💱US Dollar/Canadian Dollar FX Spot Rate
USDCAD
▲ PositiveMonetaryrelevance
US dollar recovers on Fed rate hike expectations and Middle East risks, while Canadian dollar weakens on sliding oil prices.
Impact on assets 1
Others
The USD/CAD pair edged higher during the Asian session on Friday, snapping a three-day losing streak that had taken it to its lowest level since June 17. The move came as the Canadian dollar retreated on sliding oil prices while the US dollar recovered on Federal Reserve rate hike expectations and Middle East risks.
US dollar recovers on Fed rate hike expectations and Middle East risks, while Canadian dollar weakens on sliding oil prices.