Name Symbol Market Type
United States Dollar vs Canadian Dollar FX:USDCAD Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00691 0.52% 1.33866 1.33863 1.33868 1.34258 1.33215 1.3319 0 19:55:38

Canadian Dollar Weakens As Oil Prices Drop

15/08/2022 11:21am


US Dollar vs CAD (FX:USDCAD)
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From Aug 2022 to Feb 2023

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The Canadian dollar depreciated against its most major counterparts in the European session on Monday, as weak economic data from China sent oil prices lower.

Crude for October delivery dropped $4.40 to 93.75 per barrel.

The loonie fell to nearly a 2-week low of 102.59 against the yen and a 4-day low of 1.3210 against the euro, off an early high of 104.56 and a 6-day high of 1.3093, respectively.

Against the greenback, the loonie was down at a 1-week low of 1.2934.

The next possible support for the Canadian currency is seen around 98.00 against the yen, 1.34 against the euro and 1.32 against the greenback.

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1 Year US Dollar vs CAD Chart

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