# USD/CAD looks to the Fed Minutes for its next big move

> USD/CAD was trading near 1.3823 ahead of the FOMC minutes, with resistance from its 20-day moving average at 1.3874. U.S. consumer confidence jumped to 98 in May, and easing EU-U.S. tensions supported the dollar. Interest rate divergence, with the Bank of Canada possibly cutting in June, was cited as a key driver.

- Date: 2025-05-28 · published 2025-05-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/24922-usd-cad-looks-to-the-fed-minutes-for-its-next-big-move
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expected Bank of Canada cuts and firmer U.S. rates favor a higher USD/CAD, which raises the cost of Canadian feed commodities in U.S. dollars. The effect on feed prices is small.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/usd-cad-edges-higher-ahead-of-fomc-minutes-with-the-interest-rate-outlook-in-focus-202505281521

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