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fxJul 13, 2026, 2:07 AM

Canadian Dollar Edges Lower as US Strikes Iran

USD/CAD rises to 1.4165, snapping a four-day losing streak during Asian trading, as the US dollar strengthens amid renewed US-Iran tensions.

USDCAD

The Canadian Dollar weakened on Monday, pushing USD/CAD to 1.4165 during Asian hours. The pair snapped a four-day losing streak as the US Dollar gained ground following reports of new US strikes against Iran.

Geopolitical risk around US-Iran tensions continues to support safe-haven demand for the greenback, weighing on commodity-linked currencies like the Canadian Dollar.

Source: FXStreet Forex News