The Canadian Dollar weakens against the US Dollar amid geopolitical uncertainty, lifting USD/CAD to 1.3834.
The Canadian Dollar (CAD) declined against the US Dollar (USD) on Monday, driven by heightened caution over Middle East tensions. USD/CAD climbed to 1.3834, marking a 0.27% gain for the session.
The move follows a broader shift toward safe-haven assets, with the Greenback benefiting from risk aversion. Prior sessions saw USD/CAD trading in a tighter range, reflecting mixed sentiment ahead of geopolitical developments.
Markets remain sensitive to escalating tensions, which could sustain demand for the USD in the near term.