# US Dollar Holds Gains Post Trump, Oil Prices To Drive US Canadian Dollar Exchange Rate Outlook

> The US dollar held its gains as markets focused on a possible Federal Reserve rate hike that month. USD/CAD traded around 1.33 in a sideways range, and traders were waiting for a breakout in oil prices.

- Date: 2017-02-28 · published 2017-02-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/72731-us-dollar-holds-gains-post-trump-oil-prices-to-drive-us-canadian-dollar
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The sideways USD/CAD range shows the loonie is tied to oil and US rate expectations. A break in either direction would affect the cost of Canadian-linked commodity trade.

## Read by commodity

- USDCAD: neutral

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17505/cad-oil-trump-us-dollar-to-canadian-dollar-outlook-week.html

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