## Why Oil Price Fluctuations Are Reshaping USD/CAD: A 1.3870 Snapshot
The USD/CAD pair is hovering near 1.3870 as the week heads into the crucial US jobs report, but the real story here isn't just about labor data—it's about how oil price movements continue to dictate the Canadian Dollar's fate. When you understand how oil gauge goes up and down in global markets, you start seeing why the CAD has been under pressure.
Here's the pressure point: Venezuelan crude is flooding into US markets. Oil giants Chevron, along with trading powerhouses Vitol and Trafigura, are competing to move roughly 50