The US dollar is expected to remain firm but uneven after the Federal Reserve raised rates to 3.75%–4.00%. Resilient employment and sticky headline inflation provide support, although easing core inflation may limit further gains. The expected monthly ranges are 1.37–1.41 for USD/CAD, 1.14–1.19 for EUR/USD, 1.33–1.39 for GBP/USD and 156–162 for USD/JPY. You can also check the daily currency commentary for the most recent updates and convert CAD to USD at the right time.

Companies making business payments should focus on August PCE inflation and the third estimate of second-quarter GDP on September 30, alongside Treasury yields, Fed communication, oil prices and incoming employment indicators. These economic releases can affect USD exchange rates and create short-term volatility across major currency pairs.

A dollar crash is not the base case. The dollar still benefits from deep capital markets, reserve-currency demand and relatively high US yields. The forecast instead points to a gradual, uneven depreciation against several major currencies as interest-rate differentials narrow.