# USD/CAD offered near 1.2600, looks to test 1.2550 — Octa

> USD/CAD was offered near 1.2600 as the US dollar sold off on falling Treasury yields and risk-off sentiment. WTI traded near $59.50, supporting the loonie after the prior day's sharp oil drop.

- Date: 2018-02-13 · published 2018-02-13T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/66731-usd-cad-offered-near-1-2600-looks-to-test-1-2550-octa
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Routine currency commentary with oil and dollar moves; a softer USD and steady crude support the loonie, which affects USD-denominated costs of Canadian feed commodities only marginally.

## Read by commodity

- WTI: neutral
- USDCAD: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/539953/

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