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fxAug 14, 2026, 2:26 PM

Canadian dollar rallies as weak US retail sales hits the dollar

USD/CAD traded near 1.3860, around a fresh two-month low, after a soft US Retail Sales report weighed on the US dollar.

USDCAD

The Canadian dollar was among the strongest major currencies on Friday as USD/CAD traded near the 1.3860 area, around a fresh two-month low for the pair.

A weaker-than-expected US Retail Sales report pulled the US dollar lower across the board. The loonie's strength coincided with that data, though the source noted the move may have begun before the release.

No additional details were provided.

Source: FXStreet Forex News