Daily Canadian Dollar News & Analysis
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Daily Currency Performance Table
| Currency Pair | Opening Rate | Daily Change | Weekly Change | Monthly Change |
|---|---|---|---|---|
| USD / CAD | 1.3807 | -0.32% | -1.15% | -0.32% |
| EUR / CAD | 1.5667 | 0.28% | 0.52% | -0.65% |
| GBP / CAD | 1.8635 | 0.27% | 0.54% | 0.85% |
| CAD / JPY | 103.80 | -0.19% | -0.46% | 0.80% |
| CAD / CHF | 0.5982 | 0.00% | -0.28% | 0.18% |
| CAD / CNY | 5.22 | 0.38% | 1.08% | -0.83% |
| CAD / INR | 61.68 | -0.47% | 0.81% | 0.18% |
| AUD / CAD | 0.8922 | 0.46% | -0.22% | 0.50% |
| NZD / CAD | 0.8223 | 0.64% | 0.12% | -0.98% |
| CAD / MXN | 13.95 | 0.06% | 0.03% | -1.38% |
| Foreign Exchange News Today | |||||
|---|---|---|---|---|---|
| USD | US dollar weakens amid concerns over the nation’s fiscal outlook following the House’s approval of Trump’s tax bill; markets turn to housing data for direction. | ||||
| CAD | Canadian dollar climbs to a two-week high, supported by continued USD softness and fading BoC rate cut expectations, with retail sales data in focus. | ||||
| EUR | Euro advances as bulls gain traction following ECB comments highlighting a slowdown in wage growth, easing inflation concerns; EU-US trade tensions remain a looming risk. | ||||
| GBP | Sterling surges to multi-year highs after UK retail sales jump 1.2% in April, beating forecasts, while consumer confidence improves by three points. | ||||
| JPY | Yen trades in a tight range as bulls hold off on new positions; hawkish BoJ expectations and persistent safe-haven demand provide downside protection. | ||||
| AUD | Australian dollar edges higher on optimism surrounding easing of US-China trade tensions but gains remain limited by the RBA’s dovish policy stance. | ||||
| Key Economic News Today | |||
|---|---|---|---|
| USD | May 23, 2025 | Building Permits | |
| CAD | May 23, 2025 | Retail Sales | |
| USD | May 23, 2025 | New Home Sales | |
| USD | May 23, 2025 | Fed Cook Speech | |
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Understanding FX markets today
Exchange rates can fluctuate daily in response to major economic indicators—central bank decisions, inflation data, GDP releases, and unexpected geopolitical events. The FX markets are highly reactive, and even a single announcement can trigger rapid shifts in currency values. That’s why staying informed through daily FX news is essential.
The MTFX's FX daily page provides accurate market insights and live exchange rate data to help you track trends. Note that rates shown may change at any time due to market volatility. Get real-time, bank-beating exchange rates from MTFX to transfer money in 50+ currencies.
Understanding FX markets today
Exchange rates can fluctuate daily in response to major economic indicators—central bank decisions, inflation data, GDP releases, and unexpected geopolitical events. The FX markets are highly reactive, and even a single announcement can trigger rapid shifts in currency values. That’s why staying informed through daily FX news is essential.
The MTFX's FX daily page provides accurate market insights and live exchange rate data to help you track trends. Note that rates shown may change at any time due to market volatility. Get real-time, bank-beating exchange rates from MTFX to transfer money in 50+ currencies.
Why trust MTFX for currency insights?
With over 30 years of FX experience, MTFX is a trusted Canadian fintech known for regulatory compliance, secure transfers, and expert guidance. As a FINTRAC-registered provider, we deliver transparency and reliability in every transaction—backed by strong industry knowledge and cutting-edge technology.
Our daily FX calendar highlights key market-moving events, while MTFX live rates offer real-time exchange data to help you make informed decisions. From individuals sending money abroad to businesses managing international payments, clients across sectors trust MTFX for accurate insights and better-than-bank rates to stay ahead in today’s fast-moving currency markets.
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