# USD/CAD round-trips to 1.3690 as the post-FOMC spike fully fades

> The Fed held rates at 3.50% to 3.75% in an 8-4 vote, the most dissents since 1992, and hardened its inflation language citing energy prices. Powell said the energy surge had not peaked and that the easing bias could be dropped soon. USD/CAD closed near 1.3690.

- Date: 2026-04-29 · published 2026-04-29T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/19938-usd-cad-round-trips-to-1-3690-as-the-post-fomc-spike-fully-fades
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A hawkish Fed backed by energy-driven inflation supports the dollar and tightens financing conditions, pressuring commodity prices priced in dollars.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-14 | [Potential for the USD to rally out of the FOMC - NAB — Octa](https://feedsoft.ai/events/10201-potential-for-the-usd-to-rally-out-of-the-fomc-nab-octa.md) | +0.6% | -0.9% |
| DXY | 2025-08-27 | [EUR/USD slips to 1.1630 as Fed drama fades, France risk grows](https://feedsoft.ai/events/23537-eur-usd-slips-to-1-1630-as-fed-drama-fades-france-risk-grows.md) | -0.0% | -0.3% |
| DXY | 2026-03-27 | [Pound Slides As War Risks Lift The US Dollar - Finimize](https://feedsoft.ai/events/20432-pound-slides-as-war-risks-lift-the-us-dollar-finimize.md) | +0.1% | -1.4% |
| DXY | 2026-01-29 | [GBP/USD slides below 1.3780 as Fed hold lifts the Dollar](https://feedsoft.ai/events/21301-gbp-usd-slides-below-1-3780-as-fed-hold-lifts-the-dollar.md) | +0.6% | +0.3% |
| DXY | 2026-06-17 | [Euro folds as the Fed trades cuts for hikes](https://feedsoft.ai/events/11521-euro-folds-as-the-fed-trades-cuts-for-hikes.md) | +1.8% | +0.9% |
| WTI | 2026-01-29 | [USD/CAD slides to 1.3530, pressured by bullish Oil and weak USD](https://feedsoft.ai/events/21290-usd-cad-slides-to-1-3530-pressured-by-bullish-oil-and-weak-usd.md) | +2.9% | +3.6% |
| WTI | 2024-07-31 | [USD/CAD falls below 1.3800 as GDP beats and oil sizzles ahead of FOMC decision](https://feedsoft.ai/events/29501-usd-cad-falls-below-1-3800-as-gdp-beats-and-oil-sizzles-ahead-of-fomc-decision.md) | -2.1% | +0.6% |
| WTI | 2021-08-24 | [The Commodities Feed: USD provides a boost to the complex \| snaps \| ING THINK](https://feedsoft.ai/events/12116-the-commodities-feed-usd-provides-a-boost-to-the-complex-snaps-ing-think.md) | +5.5% | +7.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/usd-cad-whipsaws-around-13680-as-the-fed-holds-with-most-dissents-since-1992-202604291823

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