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fxJun 11, 2026, 8:57 AM

USD/CAD Rallies to 1.3970, Fresh High Since November 2025 on Oil Slump

The USD/CAD pair rallied to 1.3970, a fresh high since November 2025, driven by a slump in oil prices.

USDCAD

The USD/CAD pair attracted fresh buyers after dipping to the 1.3930 intraday area on Thursday, building on a bounce from weekly lows. The rally pushed the pair to 1.3970, marking its highest level since November 2025.

The move was fueled by a sharp decline in oil prices, which weighed on the commodity-linked Canadian dollar. The greenback also saw broad strength amid cautious risk sentiment.

Source: FXStreet Forex News