💱US Dollar/Canadian Dollar FX Spot Rate
USDCAD
▼ NegativeMonetaryrelevance
Canadian dollar strengthens on oil price fears, pushing USD/CAD lower
The USD/CAD pair traded marginally lower at around 1.4033 during the European session on Friday, with further downside likely toward 1.3970. The Canadian dollar outperformed its major peers amid fears that oil prices could accelerate further.
Canadian dollar strengthens on oil price fears, pushing USD/CAD lower