# The loonie is faltering. Here’s why the U.S. Fed might provide a lift - National | Globalnews.ca

> The Canadian dollar has weakened to near 72 U.S. cents, its lowest level in about 20 years on some measures, after Bank of Canada rate cuts. Analysts said the upcoming U.S. Federal Reserve decision could determine whether the loonie stabilizes.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/29502-the-loonie-is-faltering-here-s-why-the-u-s-fed-might-provide-a-lift-national
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie lowers the USD cost of Canadian exports, but the currency's direction depends heavily on Fed policy and oil prices.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- globalnews.ca: https://globalnews.ca/news/10652384/canadian-dollar-us-exchange-rate-federal-reserve/

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