
USD/CAD Forecast: Dollar Pressures Loonie in Consolidation – 19 September 2025
USD/CAD consolidates around 1.38 as traders eye a breakout toward 1.39–1.40, with 1.36 holding as key support.
USD/CAD consolidates around 1.38 as traders eye a breakout toward 1.39–1.40, with 1.36 holding as key support.
The euro nudged up against the pound after the BoE rate hold, but EUR/GBP remains stuck in its 0.86–0.8750 range, favoring short-term trading setups.
The US dollar extended gains against the yen on Thursday, consolidating between 146–149 as traders await the BoJ’s decision that could trigger a breakout or sharp reversal.
The euro failed to extend gains on Thursday, holding near 1.18 as traders weigh the Fed’s rate cut and await confirmation of a breakout toward 1.20 or a return to consolidation.
The Euro (EUR) lost further ground on Thursday, pushing EUR/USD down towards three-day lows in the mid-1.1700s and adding to the post-Fed retracement.
Spot Gold extends its slide on Thursday, bottoming during American trading hours at $3,627.98. The US Dollar (USD) gathered near-term momentum following the release of encouraging United States (US) data.