# USD/CAD slides as Powell turns dovish, Canadian Retail Sales upbeat

> USD/CAD fell 0.49% to 1.3835 on August 22 after Fed Chair Powell's Jackson Hole speech signaled risks tilting toward employment and raised September rate-cut odds to 90%. Strong June Canadian retail sales also supported the loonie.

- Date: 2025-08-22 · published 2025-08-22T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/23559-usd-cad-slides-as-powell-turns-dovish-canadian-retail-sales-upbeat
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Fed easing expectations weaken the dollar, which supports dollar-priced grain and oilseed values. Stronger Canadian domestic demand has little direct effect on feed commodity prices.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 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) | +0.6% | +0.3% |
| DXY | 2023-11-30 | [US dollar falls on dovish remarks by Fed's Powell](https://feedsoft.ai/events/32901-us-dollar-falls-on-dovish-remarks-by-fed-s-powell.md) | +0.6% | -1.2% |
| DXY | 2025-08-22 | [Canadian dollar rallies the most in three months as Fed’s Powell signals possible rate cut - The Globe and Mail](https://feedsoft.ai/events/23555-canadian-dollar-rallies-the-most-in-three-months-as-fed-s-powell-signals.md) | -0.7% | -1.1% |
| DXY | 2020-12-01 | [Canadian dollar strengthens as economy grows at a record pace - The Globe and Mail](https://feedsoft.ai/events/49874-canadian-dollar-strengthens-as-economy-grows-at-a-record-pace-the-globe-and-mail.md) | -1.2% | -1.7% |
| DXY | 2020-07-29 | [Canadian dollar gains as investors sell greenbacks on ‘downbeat’ Fed - The Globe and Mail](https://feedsoft.ai/events/52351-canadian-dollar-gains-as-investors-sell-greenbacks-on-downbeat-fed-the-globe.md) | +0.4% | -0.4% |
| CORN | 2025-08-22 | [Canadian dollar rallies the most in three months as Fed’s Powell signals possible rate cut - The Globe and Mail](https://feedsoft.ai/events/23555-canadian-dollar-rallies-the-most-in-three-months-as-fed-s-powell-signals.md) | -0.6% | +7.6% |
| CORN | 2021-02-24 | [Fed Chair Powell's Dovish Testimony Weakens Dollar Against Pound & Commodities](https://feedsoft.ai/events/48542-fed-chair-powell-and-039-s-dovish-testimony-weakens-dollar-against-pound-and.md) | +0.7% | +5.4% |
| CORN | 2023-03-13 | [Dollar slides as Fed rate hike outlook tumbles after SVB collapse](https://feedsoft.ai/events/37051-dollar-slides-as-fed-rate-hike-outlook-tumbles-after-svb-collapse.md) | +0.8% | +0.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/usd-cad-slides-as-powell-turns-dovish-canadian-retail-sales-beat-202508221521

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