The Canadian dollar strengthened against other major currencies in the Asian session on Friday, as crude oil prices has surged amid concerns of supply disruptions continue despite upcoming peace talks between the U.S. and Iran to end the month-long gulf war.
WTI Crude Oil for May month delivery was last seen trading up by $3.45 (or 3.78%) at $94.74 per barrel.
In the conflict between the U.S., Israel and Iran that started on February 28, a two-week ceasefire was agreed by both nations last week which ends on April 22. There is optimism about a second round of peace talks between the U.S. and Iran.
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Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.