# Canadian dollar firms as softer U.S. inflation weighs on rate-hike bets By Investing.com

> The Canadian dollar firmed modestly on Sept 30 after US PCE inflation came in softer than expected, at 0.3% monthly and 3.4% annual for August. Markets scaled back bets on an October Fed hike, and Brent traded around $103.45 a barrel.

- Date: 2026-09-30 · published 2026-09-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/17701-canadian-dollar-firms-as-softer-u-s-inflation-weighs-on-rate-hike-bets-by
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Softer inflation reduces the chance of further dollar strength, which can ease pressure on USD-priced feed imports. Firm crude supports Canadian export income but does not change the feed balance directly.

## Read by commodity

- DXY: bearish ▼
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-14 | [Canadian dollar rallies as investors cheer U.S. inflation data](https://feedsoft.ai/events/33408-canadian-dollar-rallies-as-investors-cheer-u-s-inflation-data.md) | -1.8% | -1.4% |
| DXY | 2018-02-22 | [Mexico peso firms on rate hike bets, weaker U.S. dollar](https://feedsoft.ai/events/66711-mexico-peso-firms-on-rate-hike-bets-weaker-u-s-dollar.md) | +0.5% | -0.1% |
| DXY | 2025-12-18 | [GBP/USD firm as BoE rate cut lifts Sterling, soft CPI weighs on Dollar](https://feedsoft.ai/events/21760-gbp-usd-firm-as-boe-rate-cut-lifts-sterling-soft-cpi-weighs-on-dollar.md) | -0.6% | -0.1% |
| DXY | 2024-02-12 | [US Dollar: A Week of Disinflation Tests \| Investing.com UK](https://feedsoft.ai/events/31887-us-dollar-a-week-of-disinflation-tests-investing-com-uk.md) | +0.1% | -0.8% |
| DXY | 2026-07-31 | [Dollar falls over 1% for July as U.S. data, Fed paint a muddy picture on inflation By Investing.com](https://feedsoft.ai/events/8420-dollar-falls-over-1-for-july-as-u-s-data-fed-paint-a-muddy-picture-on-inflation.md) | -0.1% | -1.1% |

## Sources

- ca.investing.com: https://ca.investing.com/news/forex-news/canadian-dollar-firms-as-softer-us-inflation-weighs-on-ratehike-bets-4860569

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