# USD/CAD struggles for a firm intraday direction, consolidates above 1.3500 mark

> USD/CAD held above the 1.3500 level in Asian trading after a rebound from 1.3420, the lowest since March 8. Traders weighed bets on a larger Bank of Canada cut, Fed rate expectations and Middle East tensions.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/28559-usd-cad-struggles-for-a-firm-intraday-direction-consolidates-above-1-3500-mark
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

This is routine currency commentary with no new cause for a firm move. It has little direct bearing on feed commodity prices.

## Read by commodity

- USDCAD: neutral

## Sources

- fxstreet.com: https://www.fxstreet.com/news/usd-cad-struggles-for-a-firm-intraday-direction-consolidates-above-13500-mark-202409300418

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