Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

USD/CAD Declines as Stronger Oil Prices Boost Canadian Dollar

Guavy AI Editorial Team
Instruments
Oil
Share

The USD/CAD pair continued its decline on Thursday for a second consecutive session, trading near 1.4010 during European hours.

The Canadian Dollar strengthened due to higher crude oil prices, which typically benefit the CAD as one of the world's largest oil exporters.

West Texas Intermediate (WTI) crude oil recovered to around $74.90 per barrel after a deadly Israeli airstrike targeting Hezbollah infrastructure in southern Lebanon raised concerns over Middle East supply risks and potential disruptions to regional oil supplies.

The US labor market releases, including Initial Jobless Claims and Friday's Nonfarm Payrolls report, are expected to provide fresh insight into the health of the US labor market and shape expectations for future Federal Reserve policy.

More on Commodities

Commodities 3m ago

Inflation Fears Weigh on Wall Street as Stocks Dip Amid US-Iran Conflict

Commodities 3m ago

Oil Prices Surge as Iran Considers Strait of Hormuz Ban

Commodities 4m ago

Iranian Parliament Proposes Ban on US and Israeli Vessels from Strait of Hormuz

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy