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