USD/CAD Stabilizes Near 1.4180 Following US Yield Surge

Key Facts

The USD/CAD pair stabilized around 1.4180 following a surge in US Treasury yields triggered by upside inflation surprises. According to exchangerates.org.uk, the Canadian Dollar recovered some ground after the US Dollar reached a high of C$1.4227, as yield divergence pushed the greenback through key resistance levels.

Data released on November 10, 2026, showed the US Consumer Price Index (CPI) at 337.511, exceeding the forecast of 337.02, while the monthly inflation rate reached 0.4% against a 0.3% estimate. Additionally, US Initial Jobless Claims were reported at 200,000 on November 12, 2026, coming in higher than the anticipated 195,000.

Market participants are looking ahead to the US Producer Price Index (PPI) release scheduled for November 13, 2026, with a forecasted monthly increase of 0.4%. Fed Governor Bowman is also scheduled to deliver a speech on the same day, which may offer further insights into the monetary policy outlook.