USD/CAD trades around 1.3778 as the dollar index sits near a three-month low around 98.80–98.75.
USD/CAD trades around 1.3778 on Thursday, down 0.22% on the day, near a three-month low. That is the FXStreet 15:02 GMT stamp. Higher oil is supporting the Canadian dollar even as the US dollar stages a modest recovery. EUR/CAD is the other live loonie tape.
On that same page, WTI trades around $85.80 a barrel, up nearly 5% so far this week. The live WTI note stays on its own stamp.
The Loonie also draws support from signs of progress in US-Canada trade talks, the same page writes. Trump paused planned 50% tariffs on around $20 billion of Canadian goods for three days on Wednesday, saying the two countries have a deal.
The dollar index on that page trades around 98.80, recovering from an intraday low of 98.56, its weakest since 14 May. Initial claims fell to 206K versus 210K, previous 212K. Scotiabank, as FXStreet reprints it, says the risk of a September hike is still lower than market-implied probabilities, which they put at a bit more than 30%. USD/CHF is the other live dollar tape.
Live loonie is on prices. The next stamps sit on the economic calendar.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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USD/CAD near 1.3815 after a 1.3835 high as the loonie firms and WTI extends near $97.20. FedWatch ~64% chance of a 25 bp hike on this stamp; DXY ~98.96.
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