Daily Foreign Exchange Update for June 25, 2026

Spot Rates: * USDCAD spot rate: 1.4215 - 1.4220 (as at 6:45am PST) * Asia: 1.4223 to 1.4242 * Europe: 1.4233 To 1.4248 * North America: 1.4212 to 1.4244

Technical Support / Resistance: * S2 1.4150 * S1 1.4200 * R1 1.4250 * R2 1.4300

Key Economic Data Releases: - U.S. initial jobless claims 215k 225k exp/ 227k prev.

Important events we're watching this week: * June 26, USA, University of Michigan Sentiment (final) Market Spotlight

The USD/CAD pair is hovering near its highest level since April 2025. The Loonie's decline is driven by hawkish Federal Reserve interest rate expectations and lower oil prices. The pair is consolidating as traders await fresh US PCE data and Bank of Canada guidance.

Key Drivers & Market Sentiment

• The Fed Factor: Resilient US economic data and inflation readings have pushed the market to price in further potential Fed interest rate hikes, giving the US Dollar a sustained advantage. • Loonie Weakness: The Canadian Dollar is pressured by softer energy prices and a slower domestic economy.

• Mixed Outlook: While the trend remains bullish for the USD, technical indicators on daily charts suggest the pair may be overbought in the near term, with analysts like Commerzbank noting the recent USD surge is potentially exaggerated.

• Currently, the TSX is up 0.72% while the DJIA futures are up 0.69%. * EURCAD is down 0.03% trading between 1.6136 and 1.6182. * GBPCAD is up 0.10% trading between 1.8725 and 1.8777. * JPYCAD is down 0.15% trading between 0.008786 and 0.008802. * Gold is up 0.30% trading between $3,962 - $4,033 USD/oz. * Silver is up 1.35% trading between $56.33 - $59.02 USD/oz. * Oil (WTI crude) is down 0.74% trading between $68.95 and $70.17.