The Canadian Dollar declines for a second day as investors seek the US Dollar amid broader risk aversion.
The USD/CAD pair climbed to 1.4020 during Asian trading on Friday, extending gains for a second consecutive session. The move reflects renewed demand for the US Dollar as a safe-haven asset amid shifting market sentiment.
The pair has advanced steadily, building on recent momentum as global risk appetite wanes. Prior sessions saw the Canadian Dollar under pressure, with the USD/CAD pair trading near multi-week highs earlier in the week.
No immediate market reaction data was provided, but the trend underscores the US Dollar’s resilience in uncertain conditions.