# Dollar higher after Iran sanctions, loonie drops after US announces tariff increases | MarketScreener Canada

> The US dollar rose on Monday after the Trump administration expanded secondary sanctions on Iran and announced new tariffs on Canadian goods. The loonie dropped after the tariff announcement. The dollar had earlier posted its third weekly decline in four, reaching three-month lows.

- Date: 2026-08-24 · published 2026-08-24T12:00:00.000Z
- Category: geopolitics · region US · magnitude low
- Page: https://feedsoft.ai/events/18128-dollar-higher-after-iran-sanctions-loonie-drops-after-us-announces-tariff
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expanded Iran sanctions and new Canadian tariffs both affect energy and trade flows. A stronger dollar raises the cost of dollar-priced feed imports across markets.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-04-13 | [Gold drops as Hormuz blockade lifts dollar, dents Fed rate cut bets \| MarketScreener](https://feedsoft.ai/events/19648-gold-drops-as-hormuz-blockade-lifts-dollar-dents-fed-rate-cut-bets.md) | -0.7% | -0.7% |
| DXY | 2025-06-23 | [South African rand drops to one-month low after US strikes Iran](https://feedsoft.ai/events/24501-south-african-rand-drops-to-one-month-low-after-us-strikes-iran.md) | -1.1% | -0.9% |
| DXY | 2026-03-04 | [Dollar firms, euro stumbles as energy prices surge \| MarketScreener](https://feedsoft.ai/events/11005-dollar-firms-euro-stumbles-as-energy-prices-surge-marketscreener.md) | -0.6% | +1.3% |
| DXY | 2022-03-04 | [Flight to Quality Takes US Dollar Higher - ADM Investor Services](https://feedsoft.ai/events/12082-flight-to-quality-takes-us-dollar-higher-adm-investor-services.md) | +0.7% | -0.6% |
| DXY | 2026-03-29 | [Australian Dollar opens lower as Iran warns against US ground military action](https://feedsoft.ai/events/20408-australian-dollar-opens-lower-as-iran-warns-against-us-ground-military-action.md) | -0.2% | -1.8% |

## Sources

- ca.marketscreener.com: https://ca.marketscreener.com/news/dollar-higher-after-iran-sanctions-loonie-drops-after-us-announces-tariff-increases-ce7858dbdf8eff27

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.