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fxAug 13, 2026, 2:47 PM

Canadian Dollar steadies as falling Oil offsets US Dollar weakness

USD/CAD traded around 1.3940 on Thursday, little changed, as falling oil prices offset US dollar weakness.

USDCAD

USD/CAD was virtually unchanged on Thursday, trading around 1.3940 at the time of writing.

The pair remained caught between two opposing forces. The US dollar weakened after softer-than-expected US data, while the Canadian dollar struggled amid falling oil prices. The result was a broadly flat session for the cross.

Source: FXStreet Forex News