1.4000 within reach: USD/CAD consolidates gains after Fed’s hawkish hike

The US Dollar (USD) held its ground at one-and-a-half-month highs against the Canadian Dollar (CAD) on Thursday, supported by the Federal Reserve’s (Fed) interest rate hike and the unexpectedly hawkish message from Chairman Kevin Warsh.

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-17
• rates

Topics: gold news, gold price impact, rates