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fxAug 7, 2026, 1:20 AM

USD/CAD Rises for Second Day on Safe-Haven Demand

USD/CAD extended gains for a second day, trading near 1.4020 in Asian hours on Friday, as safe-haven demand lifted the US dollar.

USDCAD

The US dollar strengthened amid revived safe-haven flows, driving USD/CAD higher. The pair was seen around 1.4020 in Friday's Asian session, marking a second consecutive daily advance.

The Canadian dollar weakened in the risk-off environment, with traders seeking the greenback as a shelter. The move extends the pair's recent recovery from earlier lows.

Source: FXStreet Forex News