Newsig · Forex News
Canadian dollar touches an 18-month low as the US dollar jumps on hot CPI
The US dollar is broadly stronger today and that briefly pushed it to the highest against the Canadian dollar since April 2025. The peak was 1.4299 (or 0.6993 CAD). The 70-cent level is a sensitive one domestically and a clean break of it could give Canadians another reason not to travel south this
Why it matters
USD/CAD (US Dollar / Canadian Dollar) · Why linked: The news explicitly describes US dollar strength pushing USD/CAD to an 18-month high against the Canadian dollar. Market context: Hot US CPI pushed the dollar to multi-month highs versus CAD, weakening the loonie sharply.
DXY (US Dollar Index) · Why linked: The article cites a broadly stronger US dollar driven by hot CPI data. Market context: Stronger US CPI lifted the dollar broadly across major crosses.
CL (Crude Oil (WTI)) · Why linked: A weaker Canadian dollar often correlates with oil price weakness since CAD is a petrocurrency. Market context: CAD weakness signals underlying pressure from falling oil prices, weighing on crude-linked currencies.
How CL usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| CL | 180 | +2.93% | 41% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy