{
  "id": 10575282,
  "title": "Canadian Dollar slumps to its lowest level since July 9, eyes 1.4200 vs bullish USD",
  "url": "https://urgent.news/2026/09/29/canadian-dollar-slumps-to-its-lowest-level-since-july-9-eyes-1-4200",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T01:10:58.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/canadian-dollar-slumps-to-its-lowest-level-since-july-9-eyes-14200-vs-bullish-usd-202609290110"
  },
  "original_language": "en",
  "account": "The Canadian Dollar experienced a significant decline, reaching its lowest level since July 9 and approaching the 1.4200 mark during the Asian trading session on Tuesday. This downward movement aligns with the bullish trend of the US Dollar (USD), which has been on an upward trajectory for three weeks and is now closer to the 1.4200 level. The Federal Reserve (Fed) signaled potential further rate hikes later in the year after raising interest rates by 25 basis points (bps) for the first time in over three years in the previous month. Energy-driven inflation concerns contribute to the expectation of additional rate increases, causing US bond yields to reach multi-year highs and strengthening the US Dollar. Geopolitical uncertainties, particularly the US-Iran standoff, further bolster the safe-haven status of the USD, benefiting the USD/CAD pair. Meanwhile, the Bank of Canada's (BoC) relatively dovish policy stance and ongoing US-Canada trade tensions further weigh on the Canadian Dollar, which is heavily influenced by commodity prices. Analysts suggest that bulls may wait for upcoming economic data releases, such as the US Personal Consumption Expenditures (PCE) Price Index and Nonfarm Payrolls (NFP) report, before making further moves. The USD/CAD pair has extended its advance, reasserting key Fibonacci retracement levels and staying above the 100-day Simple Moving Average (SMA). The immediate resistance lies at the cycle high of 1.4248, while support can be found at the 78.6% retracement at 1.4137 and the 61.8% level at 1.4049.",
  "summary": "The USD/CAD pair prolongs a three-week-old upward trajectory, rising to its highest level since July 9 and closer to the 1.4200 mark during the Asian session on Tuesday amid a bullish US Dollar (USD).",
  "key_points": [
    "Canadian Dollar hits lowest level since July 9",
    "USD climbs to 1.4200 level",
    "Fed's rate hikes and trade tensions weaken CAD"
  ],
  "editors_take": "The Canadian Dollar's decline signals a shift in favor of the US Dollar, driven by the Federal Reserve's hawkish stance, energy-driven inflation concerns, and geopolitical uncertainties, which weigh on the Canadian currency.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}