# USD/CAD snaps four-day uptrend above 1.3200 as Oil price edges higher past $80.00, US/Canada jobs eyed — Octa

> USD/CAD dropped to 1.3230 on July 31, its first daily fall in five sessions, as WTI crude recovered to around $80.25. Markets awaited US nonfarm payrolls and Canada's July employment report that Friday.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/35276-usd-cad-snaps-four-day-uptrend-above-1-3200-as-oil-price-edges-higher-past-80
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Crude's rebound and month-end positioning support the loonie, while upcoming jobs data may shift rate expectations that influence commodity currency flows.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1056474/

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