ForexAug 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

1dForexWeekly Review: IG Seeks UK Gambling Licence; Plus500 to Acquire Brazilian BrokerIG Group has applied for a UK gambling licence to launch prediction markets in 2027, Plus500 is buying a Brazilian broker-dealer, and Google has reopened CFD ads in Denmark and Chile.
2dForexUSD/JPY Hammer Pattern Points to Rebound Risk Near 156.00USD/JPY is trading near 156.85 after a weekly decline of more than 0.74%, with a hammer candle pattern suggesting a possible rebound from the 156.00 area.USDJPY
2dForexAUDUSD Bulls Reclaim 0.7000 and Target 0.7100The Australian dollar closed Friday higher against the US dollar, gaining more than 0.22% on the day and over 1.20% for the week, and is now testing resistance near 0.7100.AUDUSD
2dForexMexican Peso Recovers but Faces Weekly Loss on Iran RiskThe Mexican peso rose about 0.32% versus the dollar but remains on track for a weekly drop of more than 1% as Middle East escalation risk weighs on sentiment.USDMXN
2dForexFrom engineering to trading: New LATAM Exness Team Pro…Exness has added Latin American trader and educator Hiram Medina to its Exness Team Pro programme, with the engineer-turned-trader championing one trade a day and 0.5-1% risk.

Related