US Dollar Weakens Against Canadian Dollar on Oil Gains and Tariff Pause

The US Dollar has resumed its broader bearish trend against the Canadian Dollar, supported by rising oil prices and a recent agreement with the US to pause 50% tariffs on Canadian exports, according to FX Street.

This development has helped the Canadian Dollar maintain key support levels around 1.3850, with resistance near 1.3900. The suspension of tariffs provides additional relief to Canadian exporters, bolstering the currency's appeal.

For Japanese investors, this move highlights the influence of commodity prices and trade policies on North American FX pairs, factors that could impact portfolio allocations across global markets.