# Canadian dollar hits six-week low as investors bet on additional Fed rate hikes | Reuters

> The Canadian dollar fell to a six-week low against the US dollar, trading 0.5% lower at 1.3990 per US dollar. The Federal Reserve had raised its benchmark rate by a quarter point to a 3.75%-4.00% range and signalled further hikes, and investors bet on additional increases.

- Date: 2026-09-16 · published 2026-09-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/17700-canadian-dollar-hits-six-week-low-as-investors-bet-on-additional-fed-rate-hikes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expectations of further Fed hikes strengthen the dollar and raise the cost of imported feed inputs priced in USD for non-US buyers. The direct effect on grain and oilseed prices is limited.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-14 | [US dollar falls, but off four-week lows, as Fed signals more rate hikes \| Reuters](https://feedsoft.ai/events/35412-us-dollar-falls-but-off-four-week-lows-as-fed-signals-more-rate-hikes-reuters.md) | -0.4% | -1.7% |
| DXY | 2023-06-23 | [Stocks fall, dollar up as investors weigh more rate hikes \| Reuters](https://feedsoft.ai/events/35674-stocks-fall-dollar-up-as-investors-weigh-more-rate-hikes-reuters.md) | +0.6% | -0.7% |
| DXY | 2026-09-22 | [Canadian dollar hits nearly seven-week low on wider yield spreads \| Reuters](https://feedsoft.ai/events/17699-canadian-dollar-hits-nearly-seven-week-low-on-wider-yield-spreads-reuters.md) | +1.1% | +1.4% |
| DXY | 2018-11-08 | [Canadian dollar hits eight-week low as U.S. Fed affirms rate hike policy - The Globe and Mail](https://feedsoft.ai/events/62276-canadian-dollar-hits-eight-week-low-as-u-s-fed-affirms-rate-hike-policy-the.md) | +1.0% | +1.2% |
| DXY | 2022-08-08 | [Indian rupee weakens on Fed rate hike bets, dollar demand from importers \| Reuters](https://feedsoft.ai/events/40317-indian-rupee-weakens-on-fed-rate-hike-bets-dollar-demand-from-importers-reuters.md) | -1.1% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-hits-six-week-low-investors-bet-additional-fed-rate-hikes-2026-09-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.