Daily Foreign Exchange Update for May 14, 2026

May 14, 2026

Spot Rates

• USDCAD: 1.3720 - 1.3725 (as at 7:40 am PST)
• Asia: 1.3701 to 1.3713
• Europe: 1.3712 to 1.3724
• North America: 1.3717 to 1.3728

Technical Support / Resistance

• S2 1.3550
• S1 1.3600
• R1 1.3740
• R2 1.3770

Key Economic Data Releases:

• US retail sales 0.5% 0.5% exp. 1.6% prev.
• US initial jobless claims 211k 205k exp. 199k prev.

Important events we're watching this week:

• May 15, Canada, Canada CPI (Apr)
• May 15, USA, Empire State Mfg Index

Market Spotlight

As of May 14, 2026, USD/CAD is trading around 1.3700–1.3725, holding steady after a six-day winning streak. The pair is driven by a strong US Dollar following inflation data and a cautious market mood ahead of the US-China summit, while rising oil prices provide some support for the Canadian dollar.

Key Drivers & News (May 2026):

USD Strength: US inflation data has reinforced expectations for a more restrictive Federal Reserve policy path, keeping the USD firm.

CAD Support: Despite losing ground against the USD, the Canadian dollar is finding support from oil prices (WTI crude) trading between $100-$102.

Technical Outlook: Analysts note a bearish technical setup for USDCAD, with a break below key support at 1.38, suggesting a potential pullback towards 1.3527, although the pair is currently consolidating.

Upcoming Focus: Traders are looking ahead to US Producer Prices reports and navigating, with some analysts noting a "range-bound environment" for the pair.

• Currently, the TSX is down 0.05% while the DJIA futures are up 0.59%.
• EURCAD is down 0.11% trading between 1.6031 and 1.6065.
• GBPCAD is down 0.06% trading between 1.8511and 1.8550.
• JPYCAD is up 0.25% trading between 0.008673 and 0.008695.
• Gold is down 0.38% trading between $4,666 - $4,718 USD/oz.
• Silver is down 4.00% trading between $84.13 - $88.44 USD/oz.
• Oil (WTI crude) is down 0.17% trading between $99.46 and $102.32.