currently, the TSX is up 0.82% and the DJIA is up 0.24%.
• EURCAD is up 0.32% trading between 1.6025 and 1.6101.
• GBPCAD is up 0.14% trading between 1.8549 and 1.8625.
• JPYCAD is up 0.24% trading between 0.00868 and 0.00871.
• Gold is up 0.19% trading between $4,267 - $4,353USD/oz.
• Silver is up 1.60% trading between $66.14 - $68.93USD/oz.
• Oil (WTI crude) is up 1.09% trading between $90.46 and $95.47.