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fxJul 10, 2026, 9:25 AM

Canadian Dollar Strengthens Against USD, Says Societe Generale

Societe Generale strategists note that USD/CAD is tactically expensive relative to the 2-year spread and recently faced resistance near 1.4250 before retracing lower.

USDCAD

Strategists at Societe Generale highlight that the Canadian dollar has firmed against the US dollar. According to their analysis, USD/CAD is currently overvalued on a tactical basis when compared to the 2-year interest rate spread. The pair encountered resistance around the 1.4250 level, which triggered a pullback from that area.

Source: FXStreet Forex News