# Canadian dollar hits 6-day low as month-end buying lifts greenback

> The Canadian dollar weakened to its lowest level in nearly a week as oil prices fell and the greenback posted broad gains. US crude settled 0.6% lower at $74.83 a barrel after an unexpected rise in US inventories.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/45278-canadian-dollar-hits-6-day-low-as-month-end-buying-lifts-greenback
- 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 crude weakens biofuel economics and feedstock pricing, while a stronger dollar tends to pressure commodity prices broadly.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/canada-forex/canada-fx-debt-canadian-dollar-hits-6-day-low-as-month-end-buying-lifts-greenback-idUSL1N2QV2K8/

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