Neutral
USD/CAD dips below 1.3850 amid soft dollar and tariff uncertainties
Over the past 24 hours, the USD/CAD pair has experienced a slight decline, trading below the 1.3850 level. This movement is attributed to a weakening U.S. dollar, influenced by Treasury buybacks and declining long-term yields, as well as ongoing tariff uncertainties between the U.S. and Canada. Additionally, a recent pullback in oil prices has provided modest support to the Canadian dollar.
Key points
- USD/CAD trades below 1.3850 as Treasury buybacks and tariff uncertainties weigh on the U.S. dollar.
- Oil price pullback offers modest support to the Canadian dollar amid ongoing trade tensions.
- Technical analysis indicates USD/CAD remains within a descending channel, suggesting a bearish near-term bias.
Sources
- USD/CAD Balances Soft Dollar Against Tariff Risk and Oil SlipTradeVisor · August 20, 2026
- USD/CAD Price Forecast: Falls to near 1.3850 after breaking below nine-day EMAFXStreet · September 3, 2026
- USD/CAD Price Forecast: Hovers above 1.4150 as bullish bias prevailsFXStreet · July 9, 2026
- USD/CAD Price Forecast: Bears look at 1.3850 support after rejection at 1.3900FXStreet · August 19, 2026
AI-generated from public news sources. Not financial advice.
