March 12, 2026

Canadian Dollar gains traction to near 1.3600 as Oil gains on Strait of Hormuz closure

March 12, 2026

Canadian Dollar gains traction to near 1.3600 as Oil gains on Strait of Hormuz closure

The USD/CAD pair trades in negative territory around 1.3600 during the early European trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD). The US weekly Initial Jobless Claims report will be released later on Thursday. 

The USD/CAD pair trades in negative territory around 1.3600 during the early European trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD). The US weekly Initial Jobless Claims report will be released later on Thursday. 

Article written by AdminFF

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