Home / Market Update / Forex Market / USD/CAD Rises as Oil Prices Decline

USD/CAD Rises as Oil Prices Decline

The U.S. Dollar (USD) rose against its Canadian counterpart (CAD) on Monday, with the latter falling on the decline in crude oil prices.

The USD/CAD pair is trading higher for the day by about 0.37% at 1.2337.

The pair has been moving in a mostly rising trend today, in a range between 1.2288 and 1.2348, mostly in the positive territory, after closing last week at 1.2292 and opening today at 1.2292.

Check Also

Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes

The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% …