Canadian Dollar Near April 2025 Lows as USD Gains on Iran Uncertainty
USD/CAD trades near 1.4170-1.4175, close to its highest level since April 2025, as the US dollar strengthens amid geopolitical uncertainty surrounding Iran.
USDCAD
The Canadian dollar remains under pressure, with USD/CAD opening the new week near 1.4170-1.4175 during Asian trading. This level is close to the pair's highest point since April 2025, reached late last week.
The US dollar is finding support from heightened geopolitical uncertainty related to Iran, boosting demand for the greenback as a safe haven. The move also reflects broader risk aversion, which tends to weigh on commodity-linked currencies like the loonie.
Source: FXStreet Forex News