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fxJun 26, 2026, 1:42 AM

USD/CAD Drops to 1.4200 as Oil Rally Boosts Canadian Dollar

USD/CAD fell for a second straight day, trading near 1.4200 in Asian trading on Friday, as rising oil prices supported the commodity-linked Canadian Dollar.

USDCAD

USD/CAD declined for the second consecutive session, trading around 1.4200 during Asian hours on Friday.

The Canadian dollar strengthened as crude oil prices rose, providing support to the commodity-linked currency. The pair's depreciation reflects the inverse relationship between oil prices and USD/CAD.

Source: FXStreet Forex News