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fxAug 12, 2026, 3:18 AM

Canadian Dollar Eases from Two-Month High as USD/CAD Edges Up Ahead of US CPI

The USD/CAD pair rose slightly on Wednesday, snapping a three-day losing streak, as traders await US CPI data. The Canadian dollar eased from a two-month high near 1.3915.

USDCAD

The USD/CAD pair ticked higher during Asian trading on Wednesday, breaking a three-day decline that had taken it to the 1.3915 area — its lowest since June 10. Spot prices then recovered to around 1.3930.

The move lacked strong bullish conviction, with market participants holding back ahead of the latest US consumer price index report. The inflation data is expected to influence near-term dollar direction and Federal Reserve policy expectations.

Source: FXStreet Forex News