# Canadian Dollar eyes mid-September lows vs broadly weaker USD as traders await US data

> USD/CAD fell toward 1.3955 as the US dollar weakened broadly after Democrats won control of Congress. US bond yields slid as investors sought safe-haven debt, and hopes for Iran diplomacy added pressure on the dollar.

- Date: 2026-11-04 · published 2026-11-05T00:09:19.412Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/80678-canadian-dollar-eyes-mid-september-lows-vs-broadly-weaker-usd-as-traders-await
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Broad dollar weakness supports dollar-priced commodities such as grains and oilseeds, while Iran diplomacy hopes lower oil prices, which reduces biofuel and freight cost pressure on feed inputs.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-31 | [US dollar at 3-week lows as traders await tapering clues - The Business Times](https://feedsoft.ai/events/45754-us-dollar-at-3-week-lows-as-traders-await-tapering-clues-the-business-times.md) | -0.2% | +0.9% |
| DXY | 2019-08-02 | [Dollar weakens as September rate cut bets mount](https://feedsoft.ai/events/57761-dollar-weakens-as-september-rate-cut-bets-mount.md) | +0.4% | +1.7% |
| DXY | 2026-01-28 | [Trump's Embrace of Weaker US Dollar Seen as Start of Longer-Term Decline (USD) - Bloomberg](https://feedsoft.ai/events/10163-trump-s-embrace-of-weaker-us-dollar-seen-as-start-of-longer-term-decline-usd.md) | +0.4% | +0.3% |
| DXY | 2025-11-06 | [Dollar weakens amid soft labor US data \| Reuters](https://feedsoft.ai/events/22157-dollar-weakens-amid-soft-labor-us-data-reuters.md) | -0.9% | -1.0% |
| DXY | 2023-11-15 | [Ringgit Gains Ground As US Dollar Weakens On Lower-Than-Expected CPI Data](https://feedsoft.ai/events/33435-ringgit-gains-ground-as-us-dollar-weakens-on-lower-than-expected-cpi-data.md) | -0.9% | -0.2% |
| WTI | 2025-03-13 | [Canadian dollar weakens as trade war spooks investors](https://feedsoft.ai/events/25825-canadian-dollar-weakens-as-trade-war-spooks-investors.md) | -0.5% | -7.6% |
| WTI | 2023-11-07 | [Canadian dollar weakens despite wider trade surplus - The Globe and Mail](https://feedsoft.ai/events/33410-canadian-dollar-weakens-despite-wider-trade-surplus-the-globe-and-mail.md) | -3.2% | -11.3% |
| WTI | 2023-02-15 | [Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail](https://feedsoft.ai/events/37578-canadian-dollar-weakens-as-u-s-data-boosts-fed-rate-hike-prospects-the-globe.md) | -6.5% | -14.7% |

## Sources

- tmgm.com: https://www.tmgm.com/en/analysis/market-news/article/canadian-dollar-eyes-mid-september-lows-vs-broadly-weaker-usd-as-traders-await-us-data-202611040819

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