# Canadian dollar rebounds from two-week low ahead of Fed decision | Reuters

> The Canadian dollar gained 0.2% to about 1.41 per US dollar after touching its weakest level since July 14 earlier in the session. Oil fell 4.2% to $79.18 a barrel on cautious optimism about a US-Iran resolution, while traders awaited the Fed decision.

- Date: 2026-07-28 · published 2026-07-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/18590-canadian-dollar-rebounds-from-two-week-low-ahead-of-fed-decision-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil prices reduce energy costs and weigh on the Canadian dollar, which affects the dollar cost of Canadian exports. The impact on feed commodity prices is modest.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-07-27 | [Canadian dollar hits near two-week low as oil prices drop \| Reuters](https://feedsoft.ai/events/18591-canadian-dollar-hits-near-two-week-low-as-oil-prices-drop-reuters.md) | -3.3% | -2.6% |
| WTI | 2023-01-30 | [Risk aversion weighs on Canadian dollar ahead of Fed rate decision - The Globe and Mail](https://feedsoft.ai/events/38035-risk-aversion-weighs-on-canadian-dollar-ahead-of-fed-rate-decision-the-globe.md) | -7.9% | -5.2% |
| WTI | 2021-08-31 | [USD/CAD rebounds from two-week lows, retakes 1.2600 mark post-Canadian GDP — Octa](https://feedsoft.ai/events/45792-usd-cad-rebounds-from-two-week-lows-retakes-1-2600-mark-post-canadian-gdp-octa.md) | -1.2% | +8.9% |
| WTI | 2023-10-30 | [Canadian dollar rebounds as safe-haven flows ease](https://feedsoft.ai/events/33848-canadian-dollar-rebounds-as-safe-haven-flows-ease.md) | -5.7% | -13.1% |
| WTI | 2021-12-15 | [Canadian dollar at nearly 3-month low as oil prices fall \| Reuters](https://feedsoft.ai/events/43853-canadian-dollar-at-nearly-3-month-low-as-oil-prices-fall-reuters.md) | +0.7% | +16.9% |

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-rebounds-two-week-low-ahead-fed-decision-2026-07-28/

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