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fxJun 15, 2026, 1:53 AM

USD/CAD Falls as Canadian Dollar Gains on Reduced Safe-Haven Demand

USD/CAD depreciated to around 1.3970 during Asian hours Monday, reversing two days of gains, as the US dollar broadly declined on fading safe-haven demand.

USDCAD

The Canadian dollar strengthened against its US counterpart on Monday, pushing USD/CAD to around 1.3970 during Asian trading. The pair reversed two days of gains, under downward pressure from a broad US dollar sell-off.

The greenback fell broadly as market risk appetite improved, reducing safe-haven demand. The move leaves USD/CAD subject to further downside if the dollar weakness persists.

Source: FXStreet Forex News