USD/CAD Forecast: Rate Differentials Drive Bullish Momentum – 04 November 2025
The US dollar rallied sharply against the Canadian dollar on Monday, with interest rate differentials and central bank outlooks fueling continued upside.

The US dollar rallied sharply against the Canadian dollar on Monday, with interest rate differentials and central bank outlooks fueling continued upside.
Tesla gained 3% on Monday, nearing key resistance at $480 with bullish momentum pointing toward a potential breakout above $500.
Gold prices hovered near $4,000 on Monday, with fading momentum and rising uncertainty pointing to a possible distribution phase below key support.
The US dollar remains steady against the yen near ¥154, with strong support from interest rate differentials and long-term bullish momentum.
The S&P 500 struggles below 6,800 as traders react to Fed indecision, a prolonged U.S. government shutdown, and broader market caution.
The EUR/USD pair trades near a fresh three-month low of 1.1480, extending its slide amid persistent US Dollar (USD) strength. In the absence of relevant data, financial markets remain in a cautious mode, resulting in softer global indexes and a stronger US dollar.