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fxJul 1, 2026, 3:11 AM

USD/CAD Rises as Geopolitical Tensions Boost Safe-Haven Demand

USD/CAD recovered recent losses, trading around 1.4220 during Asian hours on Wednesday, as the US Dollar strengthened on safe-haven demand amid US-Iran Doha talks uncertainty.

USDCAD

The Canadian Dollar weakened against the US Dollar on Wednesday, with USD/CAD recovering losses from the previous day to trade near 1.4220 during Asian hours.

The pair gained as the US Dollar found support from safe-haven flows, driven by lingering geopolitical uncertainty surrounding United States-Iran talks in Doha. Investors remained cautious, favoring the greenback over risk-sensitive currencies like the Canadian Dollar.

Source: FXStreet Forex News