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USD/CAD

Fundamentally balanced — the US Dollar and Canadian Dollar score within 6 points of each other.

USD US Dollar +12 Neutral · #2
vs
CAD Canadian Dollar +6 Neutral · #3

On the Macro Currency Strength Meter, the US Dollar scores +12 and the Canadian Dollar scores +6 — a gap of 6 points in favour of the US Dollar. The widest divergence is in growth, which favours the US Dollar. With both currencies scoring similarly, the fundamental case here is broadly balanced.

Pillar comparison

Which currency wins each macro driver
DriverUSDCADEdge
Interest Rates +15 -2 USD
Growth +34 -36 USD
Positioning +12 +39 CAD
Risk Mood -24 +24 CAD
Commodities +19 CAD
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