The currency pair remains close to a six-month high as geopolitical risks support the USD against the CAD.
The USD/CAD pair continues its consolidative phase, trading near 1.3800 during Tuesday’s Asian session. The pair has held steady for two consecutive days, reflecting persistent uncertainty in the Middle East and its impact on global risk sentiment.
Spot prices remain near their highest level since April 13, underscoring the USD’s strength against the CAD. The pair has shown limited volatility, with traders awaiting fresh catalysts amid broader market caution.
No immediate market reaction was reported, as the pair’s movement remains constrained by external geopolitical factors rather than domestic economic data.