The USD/CAD pair dipped below the 1.3750 level as crude oil continued its upside momentum, pressuring the Canadian dollar while simultaneously bolstering expectations for looser monetary policy ahead. With energy prices rallying, Canada's commodity-linked currency faced headwinds, creating space for dollar weakness amid growing speculation around Federal Reserve rate cuts. This dynamic interplay between crude strength and policy easing bets reveals how macro forces are reshaping currency flows—a pattern worth monitoring given the correlation between traditional forex movements and crypto market sentiment during periods of monetary transition.