USD/CAD falls toward 1.3550 due to higher Oil prices, Canada's 10-year yield

  • USD/CAD continues to lose ground for the fourth successive session, trading around 1.3560 during the European hours on Tuesday. The pair depreciates as the Canadian Dollar (CAD), a commodity-linked currency, draws support from the higher crude Oil prices, given Canada's status as the largest crude supplier to the United States (US), the largest Oil consumer.