USD/CAD Rises as Safe-Haven Demand Bolsters US Dollar
USD/CAD advanced toward 1.3975 on Thursday, up 0.23% on the day, as the US dollar strengthened on safe-haven demand amid Middle East tensions.
USDCAD
The Canadian dollar edged lower on Thursday, with USD/CAD climbing toward 1.3975, a 0.23% daily gain. The US dollar benefited from renewed safe-haven buying as geopolitical tensions in the Middle East persisted.
No additional details were provided on the timing or specific drivers, but the broader market mood remained risk-off, underpinning the greenback against its commodity-linked Canadian counterpart.
Source: FXStreet Forex News