Bearish
USD/CAD drops to 1.4055 amid soft US CPI and rising oil prices
In the past 24 hours, the USD/CAD pair declined to 1.4055, its lowest level since June 17, 2026. This movement was driven by weaker-than-expected US inflation data and a surge in oil prices, which bolstered the Canadian dollar. Traders are now focusing on upcoming economic indicators, including the Bank of Canada's interest rate decision and US Producer Price Index data.
Key points
- USD/CAD falls to 1.4055, lowest since June 17, 2026, amid soft US CPI and rising oil prices.
- Traders await Bank of Canada's interest rate decision and US PPI data for further direction.
Sources
- Canadian Dollar climbs to four-week high on soft US CPI, rising Oil pricesTMGm · July 14, 2026
- U.S. Dollar Retreats As Inflation Rate Drops To 3.5%: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPYFXEmpire · July 14, 2026
- Canadian dollar gains as oil jumps on Mideast hostilitiesKitco News · July 8, 2026
AI-generated from public news sources. Not financial advice.
