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fxJul 15, 2026, 10:29 AM

Canadian Dollar Holds Near One-Month High Ahead of BoC Decision

The Canadian Dollar is trading near its strongest level in a month as USD/CAD slips below the key 1.4100 mark ahead of the upcoming Bank of Canada decision.

USDCAD

The Canadian Dollar (CAD) is holding near a one-month high as the greenback weakens against it. The USD/CAD pair has moved below the psychologically important 1.4100 level, reflecting broad-based CAD strength.

Traders are focusing on the Bank of Canada’s (BoC) upcoming monetary policy decision, which is widely expected to influence near-term directional bias. The current price action suggests the market is positioning for a potential hawkish hold or a rate cut that is already partially priced in.

Technical levels around 1.4100 will remain key for the pair; a sustained break below could open the door to further CAD gains, while a bounce back above that level would signal renewed USD demand.

Source: FXStreet Forex News