# C$ eases against broadly firmer US dollar - Markets - Business Recorder

> The Canadian dollar eased to 1.3176 per US dollar on August 26 as the US dollar broadly firmed after strong capital goods orders. Oil prices near a five-month high, lifted by Gulf of Mexico production shut-ins ahead of Hurricane Laura, limited the loonie's losses.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/51857-c-eases-against-broadly-firmer-us-dollar-markets-business-recorder
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Currency moves here are small and mostly reflect broad dollar trends and oil-linked support for the loonie. The Gulf shut-ins highlight energy supply disruption, which is only a minor driver for feed markets.

## Read by commodity

- WTI: bullish ▲
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-05-28 | [Canadian dollar falls as investors weigh US inflation surge - Markets - Business Recorder](https://feedsoft.ai/events/47328-canadian-dollar-falls-as-investors-weigh-us-inflation-surge-markets-business.md) | +4.1% | +10.9% |
| WTI | 2021-11-05 | [Canadian dollar steadies as jobs gain supports rate hike bets - Markets - Business Recorder](https://feedsoft.ai/events/44268-canadian-dollar-steadies-as-jobs-gain-supports-rate-hike-bets-markets-business.md) | +3.4% | -15.9% |
| WTI | 2021-02-24 | [Canadian dollar notches 3-year high as oil climbs - Markets - Business Recorder](https://feedsoft.ai/events/48891-canadian-dollar-notches-3-year-high-as-oil-climbs-markets-business-recorder.md) | -3.2% | -6.3% |
| WTI | 2023-04-17 | [Indian rupee declines as dollar jumps on Fed policy reassessment - Markets - Business Recorder](https://feedsoft.ai/events/36659-indian-rupee-declines-as-dollar-jumps-on-fed-policy-reassessment-markets.md) | -5.7% | -15.2% |
| WTI | 2021-08-30 | [Dollar pinned as Powell plods toward tapering - Markets - Business Recorder](https://feedsoft.ai/events/45483-dollar-pinned-as-powell-plods-toward-tapering-markets-business-recorder.md) | +0.8% | +9.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40014621

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