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Canadian Dollar Strengthens, Oil Prices Rise After Trump Pauses 50% Tariffs

USD/CAD traded lower on Wednesday, currently at 1.38136, down 0.62% on the day. Following Trump's announcement to suspend the 50% tariffs, the Canadian dollar strengthened, and oil prices…

Published: August 19, 2026 14:42 UTC
Market: FX
Source: insigtX

USD/CAD traded lower on Wednesday, currently at 1.38136, down 0.62% on the day. Following Trump's announcement to suspend the 50% tariffs, the Canadian dollar strengthened, and oil prices also recorded gains.

Original: https://www.fxstreet.hk/news/te-lang-pu-zan-ting-50guan-shui-hou-jia-yuan-zou-qiang-you-jia-shang-zhang-202608191442

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