# USD/CAD slides to its lowest level since September, eyes 1.3100 ahead of Canadian CPI/US data — Octa

> USD/CAD fell to about 1.3120, its lowest level since September 2022, for a second straight day. Support came from a modest rise in crude oil prices and a softer U.S. dollar. Traders were looking ahead to Canadian CPI and U.S. macro data.

- Date: 2023-06-27 · published 2023-06-27T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/35742-usd-cad-slides-to-its-lowest-level-since-september-eyes-1-3100-ahead-of
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker U.S. dollar against the loonie is a modest support for commodity prices quoted in dollars, with limited direct effect on feed markets. The move mainly reflects currency and oil dynamics.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1049699/

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