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ForexMedium•13 February 2026•

1 min read

US Dollar Gains Against CAD Amid Reduced Fed Rate Cut Expectations

Donald Trump against maps of the US and Iran, with oil barrels, pipelines, derricks, and upward financial charts amidst flames.

The USD/CAD pair recorded modest gains, trading around 1.3615 during Friday's Asian session. This upward movement reflects a strengthening US Dollar against its Canadian counterpart. The primary catalyst is the market's diminishing expectation for near-term interest rate cuts by the Federal Reserve. Recent robust US jobs data has played a significant role in tempering these rate cut anticipations. Consequently, the outlook for the US Dollar remains supported, while the Canadian Dollar faces headwinds.

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