Forex

Canadian Dollar Surges as Rate Hike Bets Fade

Guavy AI Editorial Team Published September 30, 2026

Instruments

USD CAD

The Canadian Dollar found support yesterday as investors reassessed their expectations for a potential Federal Reserve rate hike.

This came after US inflation data showed annual Personal Consumption Expenditures (PCE) price index remained unchanged at 3.4% in August, below the 3.7% expected by markets.

The core PCE Price Index, which excludes volatile food and energy components, also remained steady at 3% YoY, below the 3.3% forecast.

The Wire

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