Canadian Dollar Holds Gains vs Soft USD as Oil Rally Counters Trade Risks
USD/CAD remained below 1.4100 in Asian trade as oil price gains supported the Canadian dollar against a softer greenback, countering trade risk headwinds.
USDCAD
The USD/CAD pair stayed on the defensive during Thursday's Asian session, trading below the 1.4100 level.
A rally in oil prices lent support to the commodity-linked Canadian dollar, offsetting lingering trade risk concerns. The US dollar remained soft in the absence of fresh catalysts.
No further details on price targets or specific trade risk factors were provided in the original report.
Source: FXStreet Forex News