Canadian dollar futures in the latest trading update

In the latest trading update, Canadian dollar futures faced minor selling pressure following weaker-than-expected manufacturing PMI data. Risk-averse sentiment remains prevalent, with institutional accounts trimming exposure to CAD correlated assets. Explore the SWS fair ratio for Canadian Pacific Kansas City In practice, there is likely to be a slight difference between the CAD/USD futures price and spot rate. The difference Market participants observed steady buying in Canadian dollar futures after crude oil recovered 1.4%. The CAD’s correlation with energy commodities remains strong, and traders anticipate that sustained oil gains could push futures above recent consolidation patterns.