# FED Disapointment Sees The US To Canadian Dollar Exchange Rate Slide

> The loonie held up against the US dollar as Canadian manufacturing PMIs improved, while the US dollar gained after strong ADP employment data. Investors were disappointed the Fed gave no clear timing for its next rate hike.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/73225-fed-disapointment-sees-the-us-to-canadian-dollar-exchange-rate-slide
- 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

Fed rate-hike expectations shape the dollar's direction, which feeds into dollar-priced grain and oilseed values and US export competitiveness.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-28 | [Euro US Dollar Exchange Rate Falls \| Exchange Rates UK](https://feedsoft.ai/events/39364-euro-us-dollar-exchange-rate-falls-exchange-rates-uk.md) | +1.2% | -2.4% |
| DXY | 2019-09-24 | [Rates In US Continue To Put Upwards Pressure On The US Dollar \| Exchange Rates UK](https://feedsoft.ai/events/57274-rates-in-us-continue-to-put-upwards-pressure-on-the-us-dollar-exchange-rates-uk.md) | +0.6% | -1.1% |
| DXY | 2018-04-30 | [US Dollar To Australian Dollar (USD/AUD) Exchange Rate Rises 0.5% On US Spending Stats](https://feedsoft.ai/events/65756-us-dollar-to-australian-dollar-usd-aud-exchange-rate-rises-0-5-on-us-spending.md) | +1.0% | +2.2% |
| DXY | 2018-04-30 | [Euro-Dollar Exchange Rates To Face German Inflation, FED And US Jobs This Week \| Exchange Rates UK](https://feedsoft.ai/events/65728-euro-dollar-exchange-rates-to-face-german-inflation-fed-and-us-jobs-this-week.md) | +1.0% | +2.2% |
| DXY | 2025-07-30 | [Canadian Dollar recedes after Fed rate hold — Octa](https://feedsoft.ai/events/23976-canadian-dollar-recedes-after-fed-rate-hold-octa.md) | -0.0% | -0.4% |
| WTI | 2018-05-31 | [Oil Price Slides, Canadian Dollar Exchange Rates Side With It \| Exchange Rates UK](https://feedsoft.ai/events/65244-oil-price-slides-canadian-dollar-exchange-rates-side-with-it-exchange-rates-uk.md) | -5.1% | +11.1% |
| WTI | 2023-04-17 | [Canadian dollar slips, pressured by Fed rate hike bets - The Globe and Mail](https://feedsoft.ai/events/36641-canadian-dollar-slips-pressured-by-fed-rate-hike-bets-the-globe-and-mail.md) | -5.7% | -15.2% |
| WTI | 2024-01-31 | [Canadian dollar weakens as Fed rate signal offsets GDP gain - The Globe and Mail](https://feedsoft.ai/events/32333-canadian-dollar-weakens-as-fed-rate-signal-offsets-gdp-gain-the-globe-and-mail.md) | -6.0% | +1.3% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17287/usd-cad-exchange-rate-news-updates-and-future-forecast.html

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