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fxAug 13, 2026, 1:46 AM

Canadian Dollar Steadies as Weaker US Dollar Offsets Oil Slide

USD/CAD held near 1.3940 in Asian trading Thursday as a softer US dollar cushioned the impact of lower crude prices.

USDCAD

USD/CAD traded in a narrow range around 1.3940 during Asian hours on Thursday, following minor gains in the previous session. The pair was little changed as a weaker US dollar helped offset downward pressure from falling oil prices on the commodity-linked Canadian dollar.

Source: FXStreet Forex News