# USD/CAD rises for a fourth consecutive day to 1.3790 as falling oil prices weigh on the Canadian dollar

> USD/CAD rose for a fourth consecutive trading day to around 1.3790. The report attributed pressure on the Canadian dollar to falling oil prices amid hopes for slower US-Iran negotiations, alongside resilient US employment and increased expectations of Federal Reserve rate hikes.

- Date: 2026-11-08 · published 2026-11-08T12:09:40.460Z
- Category: macro · region North America · magnitude low
- Page: https://feedsoft.ai/events/87420-usd-cad-rises-for-a-fourth-consecutive-day-to-1-3790-as-falling-oil-prices
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower oil prices can weaken the Canadian dollar, while stronger US rate expectations can support the US dollar, pushing USD/CAD higher. Cheaper crude could reduce energy-related costs, though the article describes a routine currency-market move rather than a new feed-market supply shock.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-10-31 | [Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/39347-canadian-dollar-slips-to-six-day-low-as-oil-prices-fall-the-globe-and-mail.md) | +5.4% | -12.2% |
| WTI | 2023-05-30 | [Canadian dollar dips as oil prices fall more than 4%](https://feedsoft.ai/events/36186-canadian-dollar-dips-as-oil-prices-fall-more-than-4.md) | -0.4% | -6.6% |
| WTI | 2020-01-29 | [Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/55300-canadian-dollar-nears-seven-week-low-as-oil-prices-fall-the-globe-and-mail.md) | -7.1% | -8.8% |
| WTI | 2018-02-22 | [Feb 22: Ringgit slips against US dollar for fourth consecutive day](https://feedsoft.ai/events/66757-feb-22-ringgit-slips-against-us-dollar-for-fourth-consecutive-day.md) | -0.3% | +5.5% |
| WTI | 2020-01-24 | [Canadian dollar slips as oil prices fall on China virus scare](https://feedsoft.ai/events/55301-canadian-dollar-slips-as-oil-prices-fall-on-china-virus-scare.md) | -6.1% | -3.9% |
| BRENT | 2023-10-03 | [Oil drops for fourth consecutive day on macroeconomic concerns  \| The National](https://feedsoft.ai/events/7915-oil-drops-for-fourth-consecutive-day-on-macroeconomic-concerns-the-national.md) | -1.3% | -2.1% |
| BRENT | 2018-12-20 | [The Canadian dollar and the price at the gas pump: Why you can’t win for losing - The Globe and Mail](https://feedsoft.ai/events/61782-the-canadian-dollar-and-the-price-at-the-gas-pump-why-you-can-t-win-for-losing.md) | -8.1% | +10.6% |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |

## Sources

- xtxg.cn: http://www.xtxg.cn/article/67f41499518.html

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