The Canadian dollar rises 0.32% against the USD, hitting its lowest level in two months amid optimism over US-Canada trade developments.
The USD/CAD pair fell 0.32% to around 1.3888, marking its lowest level in two months. The Canadian dollar outperformed most major currencies on Friday, driven by market optimism surrounding potential progress in US-Canada trade discussions.
Prior to this drop, the pair had traded in a tighter range, with recent sessions showing limited volatility. The move below 1.3900 follows a broader trend of CAD strength, supported by expectations of improved bilateral economic ties.
No immediate market reaction data was provided, but the shift reflects growing confidence in the Canadian currency’s near-term outlook.