The Canadian dollar continues to spin its wheels against the US dollar, with USDCAD stuck just above 1.36 as markets wait for something strong enough to finally break the pair…
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After sliding to four-month lows earlier this week, the Canadian dollar (CAD) has bounced back on Wednesday morning as global markets flipped from fear to optimism almost overnight, following President Trump’s comments which gave the clearest indications yet that the U.S. will be ending military operations against Iran in the next two to three weeks.
The Canadian dollar is weakening on Wednesday morning as markets react to a fresh wave of geopolitical headlines out of the Middle East. While optimism around potential peace talks has lifted global equities, currency markets are taking a more cautious approach and that’s keeping pressure on the loonie.
The Canadian dollar (CAD) is once again finding itself pulled in two directions. On one hand, rising oil prices are giving the currency some support. On the other, global uncertainty…