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fxJun 19, 2026, 1:26 AM

USD/CAD Extends Gains as Oil Drop Weighs on Canadian Dollar

USD/CAD rose for a third day, trading around 1.4140, as lower oil prices pressured the commodity-linked Canadian Dollar.

USDCAD

The Canadian Dollar weakened against the US Dollar on Friday, pushing USD/CAD to a third straight gain. The pair was trading near 1.4140 during Asian hours.

The decline in the commodity-linked loonie was attributed to easing oil prices, which typically impact Canada's export-driven economy. Lower crude oil values reduce export revenues and weigh on the currency.

Source: FXStreet Forex News