Canadian Dollar Rebounds, USD/CAD Halts Winning Streak
The Canadian dollar strengthened against the US dollar on Monday, pulling back from two-month highs as USD/CAD halted its four-day winning streak and traded around 1.3940 during European hours.
USDCAD
USD/CAD stalled its four-day advance after reaching a two-month high of 1.39613 in the previous session. The pair was last seen trading around 1.3940, marking a modest decline as the Canadian dollar found support.
The rebound from two-month lows suggests a potential shift in momentum for the Canadian dollar, though further catalysts may be needed to sustain the move.
Source: FXStreet Forex News