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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
  -0.00132 -0.1% 1.34212 1.34209 1.34214 1.34445 1.34212 1.34378 0 07:44:36

Canadian Dollar Weakens As Oil Prices Drop

15/08/2022 11:21am

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US Dollar vs CAD (FX:USDCAD)
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From Jun 2022 to Dec 2022

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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.

1 Year US Dollar vs CAD Chart

1 Year US Dollar vs CAD Chart

1 Month US Dollar vs CAD Chart

1 Month US Dollar vs CAD Chart
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