Investors await progress in US-Iran negotiations, with frozen Iranian funds cited as the final hurdle to a deal.
The Canadian Dollar traded flat at 1.3810 against the US Dollar in Asian trading, reflecting cautious sentiment amid stalled US-Iran talks. CAD showed modest strength against the Australian Dollar but remained rangebound against most peers.
Negotiations to end the Middle East conflict and reopen the Strait of Hormuz continue, despite recent tensions. Iran’s Fars agency reported unfrozen funds as the last unresolved issue, with Qatar mediating. The US described recent strikes as defensive.
Markets remain on edge as geopolitical risks persist, limiting CAD movement ahead of further developments.