{
  "id": 6768611,
  "title": "Canadian Dollar slides with Oil prices, US CPI fails to keep US Dollar higher",
  "url": "https://urgent.news/2026/09/11/canadian-dollar-slides-with-oil-prices-us-cpi-fails-to-keep-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T14:09:51.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/canadian-dollar-slides-with-oil-prices-us-cpi-fails-to-keep-us-dollar-higher-202609111409"
  },
  "original_language": "en",
  "account": "On Friday, the USD/CAD exchange rate climbed 0.27% to around 1.3870, following the release of US inflation data. The pair has gained three days in a row, aided by the initial US Dollar reaction to the data and a significant drop in Oil prices, which negatively impacts the Canadian Dollar. The US Consumer Price Index (CPI) rose 3.4% year-over-year in August, matching market expectations, and was unchanged from the prior month, according to data from the Bureau of Labor Statistics (BLS). On a monthly basis, prices increased 0.4%, up from 0.1% previously. The Core CPI, excluding volatile food and energy components, rose 0.3% month-over-month, surpassing the 0.2% forecast, but annual core inflation dropped to 2.4% from 2.5% in July. Initially, the US Dollar strengthened after the release, as investors reacted to the stronger-than-anticipated core inflation increase. However, the US Dollar failed to maintain its gains as the annual figures showed no renewed acceleration in inflation. Meanwhile, the Canadian Dollar lagged behind its major peers due to sharp Oil price declines after hitting a fresh four-month high. With Oil prices lower and the US Dollar initially reacting positively to the inflation data, the USD/CAD pair advanced further on Friday. The one-hour chart shows USD/CAD trading at 1.3864, maintaining a bullish outlook as it remains above the 100-period and 200-period simple moving averages (SMAs) and the rising trend-line support near 1.3835. The Relative Strength Index (14) at 76.9 is in overbought territory, indicating strong upside momentum but also warning that the latest advance may pause if buyers fail to clear nearby resistance. Resistance initially lies at 1.3872, with a further hurdle at 1.3890, which would reinforce the bullish structure and allow for more gains. Conversely, immediate support is at the trend-line area near 1.3835, followed by the 200-period SMA at 1.3827 and the 100-period SMA at 1.3808. If there is a deeper pullback to the horizontal floor at 1.3760, it would signal that bulls are losing short-term control.",
  "summary": "USD/CAD rises 0.27% on Friday and trades around 1.3870 at the time of writing, after reaching a daily high of 1.3882 in the immediate reaction to the release of United States (US) inflation data.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}