USD/CAD trades steadily near 1.40 – BBH

USD/CAD holds flat near 1.40 as traders eye potential catalysts from a US-Canada trade deal and next month’s pro-growth Canadian budget, BBH FX analysts report.

Canada retail sales unlikely to move markets

"USD/CAD is directionless around 1.4000 with technical support offered at 1.3961 (200-day moving average) and resistance at 1.4080 (October 14 high). Canada August retail sales print is unlikely to generate much financial market volatility (1:30pm London, 8:30am New York)."

"Statistics Canada advance estimate indicates retail sales increased 1.0% m/m vs. -0.8% in July. In our view, USD/CAD risks are skewed to the downside because of a possible US-Canada trade deal next week and a pro-growth Canadian budget on November 4."

Oct 23, 2025

Gold gains on safe-haven demand amid US shutdown and trade tensions

Gold (XAU/USD) edges higher on Thursday, trading around $4,115, up nearly 0.40% for the day. Demand for safe-haven assets remains firm amid the prolonged budget deadlock in Washington and persistent geopolitical uncertainty.

NZD/USD: Likely to trade in a range of 0.5725/0.5755 – UOB Group

New Zealand Dollar (NZD) is likely to trade in a range of 0.5725/0.5755. In the longer run, outlook for NZD remains neutral, but a narrower range of 0.5700/0.5770 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.