USD/CAD falls to two-month low near 1.3932
The USD/CAD pair trades lower on Monday, pressured by stronger Canadian labour data and rising oil prices.
The Canadian Dollar draws support from domestic labour market outcomes and higher West Texas Intermediate oil prices, which trade around $80.37 per barrel.
The pair’s drop below 1.40 puts focus on the upcoming US Consumer Price Index report, which may influence Fed rate hiking odds.