Forex

USD/CAD Consolidates Near Recent Lows Amid Oil Price Strength

Guavy AI Editorial Team Published August 11, 2026

Instruments

USD CAD

The USD/CAD pair has been consolidating near its recent two-month low, trading below the mid-1.3900s during the Asian session on Tuesday.

Stronger oil prices and upbeat Canadian employment data are supporting the Canadian Dollar, while modest US dollar strength is limiting further downside in the pair.

Markets remain cautious ahead of key U.S. CPI and PPI releases, which are expected to guide the next directional move in USD/CAD.

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