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Canadian Dollar gains strength as rising oil prices drive USD/CAD depreciation

Reported · Written up by our desk · Major Pairs

USD/CAD extends its losing streak for the sixth consecutive day, trading around 1.4040 during Asian hours on Thursday. The currency pair experienced downward pressure as the commodity-linked Canadian Dollar (CAD) gained strength from a rally in crude oil prices.

Latest closeWTI crude $98.01 ▼5.5%

← Newer storyReturn to Lender: Week of Oct. 22, 2026

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FXStreetCanadian Dollar gains strength as rising oil prices drive USD/CAD depreciation

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