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fxJul 21, 2026, 2:10 PM

Societe Generale: CAD Rebound Stalls on Softer Inflation, Tariff Headwinds

Societe Generale strategists say softer June inflation in Canada has stalled the Canadian Dollar's rebound from 1.4250 toward 1.40 against the USD, with failure to reclaim the 50-day moving average and new US tariffs complicating the outlook.

USDCAD

Societe Generale strategists note that softer June inflation in Canada has halted the Canadian Dollar's (CAD) recovery from 1.4250 toward the 1.40 level against the US Dollar (USD).

The failure to reclaim the 50-day moving average around 1.3991, combined with newly imposed US tariffs on Canadian goods, adds further headwinds to the currency's mean-reversion attempt.

Source: FXStreet Forex News