The currency pair extends a four-day rally amid cautious trading ahead of geopolitical developments in the Middle East.
The USD/CAD pair traded around 1.3990 in Asian hours Tuesday, marking its fourth consecutive day of gains. The US Dollar steadied against the Canadian Dollar as markets awaited further updates on US-Iran negotiations, contributing to cautious sentiment.
Prior to this, the pair had fluctuated within a narrow range, reflecting broader risk aversion. Comparable periods showed similar stability, with traders balancing geopolitical risks against economic data releases.
No immediate market reaction was reported, as trading volumes remained subdued ahead of key developments.