The USD CAD currency pair has retraced its gains from yesterday. The Canadian Dollar, closely linked to commodity markets, gains momentum due to rising crude oil prices. This increase comes amid growing concerns over potential supply disruptions spurred by escalating geopolitical tensions. During the European session on Thursday, the USD CAD traded around 1.3960. Investors should keep an eye on the crude market as it plays a significant role in shaping the CAD’s movement against the US dollar.