The USD/CAD pair declined after gaining in the previous session. It trades near a six-month low at 1.3802 during Monday’s Asian hours. The decline faces challenges due to the weaker US Dollar, which remains under pressure. Concerns over the economic fallout from US tariffs have contributed to this bearish trend.

Weaker oil prices are also influencing the CAD’s performance. The market watches with caution as traders reassess the impact of fluctuating oil prices on the Canadian economy.