Daily Foreign Exchange Update for May 25, 2026

May 25, 2026

Spot Rates

• USDCAD: 1.3798 - 1.3803 (as at 8:45am PST)
• Asia: 1.3795 to 1.3820
• Europe: 1.3802 to 1.3820
• North America: 1.3795 to 1.3810

Technical Support / Resistance

• S2 1.3700
• S1 1.3750
• R1 1.3850
• R2 1.3900

Key Economic Data Releases:

• U.S. Memorial Day

Important events we're watching this week:

• May 26, USA, Housing price index
• May 27, USA, ADP employment change
• May 28, USA, Core PCE price index, durable goods orders
• May 29, Canada, GDP (Mar), Q1 annualized
• May 29, USA,Chicago PMI

Market Spotlight

The USD kicks off the new trading week on the back foot as investors continue to assess news that a potential US-Iran deal could be clinched anytime soon. Against that backdrop, the US DXY reverses two consecutive daily advances and refocuses on the downside, breaching below the 99.00 support to hit new multi-day troughs. The generalised improvement in the risk-linked universe comes in response to steady rumours that the US and Iran could clinch an agreement that would allow reopening the vital Strait of Hormuz. In the meantime, these prospects continue to push crude Oil prices lower, alleviating inflation concerns and, by the same token, the idea that the Fed might keep its cautious stance for longer than initially anticipated. Meanwhile, there is no activity in the US markets in observance of the Memorial Day holiday on Monday. Next on tap for the US doclet will be the always-relevant Consumer Confidence tracked by the Conference Board, seconded by housing data, all scheduled for Tuesday.

• Currently, the TSX is up 0.95% and the DJIA is up 0.58%.
• EURCAD is up 0.20% trading between 1.6042 and 1.6086.
• GBPCAD is up 0.37% trading between 1.8546 and 1.8549.
• JPYCAD is down 0.23% trading between 0.00859 and 0.00867.
• Gold is up 1.34% trading between $4,510 - $4,580USD/oz.
• Silver is up 2.91% trading between $75.55 - $78.80USD/oz.
• Oil (WTI crude) is down 6.20% trading between $90.37 and $92.53.