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fxAug 17, 2026, 1:39 PM

USD/CAD Falls to Lowest Since June 3 on Hot Canadian Inflation

USD/CAD dropped to its weakest level since June 3 as hotter-than-expected Canadian inflation supported the loonie while the US dollar stayed under pressure.

USDCAD

USD/CAD fell to its lowest level since June 3 on Monday as the US dollar remained under pressure. Hotter-than-expected Canadian inflation data provided additional support to the Canadian dollar.

At the time of writing, the pair was trading near the lows of the session, according to the update. The inflation surprise reinforced demand for the loonie, while the broader US dollar stayed on the back foot.

Source: FXStreet Forex News