Usd cad news today

Here are the latest news and updates on the USD/CAD currency pair:

Current Rate: 1 USD = 1.32 CAD (as of 10:00 AM EST)

Market Analysis:

• The USD/CAD pair is trading slightly higher today, with the Canadian dollar weakening against the US dollar.
• The pair is being influenced by the ongoing trade tensions between the US and China, as well as the uncertainty surrounding the US-China trade deal.
• The Canadian dollar is also being impacted by the country's economic data, including the recent GDP growth rate, which came in lower than expected.
• The Bank of Canada's (BoC) decision to keep interest rates unchanged last week also had a negative impact on the Canadian dollar.

Economic Data:

• Canada's GDP growth rate for the second quarter came in at 1.3%, lower than the expected 1.5%.
• The country's inflation rate remained steady at 2.0% in August, as expected.
• The US GDP growth rate for the second quarter came in at 2.0%, higher than the expected 1.9%.

News and Events:

• The US and China are set to resume trade talks today, with the US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He meeting in Washington.
• The BoC will release its quarterly Monetary Policy Report today, which may provide insight into the bank's views on the Canadian economy and interest rates.
• The US Federal Reserve will release its minutes from the September meeting today, which may provide insight into the Fed's decision to cut interest rates.

Technical Analysis:

• The USD/CAD pair is trading above its 50-day moving average, indicating a bullish trend.
• The pair is also trading above its 200-day moving average, which is a sign of a strong uptrend.
• The RSI (Relative Strength Index) is indicating overbought conditions, which may lead to a pullback in the short term.

Forecasts:

• The median forecast from the Bloomberg survey suggests that the USD/CAD pair will trade at 1.33 by the end of the year.
• The median forecast from the Reuters survey suggests that the USD/CAD pair will trade at 1.35 by the end of the year.

Please note that these are just some of the latest news and updates on the USD/CAD currency pair, and should not be considered as investment advice. It's always important to do your own research and consult with a financial advisor before making any investment decisions.