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Fiyatlandırma
fxJul 9, 2026, 3:03 AM

USD/CAD Dips as Oil Rally Supports Canadian Dollar, BoC Hike Bets Grow

The USD/CAD pair fell to near 1.4165 during Asian trading on Thursday, pressured by a rise in crude oil prices that bolstered the commodity-linked Canadian Dollar. Traders are now awaiting the US weekly Initial Jobless Claims report.

USDCAD

The USD/CAD pair edged lower to 1.4165 during Asian hours on Thursday, extending its recent decline. The commodity-linked Canadian dollar found support from a surge in crude oil prices, which tend to benefit Canada’s export-driven economy. Additionally, rising expectations of a Bank of Canada rate hike have added further strength to the loonie.

Market participants are now turning their attention to the US weekly Initial Jobless Claims data due later in the session, which could provide fresh impetus for the pair. A weaker-than-expected US labor market reading might weigh on the greenback.

Source: FXStreet Forex News