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fxJun 26, 2026, 6:04 PM

Canadian Dollar Trims Gains as US-Iran Tensions, Hawkish Fed Support USD

The Canadian Dollar pares intraday gains as US-Iran uncertainty and expectations of a hawkish Federal Reserve help the US Dollar recover from earlier losses.

USDCAD

The Canadian Dollar has trimmed part of its intraday gains as uncertainty surrounding a final US-Iran peace agreement and a hawkish Federal Reserve outlook support the US Dollar. The greenback recovered some of its losses after Thursday's broadly in-line US Personal Consumption data.

Source: FXStreet Forex News