# NY FX: Canadian dollar weak, NY crude futures hit one-month low

> The Canadian dollar weakened in New York trading as NY crude futures fell to $87.13, a one-month low, on hopes of avoiding US attacks on Iran. The USD/CAD pair traded between 1.3930 and 1.3976 Canadian dollars.

- Date: 2026-11-04 · published 2026-11-05T06:08:12.805Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/81158-ny-fx-canadian-dollar-weak-ny-crude-futures-hit-one-month-low
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Crude falling on reduced Middle East escalation risk lowers energy and freight costs for feed ingredients, while a weaker Canadian dollar modestly supports Canadian export competitiveness.

## Read by commodity

- WTI: bearish ▼
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-12-15 | [Canadian dollar at nearly 3-month low as oil prices fall \| Reuters](https://feedsoft.ai/events/43853-canadian-dollar-at-nearly-3-month-low-as-oil-prices-fall-reuters.md) | +0.7% | +16.9% |
| WTI | 2022-12-07 | [Canadian dollar holds near one-month low as Bank of Canada rate hike boost fades - The Globe and Mail](https://feedsoft.ai/events/38459-canadian-dollar-holds-near-one-month-low-as-bank-of-canada-rate-hike-boost.md) | +0.5% | -0.8% |
| WTI | 2026-07-27 | [Canadian dollar hits near two-week low as oil prices drop \| Reuters](https://feedsoft.ai/events/18591-canadian-dollar-hits-near-two-week-low-as-oil-prices-drop-reuters.md) | -3.3% | -2.6% |
| WTI | 2018-10-31 | [Lower Oil Prices: Canadian Dollar Hits 7-Week Low \| Investors King](https://feedsoft.ai/events/62781-lower-oil-prices-canadian-dollar-hits-7-week-low-investors-king.md) | -6.0% | -24.2% |
| WTI | 2022-04-29 | [Canadian dollar hits 7-week low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42107-canadian-dollar-hits-7-week-low-business-and-finance-business-recorder.md) | +2.6% | +9.5% |

## Sources

- jp.investing.com: https://jp.investing.com/news/forex-news/article-1742430

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