# USD/CAD off weekly lows, still depressed below 1.3100 mark post-US/Canadian data — Octa

> USD/CAD dropped to near one-week lows around 1.3055 on Wednesday amid COVID restriction concerns in US states and firmer crude oil prices. Canadian October CPI rose 0.4% month-on-month, and the yearly rate unexpectedly rose to 0.7%.

- Date: 2020-11-18 · published 2020-11-18T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/50388-usd-cad-off-weekly-lows-still-depressed-below-1-3100-mark-post-us-canadian-data
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

This is routine currency commentary driven by oil and macro data, with no direct grain or feed supply impact. Stronger crude supports energy-linked costs but does not change feed fundamentals.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/864094/

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